PRODUCT MANAGEMENT BULLETIN: PM20-005




1400 Independence Avenue, SW
Stop 0801
Washington, DC  20250-0801

Date

January 16, 2020

To:

All Approved Insurance Providers
All Risk Management Agency Field Offices
All Other Interested Parties

From:

Richard H. Flournoy, Deputy Administrator /s/ Richard H. Flournoy    1/16/2020

Subject:

Pecan Tree Crop Insurance Program Changes Effective for the 2021 and Succeeding Crop Years
Background

The Federal Crop Insurance Corporation Board of Directors approved modifications to the Pecan Tree Crop Insurance Program, under section 508(h) of the Federal Crop Insurance Act, on August 15, 2019. The following changes are effective for the 2021 and succeeding crop:

  • Increasing the Occurrence Loss Option trigger to 10 percent, with corresponding adjustments to rates;
  • Adding additional method to qualify for optional units when orchards on contiguous land are separated by the minimum distance specified in the Special Provisions; and
  • Allowing different coverage level and percentage of price election to be elected for each type.
Action

The following documents will be available by close of business today on the RMA website at www.rma.usda.gov

  • Pecan Tree Crop Provisions (21-0284)
  • Pecan Tree Fact Sheet
  • Pecan Tree Crop Insurance Standards Handbook (FCIC-20300U)
  • Pecan Tree Loss Adjustment Standards Handbook (FCIC 20300L) 

Approved insurance providers must notify policyholders of these changes at least 30 days prior to the cancellation date, as required by the policy.

The 2021 crop year sales closing date for the Pecan Tree Insurance Program is May 15, 2020. Interested producers should contact a crop insurance agent for further information. A list of agents can be found on the RMA website at www.rma.usda.gov/Information-Tools/Agent-Locator-Page.

DISPOSAL DATE:
December 31, 2020

USDA is an Equal Opportunity Employer and Provider