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PM-20-043: 2021 Appendix III - Standard Reinsurance Agreement and Livestock Price Reinsurance Agreement

The 2021 Appendix III to the Standard Reinsurance Agreement and the Livestock Price Reinsurance Agreement (Appendix III) has been updated with approved modifications. Appendix III is available electronically via the Risk Management Agency (RMA) website at www.rma.usda.gov/Policy-and-Procedure under the Appendix III/M-13 directory.

Modifications in the 2021 Appendix III include the following crop insurance program changes:

PM-20-042: Livestock Risk Protection for Feeder Cattle, Fed Cattle, and Swine Revisions for the 2021 and Succeeding Crop Years

Background

The Federal Crop Insurance Corporation's Board of Directors (Board) approved revisions to the Livestock Risk Protection (LRP) plan of insurance for Feeder Cattle, Fed Cattle, and Swine, under section 508(h) of the Federal Crop Insurance Act, on May 21, 2020. The following revisions are applicable for the 2021 and succeeding crop years:

PM-20-039: Pulse Crop Revenue 508(h) Expansion Effective for the 2021 and Succeeding Crop Years

Background

The Federal Crop Insurance Corporation Board of Directors approved changes to the Pulse Crop Revenue program which includes the Dry Bean Revenue Endorsement (DBRE) and Dry Pea Revenue Endorsement (DPRE), under section 508(h) of the Federal Crop Insurance Act, on May 21, 2020.

The following changes are applicable for the 2021 and succeeding crop years:

PM-20-038: Sugarcane Actual Production History Plan of Insurance and Sugarcane Crop Replacement Endorsement (CRE) Changes Effective for the 2021 and Succeeding Crop Years

Background

On March 5, 2020, the Federal Crop Insurance Corporation Board of Directors (Board) approved policy changes, submitted by private submitters, to the Sugarcane Actual Production History (APH) plan of insurance for the 2021 and succeeding crop years in accordance with Section 508(h) of the Federal Crop Insurance Act (Act).

PM-20-037: 2020 Crop Year Rainfall Index March – April Index Interval Final Grid Indices for Annual Forage, Apiculture, and Pasture, Rangeland, 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-20-036: Commodity Exchange Price Provisions for the 2021 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:

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