Common Crop Insurance Policy & Area Risk Protection Insurance ^1,2

The 2015 CY harvest prices shown below are approved for the following plans of insurance: Revenue Protection, Area Revenue Protection, Revenue Protection with Harvest Price Exclusion and Area Revenue Protection – Harvest Price Exclusion. The harvest prices are applicable for the crops, types, practices, sales closing dates and states indicated in the following table.

As of October 28, 2015 the following information is now available on the FTP site:

• 2016 Actuarial Data Master for the 10/31 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:

2016 ADM prices issued for insurance plans 31, 40, and 90 commodities, 10/31 filing.

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 for the Federal crop insurance program. Further, this Circular requires agencies with high-priority programs to establish annual or semi-annual supplemental measures for reducing improper payments.

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:

As of October 27, 2015 the following information is now available on the FTP site:

• 2015 Actuarial Data Master for the 4/30, 8/31 Filing Date, YTD, and Daily Files.

Users can find this information in the following directories:

• 2015 Actuarial Data Master are in the References/Actuarial_Data_Master/2015 directory.

Additional notes and details regarding this data release:

Background

The 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 for the Federal crop insurance program.

As of October 20, 2015 the following information is now available on the FTP site:

• 2016 Actuarial Data Master for the 11/30, 12/31 Filing Date, YTD, and Daily Files.
• 2016 Special Provisions for the 11/30, 12/31 Filing Date.

Users can find this information in the following directories:

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

Additional notes and details regarding this data release:

Common Crop Insurance Policy ¹

The 2016 CY projected prices shown below are approved for the Yield Protection, Revenue Protection, and Revenue Protection with Harvest Price Exclusion plans of insurance. The 2016 CY volatility factors shown below are approved for the Revenue Protection and Revenue Protection with Harvest Price Exclusion plans of insurance. The projected prices and volatility factors are applicable for the crops, types, practices, sales closing date, and states indicated in the following table.

As of October 15, 2015 the following information is now available on the FTP site:

• 2016 Actuarial Data Master for the 4/30, 6/30 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:

On August 12, 2015, AgriLogic Consulting, LLC (AgriLogic) the developers of the Texas Citrus Tree plan of insurance, advised the Federal Crop Insurance Corporation (FCIC) Board of Directors (Board) of their intent to maintain the Texas Citrus Tree plan of insurance and charge a user fee to approved insurance providers (AIP) selling the plan.  Section 522(b)(4)(C) of the Federal Crop Insurance Act (Act) allows submitters to transfer approved 508(h) products to FCIC for maintenance, or maintain the policy and charge a user fee to AIP’s that elect to sell the policy.