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Actuarial Release 16-023

As of May 11, 2016 the following information is now available on the FTP site:

  • 2016 Actuarial Data Master for the 4/30, 6/30, 8/31, 11/30 Filing Date, YTD, and Daily Files.

Users can find this information in the following directories:

  • 2016 Actuarial Data Master are in the References/Actuarial_Data_Master/2016 directory.

Additional notes and details regarding this data release:

PM-16-026: Area Risk Protection Insurance Basic Provisions and Forage Production Crop Provisions for the 2017 and succeeding crop years

Background

The Risk Management Agency (RMA) has revised the Area Risk Protection Insurance (ARPI) Basic Provisions (17-ARPI) and ARPI Forage Production Crop Provisions (17-ARPI-0033) for the 2017 and succeeding crop years. The provisions were revised to do the following:

PM-16-024: 2016 Price B for Cotton Quality Adjustment

Background

Consistent with the Special Provisions statement in lieu of section 10(d)(1) of the Upland and ELS Cotton Crop Provisions, Price B will be established by adding premiums or discounts associated with the predominant cotton quality characteristics as determined by the Farm Service Agency (FSA) to the Upland and ELS Cotton National Average Loan Rate. The predominant quality characteristics of cotton in each state are determined from the most recent three years of Agricultural Marketing Service cotton classing data.

PM-16-025: Margin Protection Plan of Insurance - Modifications Effective for 2017 and Succeeding Crop Years

Background

The Federal Crop Insurance Corporation Board of Directors (FCIC Board) approved the Margin Protection (MP) Plan of Insurance for corn, wheat, rice and soybeans on June 24, 2014, a privately developed product submitted under section 508(h) of the Federal Crop Insurance Act. For the 2017 crop year, minor changes and technical corrections have been made to the Margin Protection (MP) plan of Insurance.

PM-16-023: Actual Revenue History Strawberry – 2017 and Succeeding Crop Year

Background

Changes have been made to the Actual Revenue History Strawberry Policy based on recommendations resulting from a contracted evaluation and approved by the Federal Crop Insurance Corporation Board of Directors.

The following revisions have been made to the Actual Revenue History Strawberry plan program for the 2017 crop year:

Actuarial Release 16-022

As of April 26, 2016 the following information is now available on the FTP site:

  • 2015 Actuarial Data Master for the 8/31 Filing Date, YTD, and Daily Files
  • 2016 Actuarial Data Master for the 2/28 Filing Date, YTD, and Daily Files.

Users can find this information in the following directories:

Actuarial Release 16-021

As of April 22, 2016 the following information is now available on the FTP site:

  • 2016 Actuarial Data Master for the 11/30 Filing Date, YTD, and Daily Files.
  • 2017 Actuarial Data Master for the 4/30 Filing Date, YTD, and Daily Files.
  • 2017 Special Provisions for the 4/30 Filing Date.

Users can find this information in the following directories:

COM-16-003: Risk Management Agency Improper Payments Reviews

BACKGROUND

The United States Department of Agriculture (USDA), Risk Management Agency (RMA) is required annually, in accordance with Appendix C of the Office of Management and Budget (OMB) Circular No. A-123, Requirements for Effective Estimation and Remediation of Improper Payments dated October 20, 2014, to estimate and report an improper payment rate using a statistically selected, statistically valid sample of policies for the Federal crop insurance program.

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