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John Shea, 202-690-0437

CALCULATING NEW PRICE CHANGE LIMITS FOR REVENUE PRODUCTS

WASHINGTON, Jan 27, 2009 - RMA has received several inquiries regarding how the price change limits, effective the 2009 crop year for Crop Revenue Coverage, Group Risk Income Protection, and Revenue Assurance plans of insurance, are determined. These limits were previously announced May 29, 2008.

A Special Provisions of Insurance (SPOI) statement was included in the 2009 crop year actuarial filing for all counties and all crops that pertain to these three insurance plans.

RMA is providing the following example in response to the above inquiries.

The harvest (or fall harvest) price cannot be greater than 200 percent of the base (expected or projected harvest) price.

  • Example: If the base (expected or projected harvest) price is $5.00, then the harvest (or fall harvest) price cannot be greater than $10.00.

Frequently Asked Questions:

Group Risk Income Protection
Revenue Assurance

Policies and Provisions:

Crop Revenue Coverage
Group Risk Income Protection
Revenue Assurance

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