PRODUCT MANAGEMENT BULLETIN: PM17-049




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

Date

August 25, 2017

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    8/25/2017

Subject:

Rainfall Index and Vegetation Index Basic Provisions and Rainfall Index Pasture, Rangeland, Forage Crop Provisions Changes Effective for 2018 and Succeeding Crop Years
Background
The Risk Management Agency (RMA) has revised the Rainfall Index and Vegetation Index Basic Provisions (Basic Provisions) to incorporate changes made in the 2014 Farm Bill Final Rule that was published in the Federal Register on June 30, 2016. This will replace the Farm Bill Amendment that was issued April 2017. In addition, language was added to the Basic Provisions and the Pasture, Rangeland, Forage (PRF) Crop Provisions to allow for organic practice to be offered.
Action

The following materials will be available, by close of business today, on the RMA website

  • Rainfall and Vegetation Index Basic Provisions (18-RIVI)
  • Pasture, Rangeland, Forage Crop Provisions (18-RI-PRF)
  • Rainfall and Vegetation Index Insurance Standards Handbook

In addition to these changes, RMA will be updating the county base values for the intended uses of grazing and non-irrigated hay under the PRF program. This update will change the county base value from a state level price to a sub-state level price for all states for the 2018 crop year. Actuarial documents will be released by the Contract Change Date.
Questions regarding these modifications may be directed to rma.kcviri@rma.usda.gov.

USDA is an Equal Opportunity Employer and Provider