PM-20-087: Hemp Actual Production History (APH) Insurance Program Changes Effective for the 2021 and Succeeding Crop Years
Background
The Federal Crop Insurance Corporation Board of Directors approved modifications to the Hemp APH Insurance Program, under section 508(h) of the Federal Crop Insurance Act, on August 20, 2020.
The following changes are applicable for the 2021 and succeeding crop years:
PM-20-086: Area Risk Protection Insurance Basic Provisions, Common Crop Insurance Policy Basic Provisions, Sunflower Seed Crop Provisions, and Dry Pea Crop Provisions Changes Effective for the 2021 and Succeeding Crop Years
Background
The Federal Crop Insurance Corporation (FCIC) revised the Area Risk Protection Insurance (ARPI) Basic Provisions, Common Crop Insurance Policy (CCIP) Basic Provisions, Sunflower Seed Crop Provisions, and Dry Pea Crop Provisions for the 2021 and succeeding crop years for crops with a contract change date on or after November 30, 2020, and for all other crops, the changes are applicable for the 2022 and succeeding crop years. The changes include:
ARPI Basic Provisions:
PM-20-085: Sweet Potato Crop Provisions Changes Effective for the 2021 and Succeeding Crop Years
Background
The Federal Crop Insurance Corporation Board of Directors approved changes to the Sweet Potato crop insurance program, under section 508(h) of the Federal Crop Insurance Act, on August 20, 2020.
The following changes are applicable for the 2021 and succeeding crop years:
Actuarial Release 20-056
As of November 27, 2020 the following information is now available on the FTP site:
- 2021 Actuarial Data Master for the 11/30 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:
PM-17-010: 2016 Crop Year Rainfall Index November – December Index Interval Final Grid Indices for Apiculture and Pasture, Rangeland, Forage; 2017 Crop Year Rainfall Index November – December Index Interval Final Grid Indices for Annual Forage
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:
PM-17-009: Whole-Farm Revenue Protection (WFRP) and Catastrophic Risk Protection for Winter Type Wheat and Similar Commodities
Background
To ensure actuarial soundness, the Whole-Farm Revenue Protection (WFRP) policy is not available to producers with a Catastrophic Risk Protection (CAT) policy for any crop that would be insurable under WFRP. Questions have been raised regarding producers that have a CAT policy in effect for winter wheat in counties where spring wheat is not insurable and no wheat was planted during the planting period for winter wheat. The relevant section of the WFRP policy is stated below.
Section 3 of the WFRP Basic Provisions states the following:
PM-17-007: 2017 Crop Year (CY) Common Crop Insurance Policy and Area Risk Protection Insurance Projected Prices and Volatility Factors
Common Crop Insurance Policy & Area Risk Protection Insurance 1, 2
PM-17-006: Whole-Farm Revenue Protection (WFRP) and Commodities with Multiple Commodity Codes
Background
Due to changes in WFRP commodity lists for the 2017 crop year, some commodities may now have multiple commodity codes available, a primary commodity code, and separate commodity codes related to specific types or practices of the commodity. For example, actuarial documents may list the primary commodity code and separate commodity codes for specific types or practices, such as Fresh Market and Processing, or Irrigated, Nonirrigated, Summerfallow, and Continuous cropping.
PM-17-005: 2017 Crop Year (CY) Commodity Exchange Price Provisions (CEPP) – Peanut Factors – March 15, 2017 Sales Closing Date
Background
The CEPP peanut factors necessary to establish the insured’s amount of protection under the peanut program for the 2017 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 February 1, 2017 to February 28, 2017. These factors apply only to states with a Sales Closing Date (SCD) of March 15, 2017. They are determined in accordance with the Peanut Price Methodology guidelines published.