News

Treasurer Fitzpatrick Kicks off Financial Literacy Month with New Resources for Missourians

Missouri State Treasurer Scott Fitzpatrick recognizes April as Financial Literacy Month, a month dedicated to promoting the importance of financial literacy and financial education. Fitzpatrick started off the month by announcing that new free resources for Missourians are now available on the Financial Literacy Portal.

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Livestock Risk Protection

Livestock Risk Protection is a means for beef producers who retain feeder cattle and cattle operators who feed cattle to insure against market price declines. Operators have the ability to select from differing coverage levels. Additionally, managers can choose insurance time frames to coincide with dates that feeder cattle would typically be retained or raised. This coverage consists of 12,000 or less head and is only available for the federal crop year which covers July 1 through June 30. This allows for smaller producers to hedge against specific numbers of cattle. Also, cattle farmers can choose levels of coverage from 70% to 100% of projected final value and choose between 13 and 52 weeks.

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USDA offers CLEAR30 option

The U.S. Department of Agriculture has announced the sign-up period for its Clean Lakes, Estuaries, And Rivers initiative (CLEAR30) — a nationwide opportunity for certain landowners and agricultural producers currently implementing water quality practices through the Conservation Reserve Program (CRP) to enroll in 30-year contracts, extending the lifespan and strengthening the benefits of important water quality practices on their land.

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