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The Risk Management Agency has been asked whether Federal Crop Insurance Corporation (FCIC) published prices released in the latter part of the prior policy year can be considered appropriate when establishing an expected value for a commodity under WFRP when the prices for that commodity have declined prior to the application for WFRP. The WFRP Pilot Policy provides direction on how to address this situation.
As of February 16, 2024 the following information is now available on the FTP site:
Users can find this information in the following directories:
Additional notes and details regarding this data release:
For the Common Crop Insurance Policy and Area Risk Protection Insurance, the Risk Management Agency (RMA) approved 2024 CY projected prices and price volatility factors for insurance offers with a projected price discovery period of January 15, 2024, through February 14, 2024. These values may be viewed in the attachment and on RMA’s Price Discovery portal, located here: public-rma.fpac.usda.gov/apps/PriceDiscovery.
As of February 07, 2024 the following information is now available on the FTP site:
Users can find this information in the following directories:
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:
Additional Price Election:
In accordance with section 3(e)(1) of the Basic Provisions, the Risk Management Agency is providing an additional price (a new Maximum Over Established Price) for contracted flue-cured tobacco covered by the Tobacco Policy.
For the Common Crop Insurance Policy and Area Risk Protection Insurance, the Risk Management Agency (RMA) approved 2024 CY projected prices and price volatility factors for insurance offers with a projected price discovery period of January 1, 2024, through January 31, 2024. These values may be viewed in the attachment and on RMA’s Price Discovery portal, located here: public-rma.fpac.usda.gov/apps/PriceDiscovery.
These values will also be available at the following locations on RMA’s website by February 5, 2024:
Subject: Request dated December 15, 2023, submitted to the Risk Management Agency (RMA) for a Final Agency Determination (FAD) of section 14(b) of the Common Crop Insurance Policy (CCIP), Basic Provisions for the 2021 crop year, published at 7 C.F.R. §457.8, as it relates to the Sweet Cherry Crop Provisions.
References:
The CCIP Basic Provisions state in relevant part:
1. Definitions
As of February 01, 2024 the following information is now available on the FTP site:
Users can find this information in the following directories:
Additional notes and details regarding this data release:
