Background

Widespread weather events such as flooding, excessive rainfall, and drought over recent years have resulted in significant prevented planting claims under the Federal crop insurance program. Given these extreme weather patterns and the need to provide producers ample opportunities to protect the nation’s natural resources, the Risk Management Agency has re-evaluated the interaction between cover crops and the Federal crop insurance program.

As of July 01, 2021 the following information is now available on the FTP site:

• 2021 Actuarial Data Master for the 6/30, 11/30 Filing Date, YTD, and Daily Files.

Users can find this information in the following directories:

• 2021 Actuarial Data Master are in the References/Actuarial_Data_Master/2021 directory.

Additional notes and details regarding this data release:

2021 ADM Price updated for the harvest price announcement, PM-21-039, 6/30 and 11/30 filings.

Common Crop Insurance Policy & Area Risk Protection Insurance ¹

The 2021 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 with the Harvest Price Exclusion. The harvest prices are applicable for the crops, sales closing dates, states, practices, and types indicated in the following table.

Background

The Federal Crop Insurance Corporation Board of Directors approved the Hurricane Insurance Protection - Wind Index (HIP-WI) Endorsement, on November 15, 2019, for the 2020 crop year. It continues to be available for the 2022 crop year for both Catastrophic (CAT) and additional coverage for Common Crop Insurance Policy Basic Provisions policies, when provided in the actuarial documents, in counties near the Gulf of Mexico or Atlantic Ocean, as well as Hawaii.

The following changes are applicable for the 2022 and succeeding crop years:

Background

The Federal Crop Insurance Corporation (FCIC) amended the Area Risk Protection Insurance Basic Provisions (ARPI) and Common Crop Insurance Policy Basic Provisions (CCIP) for the 2022 and succeeding crop years for crops with a contract change date on or after June 30, 2021, and for all other crops, the changes are applicable for the 2023 and succeeding crop years, with the following changes:

CCIP and ARPI Basic Provisions

Background

The 2022 Appendix III to the Standard Reinsurance Agreement and the Livestock Price Reinsurance Agreement (Appendix III) has been updated with approved modifications. Appendix III is available 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.

Action

Modifications in the 2022 Appendix III include the following crop insurance program changes:

As of June 29, 2021 the following information is now available on the FTP site:

• 2021 Actuarial Data Master for the 4/30, 8/31 Filing Date, YTD, and Daily Files.
• 2022 Actuarial Data Master for the 6/30 Filing Date, YTD, and Daily Files.

Users can find this information in the following directories:

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:

• 2021 Crop Year Rainfall Index March – April Index Interval Final Grid Indices for Annual Forage, Apiculture, and Pasture, Rangeland, Forage

Action

By close of business today, final grid indices and payment calculation factors will be available in the Actuarial Information Browser and Actuarial Data Master in the following formats: