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Home / FAQs / Are the insurance premiums subsidized like those in crop insurance?

Frequently Asked Questions

Are the insurance premiums subsidized like those in crop insurance?

January 19, 2021

No, unlike other crop insurance programs, there is no government cost-sharing of LPI premium or indemnity. The program is solely producer funded. LPI is designed to comply with trade agreements; therefore, over the long-term, the premiums collected will fund the indemnities paid. However, the federal government funds program development and administration costs, as well as provide deficit financing.