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Actuarial Release 23-019

As of June 14, 2023 the following information is now available on the FTP site:

  • 2023 Actuarial Data Master for the 6/30 Filing Date, YTD, and Daily Files.
  • 2024 Actuarial Data Master for the 4/30, 6/30 Filing Date, YTD, and Daily Files.
  • 2024 Special Provisions for the 6/30 Filing Date.

Users can find this information in the following directories:

MGR-23-001: Suspension of Livestock Risk Protection 60-Day Ownership Requirement Due to Severe Drought

Background

Due to the continuing severe drought conditions impacting many parts of the nation, producers are struggling to find adequate supplies of feed or forage, causing them to market their livestock sooner than anticipated.

The Livestock Risk Protection (LRP) Basic Provisions requires livestock to be owned by the producer within the last 60 days of the insurance period or the endorsement is terminated with premium owed, but no indemnities payable.

PM-23-026: Hurricane Insurance Protection-Wind Index (HIP-WI) - Updated IBTrACS dataset for 2022 hurricane season

On May 15, 2023, the International Best Track Archive for Climate Stewardship (IBTrACS) updated the dataset for the 2022 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:

Actuarial Release 23-018

As of May 31, 2023 the following information is now available on the FTP site:

  • 2022 Actuarial Data Master for the 8/31, 11/30, 1/31 Filing Date, YTD, and Daily Files.
  • 2023 Actuarial Data Master for the 4/30, 8/31 Filing Date, YTD, and Daily Files.

Users can find this information in the following directories:

PM-23-024: Public Feedback on Prevented Planting - CORRECTION

Background

Prevented planting is a feature of many crop insurance plans that provides a payment to cover certain pre-plant costs for a crop that was prevented from being planted due to an insurable cause of loss. The Federal Crop Insurance Corporation (FCIC) published a Request for Information in the Federal Register on May 23, 2023, soliciting public comments on possible changes to the prevented planting provisions of the Common Crop Insurance Policy (CCIP), Basic Provisions.

PM-23-024: Public Feedback on Prevented Planting

Background

Prevented planting is a feature of many crop insurance plans that provides a payment to cover certain pre-plant costs for a crop that was prevented from being planted due to an insurable cause of loss. The Federal Crop Insurance Corporation (FCIC) published a Request for Information in the Federal Register on May 23, 2023, soliciting public comments on possible changes to the prevented planting provisions of the Common Crop Insurance Policy (CCIP), Basic Provisions.

Actuarial Release 23-017

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

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

Users can find this information in the following directories:

  • 2024 Actuarial Data Master are in the References/Actuarial_Data_Master/2024 directory.
  • 2024 Special Provisions are in the Special_Provisions/2024 directory.

Additional notes and details regarding this data release:

PM-23-023: 2023 Price B for Cotton Quality Adjustment

Background

In accordance with the Special Provisions, Price B will be established by adding premiums and/or discounts associated with the predominant cotton quality characteristics, as determined by the Farm Service Agency, to the Upland and Extra Long Staple (ELS) Cotton National Average Loan Rates. The predominant quality characteristics of cotton in each state are determined from the most recent three years of Agricultural Marketing Service cotton classing data.

PM-23-022: Livestock Risk Protection, Livestock Gross Margin, and Dairy Revenue Protection - Modifications Effective for 2024 and Succeeding Crop Years

Background 

The Federal Crop Insurance Corporation (FCIC) Board of Directors (Board) approved revisions to the Livestock Risk Protection (LRP)-Fed Cattle plan of insurance under section 508(h) of the Federal Crop Insurance Act on February 17, 2023, and April 19, 2023. The FCIC Board also approved revisions to the Livestock Gross Margin (LGM) plans of insurance under section 508(h) of the Federal Crop Insurance Act on May 19, 2022, and April 19, 2023. Updates were also made to the Dairy Revenue Protection (DRP) program.

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