Revisions to the principal livestock risk management programs, as well as to crop insurance, take effect July 1.

The USDA's Risk Management Agency made changes to the Livestock Gross Margin and Livestock Risk Protection programs used by pork producers for crop year 2027. Among them:  

Added clarifications for off-exchange contracts and subsidy capture definitions, including additional prohibited conduct under Section 25 of the LRP Basic Provisions

Allowed concurrent coverage of LRP and LGM in the same month

Required policies not earning premiums for three consecutive years to be cancelled

Clarified when coverage can be transferred

Revised the definition of beginning farmer and rancher and updated subsidy percentages to conform with the One Big Beautiful Bill Act

The National Pork Producers Council works to ensure the continued availability, affordability and long-term viability of risk management tools for pork producers and will continue working to protect access and improve LRP and LGM.

Pork producers rely on LRP and LGM to help manage risk and protect market opportunities. Over the past five crop years, an average of 27% of hogs marketed in the United States were covered by either LRP or LGM, including a high of approximately 35% in crop year 2025.

Source - https://www.nationalhogfarmer.com