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PM-23-021: Annual Forage Plan of Insurance - Modifications Effective for 2024 and Succeeding Crop Years and Rainfall Index Basic Provisions Changes

Background

The Federal Crop Insurance Corporation’s Board of Directors approved revisions to the Annual Forage plan of insurance under section 508(h) of the Federal Crop Insurance Act on February 17, 2023. The following revisions are applicable for the 2024 and succeeding crop years:

Actuarial Release 23-016

As of April 28, 2023 the following information is now available on the FTP site:

  • 2021 Actuarial Data Master for the 8/31 Filing Date, YTD, and Daily Files.
  • 2022 Actuarial Data Master for the 8/31, 10/31 Filing Date, YTD, and Daily Files.
  • 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:

Actuarial Release 23-015

As of April 25, 2023 the following information is now available on the FTP site:

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

Users can find this information in the following directories:

PM-22-042.4: 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 were planned for public release by their respective contract change dates (CCD).

Actuarial Release 23-014

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

  • 2021 Actuarial Data Master for the 6/30 Filing Date, YTD, and Daily Files.
  • 2022 Actuarial Data Master for the 6/30, 9/30, 11/30 Filing Date, YTD, and Daily Files.
  • 2023 Actuarial Data Master for the 4/30 Filing Date, YTD, and Daily Files.
  • 2024 Actuarial Data Master for the 4/30 Filing Date, YTD, and Daily Files.

Users can find this information in the following directories:

PM-23-018: 2021 Crop Year Supplemental Coverage Option (SCO) Final County Yields for Sugarcane; 2022 Crop Year Margin Protection (MP) Final County Yields, Harvest Revenue and Harvest Margins for Wheat; 2022 Crop Year Area Risk Protection Insurance...

In accordance with Section 15 of the ARPI Crop Provisions, Section 10 of the ECO Endorsement, Section 14 of the MP Crop Provisions, and Section 10 of the SCO Endorsement, approved final county yields, final county revenues, harvest revenues, harvest margins and payment factors for the 2021/2022 crop year will be available by close of business today in the following formats:

Actuarial Release 23-013

As of April 04, 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:

COM-23-001: Risk Management Agency Improper Payment Reviews

Background

The Department of Agriculture (USDA), Risk Management Agency (RMA) is required annually, in accordance with Appendix C of the Office of Management and Budget (OMB) Circular No. A-123, Requirements for Effective Estimation and Remediation of Improper Payments dated October 20, 2014, and the Payment Integrity Information Act of 2019, to estimate and report an improper payment rate using a statistically selected, statistically valid sample of policies for the Federal crop insurance program.

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