Billings RO: USDA Expands Crop Insurance for Dry Bean and Dry Pea Revenue Programs
News Release
PM-24-082: Flax Revenue and Expanded Unit Options for Crop Insurance Final Rule Effective for the 2025 and Succeeding Crop Years
BACKGROUND:
On November 27, 2024, the Federal Crop Insurance Corporation (FCIC) published a final rule in the Federal Register that amended the Area Risk Protection Insurance (ARPI), Basic Provisions, and various Crop Provisions.
The following changes apply for the 2025 and succeeding crop years for the November 30, 2024, contract change date and for the 2026 and succeeding crop years for crops with earlier contract change dates:
USDA Expands Revenue Protection to Flax Producers, Expands Options for Specialty and Organic Growers
News Release
PM-24-081: Weaned Calf Risk Protection Crop Insurance Changes Effective for the 2025 and Succeeding Crop Years
BACKGROUND:
The Federal Crop Insurance Corporation (FCIC) Board of Directors approved changes to the Weaned Calf Risk Protection crop insurance program, under section 508(h) of the Federal Crop Insurance Act, on August 22, 2024.
The following changes are applicable for the 2025 and succeeding crop years:
PM-24-080: 2025 Crop Year Organic Cotton Price Premium, Organic Flax Price Factor, Grain Sorghum Price Factor, Popcorn Price Factors, Organic Rice Price Factor, and Sunflower Price Factors
BACKGROUND:
The Risk Management Agency (RMA) derives prices for certain programs by applying factors and premiums in accordance with the Commodity Exchange Price Provisions (CEPP). The factors and premiums for organic cotton, organic flax, grain sorghum, popcorn, organic popcorn, rice, confectionery sunflowers, and organic sunflowers are provided below.
Actuarial Release 24-049
As of November 26, 2024 the following information is now available on the FTP site:
- 2024 Actuarial Data Master for the 4/30, 8/31 Filing Date, YTD, and Daily Files.
- 2025 Actuarial Data Master for the 6/30, 8/31, 11/30 Filing Date, YTD, and Daily Files.
- 2025 Special Provisions for the 11/30 Filing Date.
Users can find this information in the following directories:
PM-24-079: 2024 Crop Year Rainfall Index August – September Index Interval Final Grid Indices for Annual Forage (Growing Seasons 7, 8, 9, 10, 11, and 12), Apiculture, and PRF, March – September Catastrophic Final Grid Indices for Annual 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: