Background

On November 19, 2020, RMA released the 2021 Enhanced Coverage Option Endorsement (21-ECO) and 2021 Enhanced Coverage Option Insurance Standards Handbook (FCIC-24400) on the RMA website. ECO provides area-based coverage for a portion of the policyholder’s underlying policy deductible like the Supplemental Coverage Option (SCO). The underlying policy must be under the Basic Provisions of the Common Crop Insurance Policy –Yield Protection, Revenue Protection, Revenue Protection with the Harvest Price Exclusion, Yield Based Dollar Amount of Insurance, and APH policies.

Background

In accordance with Section 8 of the Rainfall and Vegetation Index Plan Common Policy Basic Provisions, final grid indices and payment calculation factors have been determined and approved for the following:

As of

Additional Price Elections:

In accordance with section 3(e)(1) of the Basic Provisions, RMA is providing additional price elections for selected APH and SCO dry bean types and dry pea types with a March 15, 2017 SCD.

Background

The CEPP - Peanuts factors necessary to establish the insured’s amount of protection under the peanut program for the 2021 CY are identified below. The factors are applied to the commodity prices for wheat, cotton, soybean oil, and soybean meal during the discovery period of December 15, 2020 to January 14, 2021. These factors apply only to states with a Sales Closing Date (SCD) of January 31, 2021.

As of December 09, 2020 the following information is now available on the FTP site:

• 2021 Actuarial Data Master for the 4/30, 11/30, 12/31 Filing Date, YTD, and Daily Files.
• 2021 Special Provisions for the 11/30 Filing Date.

Users can find this information in the following directories:

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

Additional notes and details regarding this data release:

Background

Appendix IV, section III(b)(3)(A) of the Standard Reinsurance Agreement (SRA) and the Livestock Price Reinsurance Agreement (LPRA) requires Approved Insurance Providers (AIPs) to conduct Conflict of Interest (COI) reviews. In accordance with the Guidance for Updating the SRA Appendix IV Review Matrix, AIPs are to conduct COI reviews on ECICs provided by FCIC on the COI report in AIP HyDRA. Livestock price insurance contracts will be included in the Fall 2020 COI list, but will be removed from the Spring 2021 COI list.

As of December

Common Crop Insurance Policy & Area Risk Protection Insurance ^1,2

The 2020 CY harvest prices shown below are approved for the following plans of insurance: Revenue Protection, Area Revenue Protection, Revenue Protection with Harvest Price Exclusion and Area Revenue Protection – Harvest Price Exclusion. The harvest prices are applicable for the crops, practices, sales closing dates and states indicated in the following table.

Background

The Risk Management Agency (RMA) is revising the Special Provisions of insurance for the flue cured and burley types of tobacco. The revisions were made based on stakeholder feedback. These changes will help improve the integrity of the program and make it more sustainable going forward. The changes include: