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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.

Actuarial Release 22-049

As of November 23, 2022 the following information is now available on the FTP site:

  • 2022 Actuarial Data Master for the 11/30 Filing Date, YTD, and Daily Files.
  • 2023 Actuarial Data Master for the 6/30, 8/31, 11/30, 12/31 Filing Date, YTD, and Daily Files.
  • 2023 Special Provisions for the 6/30, 11/30, 12/31 Filing Date.

Users can find this information in the following directories:

Actuarial Release 22-048

As of November 16, 2022 the following information is now available on the FTP site:

  • 2021 Actuarial Data Master for the 6/30, 11/30, 1/31 Filing Date, YTD, and Daily Files.
  • 2023 Actuarial Data Master for the 11/30, 12/31 Filing Date, YTD, and Daily Files.
  • 2023 Special Provisions for the 11/30, 12/31 Filing Date.

Users can find this information in the following directories:

PM-22-067: Hurricane Insurance Protection - Wind Index (HIP-WI) - Updated IBTrACS dataset for 2021 hurricane season

The International Best Track Archive for Climate Stewardship (IBTrACS) has updated the dataset for the 2021 hurricane season. In accordance with Section 9(d) of the HIP-WI Endorsement and the Hurricane Data Provisions, approved counties will have an updated payment flag and triggering event date available by close of business today in the following formats:

PM-22-042.3: Crop Insurance Reporting and Other Changes (CIROC) Final Rule Effective for the 2023 and Succeeding Crop Years

Background

The Risk Management Agency (RMA) issued Product Management Bulletin PM-22-042 on June 30, 2022, announcing changes to several policies under the CIROC Final Rule. The Common Crop Insurance Provisions Basic Provisions, Area Risk Protection Insurance Basic Provisions, and 14 individual Crop Provisions were released at that time. The remaining regulatory Crop Provisions included in the CIROC Final Rule and conforming changes in non-regulatory Crop Provisions are planned for public release by their respective contract change dates (CCD).

Actuarial Release 22-047

As of November 03, 2022 the following information is now available on the FTP site:

  • 2023 Actuarial Data Master for the 9/30 Filing Date, YTD, and Daily Files.

Users can find this information in the following directories:

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

Additional notes and details regarding this data release:

2023 ADM Price updated with additional prices for potatoes, reference PM-22-066, 9/30 filing.

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