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Final Agency Determination: FAD-311

Subject: A request dated May 24, 2022, was submitted to the Risk Management Agency (RMA) for a final agency determination for the 2019 crop year of section 11(b) of the Tobacco Crop Provisions, published at 7 C.F.R. §457.136. This request is pursuant to 7 C.F.R. § 400, Subpart X.

Reference:

The relevant policy provisions and handbook procedures are:

The Tobacco Crop Provisions (17-0071) state, in the relevant part:

11. Duties In The Event of Damage or Loss.

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Actuarial Release 22-028

As of July 08, 2022 the following information is now available on the FTP site:

  • 2021 Actuarial Data Master for the 8/31, 11/30, 12/31 Filing Date, YTD, and Daily Files.

Users can find this information in the following directories:

  • 2021 Actuarial Data Master are in the References/Actuarial_Data_Master/2021 directory.

Additional notes and details regarding this data release:

PM-22-044: 2021 Crop Year Supplemental Coverage Option (SCO) and Stacked Income Protection Plan (STAX) Final Area Yields and Final Area Revenues for Cotton; 2021 Crop Year Supplemental Coverage Option Final County Yields for Cotton Ex Long Staple,...

Actuarial Release 22-027

As of July 01, 2022 the following information is now available on the FTP site:

  • 2022 Actuarial Data Master for the 6/30, 11/30 Filing Date, YTD, and Daily Files.

Users can find this information in the following directories:

  • 2022 Actuarial Data Master are in the References/Actuarial_Data_Master/2022 directory.

Additional notes and details regarding this data release:

2022 ADM Price updated for the harvest price announcement, PM-22-043, 6/30 and 11/30 filings.

PM-22-042: Crop Insurance Reporting and Other Changes (CIROC) Final Rule Effective for the 2023 and Succeeding Crop Years

Background

The Federal Crop Insurance Corporation (FCIC) amended the Common Crop Insurance Provisions Basic Provisions, Area Risk Protection Insurance Basic Provisions, and 20 individual Crop Provisions for the 2023 and succeeding crop years for the June 30, 2022, contract change date and for the 2024 crop year for crops with a contract change date prior to June 30, 2022, with the following changes:

PM-22-041: 2023 Appendix III - Standard Reinsurance Agreement and Livestock Price Reinsurance Agreement

Background

The 2023 Appendix III to the Standard Reinsurance Agreement and the Livestock Price Reinsurance Agreement (Appendix III) has been updated with approved modifications. Appendix III will be available tomorrow electronically via the Risk Management Agency (RMA) website at www.rma.usda.gov/policy-procedure/appendix-iiim-13-handbook-index under the Appendix III/M-13 directory.

PM-22-040: Commodity Exchange Price Provisions for the 2023 and Succeeding Crop Years

Background

The Commodity Exchange Price Provisions (CEPP) are used in conjunction with either the Common Crop Insurance Policy Basic Provisions or the Area Risk Protection Insurance Basic Provisions, along with Crop Provisions for the following crops: barley, canola/rapeseed, corn, cotton, grain sorghum, rice, soybeans, sunflowers, and wheat.

The CEPP specifies how and when the projected and harvest price components will be determined. The CEPP contains two sections:

Actuarial Release 22-026

As of June 27, 2022 the following information is now available on the FTP site:

  • 2023 Actuarial Data Master for the 6/30 Filing Date, YTD, and Daily Files.
  • 2023 Special Provisions for the 6/30 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-22-039: Grass Seed Changes Effective for the 2023 and Succeeding Crop Years

Background

The Risk Management Agency (RMA) revised the Grass Seed Crop Provisions to clarify how producers can use prices from their production contracts for crop insurance purposes. Specifically, if producers have multiple contracts with different prices, the clarifications illustrate how to calculate a weighted average price. RMA also increased the maximum contract price factor from 1.20 to 1.60 and moved the factor to the actuarial documents so that it can be updated more easily in the future.

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