USDA’s Insurance Option Offers First of Its Kind Risk Management Tool for Cow-Calf Producers
News Release
PM-23-058
Background
On May 18, 2023, the Federal Crop Insurance Corporation Board of Directors approved the Shellfish pilot insurance program under section 523 of the Federal Crop Insurance Act. Features of the program effective for 2024 and succeeding crop years include:
PM-23-057
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:
COM-23-002
Background
Rebating and inducements to purchase crop insurance are strictly prohibited by the Federal Crop Insurance Act (Act) and the Standard Reinsurance Agreement, with limited exceptions authorized by the Act. This memo is to remind you that offering or receiving any rebate or inducement not allowed by the insurance policy is strictly prohibited in the Federal Crop Insurance Program.
PM-23-056
Additional Price Elections:
In accordance with section 3(e)(1) of the Basic Provisions, the Risk Management Agency is providing additional price elections for peaches covered by the Peach Policy.
PM-23-055
Background
On May 18, 2023, Controlled Environment (CE) pilot crop insurance program was approved for implementation by the Federal Crop Insurance Corporation Board of Directors. The Risk Management Agency (RMA) developed CE, which provides coverage for CE plants, when impacted by a disease, and are required to be destroyed under a destruction order.
Actuarial 23-038
As of September 22, 2023 the following information is now available on the FTP site:
- 2024 Actuarial Data Master for the 9/30 Filing Date, YTD, and Daily Files.
Users can find this information in the following directories:
- 2024 Actuarial Data Master are in the References/Actuarial_Data_Master/2024 directory.
Additional notes and details regarding this data release:
2024 RY ADM Prices issued for the 9/30 filing.