Oklahoma City RO: USDA Makes Improvements to the Weaned Calf Risk Protection Program
News Release
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:
PM-24-078: Sesame Crop Provisions Changes Effective for the 2025 and Succeeding Crop Years
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:
PM-24-030.1: 2024 Price B for Cotton Quality Adjustment - Update
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.
PM-24-077: Tobacco Contracting Entity Eligibility
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.