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PM-24-081: Weaned Calf Risk Protection Crop Insurance Changes Effective for the 2025 and Succeeding Crop Years

BACKGROUND:

The Federal Crop Insurance Corporation (FCIC) Board of Directors approved changes to the Weaned Calf Risk Protection crop insurance program, under section 508(h) of the Federal Crop Insurance Act, on August 22, 2024.

The following changes are applicable for the 2025 and succeeding crop years:

PM-24-080: 2025 Crop Year Organic Cotton Price Premium, Organic Flax Price Factor, Grain Sorghum Price Factor, Popcorn Price Factors, Organic Rice Price Factor, and Sunflower Price Factors

BACKGROUND:

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

Actuarial Release 24-049

As of November 26, 2024 the following information is now available on the FTP site:

  • 2024 Actuarial Data Master for the 4/30, 8/31 Filing Date, YTD, and Daily Files.
  • 2025 Actuarial Data Master for the 6/30, 8/31, 11/30 Filing Date, YTD, and Daily Files.
  • 2025 Special Provisions for the 11/30 Filing Date.

Users can find this information in the following directories:

PM-24-078: Sesame Crop Provisions Changes Effective for the 2025 and Succeeding Crop Years

BACKGROUND:

The Federal Crop Insurance Corporation (FCIC) Board of Directors approved changes to the Sesame pilot crop insurance program on November 21, 2024.

The following changes are applicable for the 2025 and succeeding crop years:

  • Allow the contract price to be derived from a formula; and
  • Make non-substantive editorial revisions throughout the policy.

ACTION:

The following documents will be available by November 30, 2024, on the Risk Management Agency (RMA) website at www.rma.usda.gov:

PM-24-077: Tobacco Contracting Entity Eligibility

BACKGROUND:

Beginning with flue cured tobacco in the 2021 crop year, the Risk Management Agency (RMA) has issued two price elections for tobacco. One price for tobacco grown under contract and one price for non-contracted tobacco. Producers who grow both are eligible for a blended price. Additionally, RMA has limited quality adjustment to only apply to contracted tobacco. This pricing structure has since been expanded to burley, dark air, fire cured, and Maryland tobacco.

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