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PM-17-029: Commodity Exchange Price Provisions for the 2018 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:

PM-17-031: Conservation Compliance - Premium subsidy for policyholders who used the “began farming after June 1” exception for the 2016 reinsurance year and a reminder about upcoming June 1 deadline for reinsurance year 2018

Background

In accordance with the Common Crop Insurance Policy Basic Provisions and the regulations contained in 7 C.F.R part 12, policyholders are required to file form AD-1026 with the Farm Service Agency (FSA) on or before June 1 prior to the beginning of the reinsurance year to be eligible for Federal crop insurance premium subsidy.

PM-17-032: California Prune Counties - 2017 Crop Year Prune Reference Date and Average Dry Count per Pound

Background

This Informational Memorandum establishes the 2017 crop year Prune Reference Date and provides Approved Insurance Providers with the average dry prune count per pound for calculating second-period immature prune appraisals. Each year the Davis Regional Office (DRO) establishes the Prune Reference Date. This date occurs one to two weeks after prune pit tip hardening when 80 to 90 percent of the seed shows the presence of endosperm, a clear jelly-like substance at the bloom end of the seed.

PM-17-035: Triticale Crop Provisions - 2018 and Succeeding Crop Years

Background

The Federal Crop Insurance Corporation Board of Directors approved the Triticale insurance program, a privately developed product that was submitted and approved under section 508(h) of the Federal Crop Insurance Act. Triticale insurance provides coverage for damage resulting from naturally occurring events. Beginning with the 2018 crop year, the Triticale insurance program will be available in select counties in California, Idaho, Kansas, Oklahoma, Oregon, Texas, and Washington.

Actuarial Release 20-053

As of November 19, 2020 the following information is now available on the FTP site:

  • 2020 Actuarial Data Master for the 4/30, 8/31 Filing Date, YTD, and Daily Files.
  • 2021 Actuarial Data Master for the 11/30, 12/31 Filing Date, YTD, and Daily Files.
  • 2021 Special Provisions for the 11/30, 12/31 Filing Date.

Users can find this information in the following directories:

PM-20-078: Enhanced Coverage Option (ECO) Endorsement Effective for the 2021 and Succeeding Crop Years

Background

On August 20, 2020, the Federal Crop Insurance Corporation Board of Directors approved the implementation of the ECO, under section 508(h) of the Federal Crop Insurance Act. ECO will be available for the 2021 crop year for select crops with a contract change date of November 30, 2020 or later. ECO provides area-based coverage for a portion of the policyholder’s underlying policy deductible like the Supplemental Coverage Option (SCO).

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