PRODUCT MANAGEMENT BULLETIN: PM–19-034
United States Department of Agriculture
Farm and Foreign Agricultural Services
Risk Management Agency
1400 Independence Avenue, SW
Stop 0801
Washington, DC 20250-0801
Date
June 25, 2019
To:
All Approved Insurance Providers
All Risk Management Agency Field Offices
All Other Interested Parties
All Risk Management Agency Field Offices
All Other Interested Parties
From:
Richard H. Flournoy, Deputy Administrator /s/ Richard H. Flournoy 6/25/2019
Subject:
Margin Protection Plan of Insurance - Modifications Effective for 2020 and Succeeding Crop Years
- Background
-
The Risk Management Agency (RMA) has revised the Margin Protection (MP) Plan of Insurance for the 2020 crop year, as follows:
- Clarified insurability of white and waxy corn types under the base policy for MP
- Clarified the deadline for electing enterprise units follows the base policy for MP
- Clarified which policy is cancelled when a producer elects both Supplemental Coverage Option and MP
- Revised the fertilizer codes in the Margin Price Provisions for soybeans and rice
- RMA is moving to RMA data vs NASS data for determining yields
- Revised all four MP crop provisions section 3 “Payment Dates” to state the new dates for releasing final county revenues and final county yields.
- Action
-
The following materials will be available by close of business today on the RMA website: www.rma.usda.gov/Policy-and-Procedure/Insurance-Plans/Margin-Protection-for-Corn-Rice-Soybeans-and-Wheat
Margin Policy Provisions
- Margin Protection Crop Provisions:
- Corn Crop Provisions
- Rice Crop Provisions
- Soybean Crop Provisions
- Wheat Crop Provisions
- Margin Price Provisions Section II Commodity Price Definitions and Section III Commodity Input Definitions: Crop-Specific Endorsements:
- Rice
- Soybeans
If you have any questions, please contact Michael Ciliege or Cody Lovercamp, Product Administration and Standards Division at (816) 926-7730.
DISPOSAL DATE:
December 31, 2019