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Final Agency Determination: FAD-241

Subject: Two requests dated July 16, 2015, and July 25, 2015, to the Risk Management Agency (RMA) requesting a Final Agency Determination for the 2014 and subsequent crop years regarding the interpretation of section 17(e)(1) of the Common Crop Insurance Basic Provisions (Basic Provisions), published at 7 C.F.R. § 457.8. This request is pursuant to 7 C.F.R. § 400, subpart X.

Background:

Referenced policy and procedure in request:

Section 17(e)(1) of the Basic Provisions states:

PM-15-044: Rainfall and Vegetation Index Pasture, Rangeland, Forage and Apiculture Modifications Effective for 2016 and Succeeding Crop Years

Background

The Federal Crop Insurance Corporation (FCIC) Board of Directors (Board) approved the following modifications to the Pasture, Rangeland, Forage (PRF) pilot program beginning with the 2016 crop year:

Actuarial Release 15-035

As of August 31, 2015 the following information is now available on the FTP site:

  • 2016 Actuarial Actuarial Data Master for the 8/31 Filing Date, YTD, and Daily Files.
  • 2016 Special Provisions for the 8/31 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:

Actuarial Release 15-034

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

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

PM-15-043: Whole-Farm Revenue Protection Pilot Plan of Insurance Modifications

Background

The Agricultural Act of 2014 (Farm Bill) instructed the Risk Management Agency (RMA) to develop a whole-farm diversified risk management plan of insurance. The Federal Crop Insurance Corporation Board of Directors (Board) approved the WFRP pilot plan of insurance effective for the 2015 insurance year (see MGR-14-021), which also included expansion to all counties in all states upon completion of actuarial and underwriting activities.

Final Agency Determination: FAD-240

Subject: Request dated June 5, 2015, to the Risk Management Agency (RMA) requesting a Final Agency Determination (FAD) for the 2010 through 2014 crop years of 7 CFR § 400.176(b). This request is pursuant to 7 C.F.R. § 400, subpart X.

Background:

Section 31 of the Common Crop Insurance Policy Basic Provisions (Basic Provisions) (7 C.F.R. § 457.8) provides:

Actuarial Release 15-033

As of August 25, 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:

PM-15-042: 2015 CY Rainfall Index May – June Index Interval Final Grid Indices for Apiculture, Annual Forage and PRF; 2015 CY Vegetation Index April – June Index Interval Final Grid Indices for PRF and Apiculture

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:

Actuarial Release 15-032

As of August 18, 2015 the following information is now available on the FTP site:

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

PM-15-041: 2016 Crop Year Common Crop Insurance Policy Projected Prices and Volatility Factors Announcement

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 crop, types, and states indicated in the following table.

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