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Final Agency Determination: FAD-286

Subject: A request dated September 10, 2018, to the Risk Management Agency (RMA) requesting a Final Agency Determination for the 2015 crop year regarding the interpretation of sections 12 and 14 of the Common Crop Insurance Policy Basic Provisions (Basic Provisions) and section 8 of the Cotton Crop Provisions, published at 7 C.F.R. § 457.8. This request is pursuant to 7 C.F.R. § 400, subpart X.

Background:

Referenced policy related to the request:

The Basic Provisions state, in relevant part:

PM-19-009: Sugar Beet Crop Insurance Underwriting, Loss Adjustment Procedures, and Frequently Asked Questions (FAQ)

Background

The Risk Management Agency (RMA) revised the Sugar Beet Crop Provisions to incorporate changes made in the Final Rule published in the Federal Register on September 10, 2018. The Sugar Beet Underwriting procedures and Loss Adjustment Standards Handbook are effective for the 2019 and succeeding crop years in states with a November 30 contract change date, and for the 2020 and succeeding crop years in all other states. The intended effect of the underwriting and loss procedures is to reflect changes in the revised Sugar Beet Crop Provisions.

MGR-19-001: 2019 and 2020 Crop Year County Perennial and Spring Crops Program Expansion

Background

The Federal Crop Insurance Corporation has expanded the number of counties where certain crops are insurable for the 2019 and 2020 crop year. The following attachments, 2019 Expansion of Existing Perennial and Spring Crops Programs and 2020 Expansion of Existing Perennial Crops Programs, lists the expansion by crop, state, and county for permanently-established (non-pilot) programs.

Action

Approved Insurance Providers should advise producers of the expanded county crop programs for the 2019 and 2020 crop year.

Attachments

Actuarial Release 19-004

As of February 01, 2019 the following information is now available on the FTP site:

  • 2019 Actuarial Data Master for the 11/30 Filing Date, YTD, and Daily Files.

Users can find this information in the following directories:

  • 2019 Actuarial Data Master are in the References/Actuarial_Data_Master/2019 directory.

Additional notes and details regarding this data release:

2019 Prices and volatilities are updated, reference PM-19-008, 11/30 filing.

PM-19-007: Florida Fruit Tree Crop Provisions - 2020 and Succeeding Crop Years

The Risk Management Agency (RMA) has revised the Florida Fruit Tree Crop Provisions to clarify definitions and unit structures, adjust the period when insurance attaches, and remove restrictions on written agreements.” The Florida Fruit Tree Crop Provisions (2020-0014) are effective for the 2020 and succeeding crop years.

Action

RMA will place, by close of business today, the Florida Fruit Tree Crop Provisions for the 2020 crop year on the RMA website at www.rma.usda.gov/.

Final Agency Determination: FAD-283

Subject: Request dated September 18, 2018, to the Risk Management Agency (RMA) requesting a Final Agency Determination for the 2016 crop year regarding the interpretation of section 4(b) of the Common Crop Insurance Policy Basic Provisions (Basic Provisions), published at 7 C.F.R. § 457.8. This request is pursuant to 7 C.F.R. § 400, subpart X.

Background:

The Basic Provisions states, in relevant part:

1. Definitions.

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PM-19-006: 2019 Crop Year (CY) Commodity Exchange Price Provisions (CEPP) – Peanut Factors – March 15, 2019, Sales Closing Date

Background

The CEPP peanut factors necessary to establish the insured’s amount of protection under the peanut program for the 2019 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, 2019, to February 28, 2019. These factors apply only to states with a Sales Closing Date (SCD) of March 15, 2019 and are determined in accordance with the Peanut Price Methodology guidelines.

Actuarial Release 19-003

As of January 29, 2019 the following information is now available on the FTP site:

  • 2019 Actuarial Data Master for the 11/30, 1/31 Filing Date, YTD, and Daily Files.

Users can find this information in the following directories:

  • 2019 Actuarial Data Master are in the References/Actuarial_Data_Master/2019 directory.

Additional notes and details regarding this data release:

PM-19-005: 2019 Crop Year (CY) Common Crop Insurance Policy and Margin Protection Projected Prices and Volatility Factors

Common Crop Insurance Policy1

The 2019 CY projected prices shown below are approved for the Yield Protection, Revenue Protection and Revenue Protection with Harvest Price Exclusion plans of insurance. The 2019 CY volatility factors shown below are approved for the Revenue Protection and Revenue Protection with Harvest Price Exclusion plans of insurance.

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