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PM-22-076: 2022 Crop Year (CY) Common Crop Insurance Policy and Area Risk Protection Insurance Harvest Prices Announcement

Common Crop Insurance Policy & Area Risk Protection Insurance 1

The 2022 CY harvest prices shown below are approved for the following plans of insurance: Revenue Protection, Area Revenue Protection, Revenue Protection with Harvest Price Exclusion, and Area Revenue Protection – Harvest Price Exclusion. The harvest prices are applicable for the crops, practices, sales closing dates, and states indicated in the following table.

PM-22-075: Post-Application Coverage Endorsement (PACE) Changes Effective for the 2023 and Succeeding Crop Years

Background

The Federal Crop Insurance Corporation Board of Directors approved changes to the PACE crop insurance program, under section 508(h) of the Federal Crop Insurance Act, on August 18, 2022.

The following changes are applicable for the 2023 and succeeding crop years:

Actuarial Release 22-051

As of November 30, 2022 the following information is now available on the FTP site:

  • 2022 Actuarial Data Master for the 4/30, 8/31 Filing Date, YTD, and Daily Files.
  • 2023 Actuarial Data Master for the 11/30 Filing Date, YTD, and Daily Files.
  • 2023 Special Provisions for the 11/30 Filing Date.

Users can find this information in the following directories:

PM-22-073: Burley, Dark Air, Fire Cured, and Maryland Type Tobacco Changes Effective for the 2023 and Succeeding Crop Years

Background

The Risk Management Agency (RMA) released provisions implementing contract-based features for the flue-cured tobacco program beginning with the 2021 crop year. These provisions were developed as part of a collaborative process with flue-cured tobacco stakeholders and have been positively received by flue-cured tobacco producers.

Actuarial Release 22-050

As of November 28, 2022 the following information is now available on the FTP site:

  • 2023 Actuarial Data Master for the 11/30 Filing Date, YTD, and Daily Files.
  • 2023 Special Provisions for the 11/30 Filing Date.

Users can find this information in the following directories:

  • 2023 Actuarial Data Master are in the References/Actuarial_Data_Master/2023 directory.
  • 2023 Special Provisions are in the Special_Provisions/2023 directory.

Additional notes and details regarding this data release:

PM-22-070: 2023 Crop Year Organic Rice Price Factor, Organic Cotton Price Premium, Popcorn Price Factors, Sunflower Price Factors, Grain Sorghum Price Factor, and Organic Oats Price Factor

Background

The Risk Management Agency (RMA) derives prices for certain programs by applying factors and premiums to conventional projected and harvest prices established in accordance with the Commodity Exchange Price Provisions (CEPP). The factors and premiums for organic rice, organic cotton, popcorn, organic popcorn, confectionery sunflowers, organic sunflowers, grain sorghum, and organic oats are provided below.

PM-22-069: Stacked Income Protection Plan (STAX) Policy Effective for the 2023 and Succeeding Crop Years

Background

The Agricultural Act of 2014 (Farm Bill) instructed the Risk Management Agency (RMA) to offer the Stacked Income Protection Plan of Insurance (STAX) to upland cotton producers. STAX became effective for the 2015 crop year and is offered in all counties where insurance for upland cotton is available.

For the 2023 and succeeding crop years, RMA is updating the STAX provisions to correct a reference in section 4(g) of the policy document.

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