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As of July 01, 2022 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:
2022 ADM Price updated for the harvest price announcement, PM-22-043, 6/30 and 11/30 filings.
The Federal Crop Insurance Corporation (FCIC) amended the Common Crop Insurance Provisions Basic Provisions, Area Risk Protection Insurance Basic Provisions, and 20 individual Crop Provisions for the 2023 and succeeding crop years for the June 30, 2022, contract change date and for the 2024 crop year for crops with a contract change date prior to June 30, 2022, with the following changes:
The 2023 Appendix III to the Standard Reinsurance Agreement and the Livestock Price Reinsurance Agreement (Appendix III) has been updated with approved modifications. Appendix III will be available tomorrow electronically via the Risk Management Agency (RMA) website at www.rma.usda.gov/policy-procedure/appendix-iiim-13-handbook-index under the Appendix III/M-13 directory.
The Commodity Exchange Price Provisions (CEPP) are used in conjunction with either the Common Crop Insurance Policy Basic Provisions or the Area Risk Protection Insurance Basic Provisions, along with Crop Provisions for the following crops: barley, canola/rapeseed, corn, cotton, grain sorghum, rice, soybeans, sunflowers, and wheat.
The CEPP specifies how and when the projected and harvest price components will be determined. The CEPP contains two sections:
As of June 27, 2022 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:
The Risk Management Agency (RMA) revised the Grass Seed Crop Provisions to clarify how producers can use prices from their production contracts for crop insurance purposes. Specifically, if producers have multiple contracts with different prices, the clarifications illustrate how to calculate a weighted average price. RMA also increased the maximum contract price factor from 1.20 to 1.60 and moved the factor to the actuarial documents so that it can be updated more easily in the future.
When provided in the actuarial documents, the Hurricane Insurance Protection - Wind Index (HIP-WI) Endorsement is available for both Catastrophic (CAT) and additional coverage for Common Crop Insurance Policy Basic Provisions policies in counties near the Gulf of Mexico, Atlantic Ocean, and Hawaii.
The following changes are applicable for the 2023 and succeeding crop years:
The Risk Management Agency (RMA) revised the Malting Barley Endorsement to make the following clarifications for the 2023 and succeeding crop years:
