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PM-23-064: Transparency in Policy Cancellations Final Rule Effective for the 2024 and Succeeding Crop Years

Background

The Federal Crop Insurance Corporation (FCIC) amended the Common Crop Insurance Policy (CCIP) Basic Provisions and Area Risk Protection Insurance (ARPI) Basic Provisions. The changes apply for the 2024 and succeeding crop years for the November 30, 2023, contract change date and for the 2025 crop year for crops with a contract change date prior to November 30, 2023.

Actuarial Release 23-042

As of October 16, 2023 the following information is now available on the FTP site:

  • 2022 Actuarial Data Master for the 2/28 Filing Date, YTD, and Daily Files.
  • 2024 Actuarial Data Master for the 6/30 Filing Date, YTD, and Daily Files.

Users can find this information in the following directories:

PM-23-062: 2024 Crop Year (CY) Common Crop Insurance Policy Projected Prices and Price Volatility Factors Announcement

For the Common Crop Insurance Policy, the Risk Management Agency (RMA) approved 2024 CY projected prices and price volatility factors for insurance offers with a projected price discovery period of September 15, 2023, through October 14, 2023. These values may be viewed in the attachment and on RMA’s Price Discovery portal, located here: public-rma.fpac.usda.gov/apps/PriceDiscovery.

These values will also be available at the following locations on RMA’s website by October 18, 2023:

Actuarial Release 23-041

As of October 05, 2023 the following information is now available on the FTP site:

  • 2023 Actuarial Data Master for the 1/31 Filing Date, YTD, and Daily Files.
  • 2024 Actuarial Data Master for the 4/30, 8/31 Filing Date, YTD, and Daily Files.
  • 2024 Special Provisions for the 4/30 Filing Date.

Users can find this information in the following directories:

Actuarial Release 23-040

As of October 02, 2023 the following information is now available on the FTP site:

  • 2023 Actuarial Data Master for the 6/30, 11/30, 1/31 Filing Date, YTD, and Daily Files.
  • 2024 Actuarial Data Master for the 8/31 Filing Date, YTD, and Daily Files.

Users can find this information in the following directories:

PM-23-060: 2023 Crop Year (CY) Common Crop Insurance Policy and Area Risk Protection Insurance Harvest Prices Announcement

For the Common Crop Insurance Policy and Area Risk Protection Insurance, the Risk Management Agency (RMA) approved 2023 CY harvest prices for insurance offers with a harvest price discovery period of September 1, 2023, through September 30, 2023. These values may be viewed in the attachment and on RMA’s Price Discovery portal, located here: public-rma.fpac.usda.gov/apps/PriceDiscovery.

These values will also be available at the following locations on RMA’s website by October 4, 2023:

IS-23-002: 2024 Livestock Price Reinsurance Agreement (LPRA) – Revised Appendix II Exhibits V(b) and (c), Appendix IV, and Matrix

The Risk Management Agency (RMA) has released a revised 2024 Livestock Price Reinsurance Agreement (LPRA) Appendix II, with changes to Exhibits V(b) and (c) in the 2024 LPRA Plan of Operation Template at www.rma.usda.gov/policy-procedure/reinsurance-agreements/livestock-price-reinsurance-agreement-archive. These exhibits were revised to include the new Wean Calf Revenue Protection (WCRP) program implemented this year.

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