BACKGROUND:

The Federal Crop Insurance Corporation (FCIC) Board of Directors approved changes to the Sesame pilot crop insurance program on November 21, 2024.

The following changes are applicable for the 2025 and succeeding crop years:

• Allow the contract price to be derived from a formula; and
• Make non-substantive editorial revisions throughout the policy.

ACTION:

The following documents will be available by November 30, 2024, on the Risk Management Agency (RMA) website at www.rma.usda.gov:

BACKGROUND:

The Farm Service Agency issued a correction to the 2024 Upland Cotton schedule of loan premiums and discounts. The correction resulted in changes to loan differentials for color, leaf, staple, strength, uniformity, and extraneous matter. As a result, the Risk Management Agency’s published Price B for each state has changed.

BACKGROUND:

Beginning with flue cured tobacco in the 2021 crop year, the Risk Management Agency (RMA) has issued two price elections for tobacco. One price for tobacco grown under contract and one price for non-contracted tobacco. Producers who grow both are eligible for a blended price. Additionally, RMA has limited quality adjustment to only apply to contracted tobacco. This pricing structure has since been expanded to burley, dark air, fire cured, and Maryland tobacco.