LongmontFYI Logo
LongmontFYI Home
 
Business Logo


LongmontFYI
Business Archive

 

 
back to archive

8/1/2004

Officials to resume livestock insurance

The Associated Press

BILLINGS, Mont. — Federal agriculture officials plan to resume and expand a livestock insurance program that was suspended late last year after a case of mad cow disease was discovered in this country.
The Livestock Risk Protection program is slated to go forward with new sales in October but with some changes aimed at protecting its actuarial soundness in case of a catastrophic event or especially volatile futures markets, Shirley Pugh, a spokeswoman with the Risk Management Agency, said Friday.
They are among the measures the Federal Crop Insurance Corp. board saw fit to have in place so a program could go ahead, Pugh said.
Details of the revamped insurance program are still being worked on but should be ready in the next few weeks, she said.
“We want this program to go forward,” she said, noting interest in it among state agricultural leaders and producers.