PRODUCT MANAGEMENT BULLETIN: PM16-040




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

Date

July 29, 2016

To:

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

From:

Thomas W. Worth, Acting Deputy Administrator /s/ Rodger M. Matthews, for.    7/29/2016

Subject:

Sugarcane Actual Production History Plan of Insurance – 2017 and Succeeding Crop Years
Background

Changes have been made to the Sugarcane Actual Production History (APH) plan of insurance for the 2017 crop year as approved on June 3, 2016, by the Federal Crop Insurance Corporation Board of Directors (Board). The approved changes are applicable to the Sugarcane policy and will be implemented via Special Provisions of Insurance and are listed below:

1) Coverage was added to provide protection against possible overwintering damage to stubble cane that may have been damaged the previous crop year.
2) The reference sugar content percentage for Louisiana used for loss adjustment was revised to 10%.
3) Section 34(c)(1) of the Basic Provisions regarding optional units was modified for Louisiana to recognize the larger units in the central region.

The Board approved one change to the Sugarcane Loss Adjustment Standards Handbook (LASH). The Stand Reduction Appraisal Method was revised to modify the allowable skip from 36 inches to 15 inches in Florida and Louisiana The Board also approved the Sugarcane Insurance Standards Handbook (ISH). The ISH Insurance Handbook, and Loss Adjustment  Manual.

Action
The 2017 crop year changes to the actuarial documents were released June 29, 2016. The 2017 Sugarcane LASH and the Sugarcane Insurance Standards Handbook will be released on Risk Management Agency’s website by the close of business on July 29, 2016.

DISPOSAL DATE:
December 31, 2016
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