CRAMER: Insurance Providers May Waive 30-Day Ownership Requirement
Date: July 11, 2017
WASHINGTON, D.C. – Congressman Kevin Cramer announced today the U.S. Department of Agriculture (USDA) will allow insurance providers to waive the 30-day ownership requirement for Livestock Risk Protection (LRP) Specific Coverage Endorsements upon an individual producer providing proof of ownership. This policy is issued in light of the severe drought conditions in North Dakota, South Dakota, and Montana.
“Under this provision, insurance providers may choose to not hold producers responsible for changes in their livestock count due to loss or early sale,“ said Cramer. “Secretary Perdue consistantly proves he understands the enormous impact this drought is having on North Dakota’s farmers and ranchers.”
Read more about the provision here.