PM-24-087: Educational Tools for Hurricane Insurance Protection - Wind Index and the Tropical Storm Option
BACKGROUND:
The Risk Management Agency (RMA) developed HIP-WI in 2020 and TS in 2023. Since implementation, these programs have paid over $1.5 billion within a few weeks after each tropical cyclone. In 2024 alone, five hurricanes triggered $770 million in payments across nine states (Hurricanes Beryl, Debby, Francine, Helene, and Milton).
PM-24-086: 2025 Crop Year Commodity Exchange Price Provisions – Peanuts Factors: January 31, 2025, Sales Closing Date
BACKGROUND:
The CEPP – Peanuts factors necessary to establish the insured’s amount of protection under the peanut program for the 2025 CY are identified below. The factors are applied to the commodity prices for wheat, cotton, soybean oil, and soybean meal during the discovery period of December 15, 2024, to January 14, 2025. These factors apply only to states with an SCD of January 31, 2025.
Actuarial Release 24-052
As of December 12, 2024 the following information is now available on the FTP site:
- 2025 Actuarial Data Master for the 8/31 Filing Date, YTD, and Daily Files.
Users can find this information in the following directories:
- 2025 Actuarial Data Master are in the References/Actuarial_Data_Master/2025 directory.
Additional notes and details regarding this data release:
2025 RY ADM Price updated to issue additional prices for Almonds, reference PM-24-085, 8/31 filing.
PM-24-085: 2025 Crop Year Additional Price Elections for Almonds
In accordance with section 3(e)(1) of the Basic Provisions, the Risk Management Agency is providing additional price elections for almonds.
| 2025 CY Almond Additional Price Elections ($/pound) | ||
|---|---|---|
| Practice | Additional Price | Established Price |
| Conventional | $2.00 | $1.80 |
| Organic | $3.00 | $2.70 |
DISPOSAL DATE:
December 31, 2025
COM-24-007: Revised RY 2025 SRA Appendix IV Review Matrix for Fire Insurance Protection – Smoke Index (FIP–SI) Endorsement Review Requirements
BACKGROUND:
The FIP-SI endorsement is available for grapes grown in California starting with the 2025 crop year. The sales closing date is January 31, 2025, for the 2025 crop year.