USDA’s Risk Management Agency has announced changes to the

Livestock Gross Margin (LGM) program for cattle and swine for the 2021 marketing

year.

The changes include the addition of premium subsidies to

assist producers and moving premium due dates to the end of the endorsement

period for cattle.

The added subsidies will be based on the deductible selected

by the producer. The subsidies will range from 18% with no deductible to 50%

with a $70 or greater deductible for cattle and a $12 or greater deductible for

swine.

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