Livestock

BACKGROUND

The Risk Management Agency (RMA) has received multiple questions on the topics of premium funding agreements, the insurability of ephemeral acres, and the insurability of acres grazed by wildlife such as wild horses. This memo is to provide guidance to all Federal Crop Insurance Program participants in the RI and PRF programs.

The Risk Management Agency (RMA) has released the updated 2026 SRA at: www.rma.usda.gov/policy-procedure/reinsurance-agreements/standard-reinsurance-agreement-archive. Additionally, the 2027 SRA and Appendices I, II, and IV, and the 2027 LPRA and Appendices I, II, and IV, which become effective July 1, 2026, are located at: www.rma.usda.gov/policy-procedure/reinsurance-agreements.

BACKGROUND:

The Federal Crop Insurance Corporation Board of Directors approved implementation of the Crop and Livestock Income Protection (CLIP) crop insurance program, under section 508(h) of the Federal Crop Insurance Act, on November 21, 2024.