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Federal Crop Insurance

The Livestock Revenue Coverage introduced by the Federal Crop Insurance Corporation (FCIC) is not a property form of insurance; in other words, it does not insure the livestock against any direct physical loss. This coverage provides protection for loss of revenue or the value of the livestock at the time of sale. The coverage is very similar to multi-peril crop insurance, and the "crop insurance" line of authority is sufficient for the sale of this or similar crop or livestock revenue protection products reinsured or subsidized by the FCIC.