Background

On November 15, 2019, the Federal Crop Insurance Corporation Board of Directors approved the Hurricane Insurance Protection – Wind Index (HIP-WI) Endorsement. It is available for the 2020 crop year for both Catastrophic (CAT) and additional coverage for Common Crop Insurance Policy Basic Provisions policies, when provided in the actuarial documents, in counties located in the vicinity of the Gulf of Mexico and the Atlantic Ocean, as well as Hawaii.

Background

The Risk Management Agency is receiving questions regarding what factors approved insurance providers (AIPs) should consider when determining whether a cause of loss is present that could prevent planting, resulting in the denial of an insured’s request to increase their prevented planting (PP) coverage level.

Section 17(b)(4) of the 2020 Basic Provisions states:

As of February 20, 2020 the following information is now available on the FTP site:

• 2019 Actuarial Data Master for the 4/30, 8/31 Filing Date, YTD, and Daily Files.
• 2020 Actuarial Data Master for the 4/30 Filing Date, YTD, and Daily Files.

Users can find this information in the following directories:

Background

The Risk Management Agency is receiving questions regarding when prevented planting coverage determinations should be made on added land.

Section 17(f)(12) of the 2020 Basic Provisions states:

(f) Regardless of the number of eligible acres determined in section 17(e), prevented planting coverage will not be provided for any acreage: 
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(12) If a cause of loss has occurred that may prevent planting at the time:

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 February 19, 2020 the following information is now available on the FTP site:

• 2020 Actuarial Data Master for the 4/30, 11/30, 1/31 Filing Date, YTD, and Daily Files.
• 2020 Special Provisions for the 1/31 Filing Date.

Users can find this information in the following directories:I am

• 2020 Actuarial Data Master are in the References/Actuarial_Data_Master/2020 directory.
• 2020 Special Provisions are in the Special_Provisions/2020 directory.

Additional notes and details regarding this data release:

Common Crop Insurance Policy & Area Risk Protection Insurance ¹

Background

On November 15, 2019, Nursery Value Select (NVS) was approved for implementation by the Federal Crop Insurance Corporation Board of Directors. The Risk Management Agency (RMA) developed NVS to make nursery crop insurance more attractive and effective for producers nationwide, along with incorporating feedback from stakeholders on the current program’s shortcomings. This new pilot will provide producers with another risk management option that is more customizable to their specific insurance needs with less paperwork and fewer restrictions.

As of

Background

On December 19, 2019, the Federal Crop Insurance Corporation Board of Directors approved the Hemp APH Insurance Program, a privately developed product submitted under section 508(h) of the Federal Crop Insurance Act. It is available for the 2020 crop year for producers in certain counties in Alabama, California, Colorado, Illinois, Indiana, Kansas, Kentucky, Maine, Michigan, Minnesota, Montana, New Mexico, New York, North Carolina, North Dakota, Oklahoma, Oregon, Pennsylvania, Tennessee, Virginia, and Wisconsin.