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The Risk Management Agency (RMA) was asked whether WFRP provides coverage of preexisting causes of loss on a farm operation. As with most Federal Crop Insurance Corporation policies, the WFRP policy has a list of insured and uninsured causes of loss during the insurance period. The WFRP policy also has requirements for producers to identify any damage to annual and perennial commodities insured under WFRP.
Subject: Request dated November 25, 2020, submitted to the Risk Management Agency (RMA) for Final Agency Determination (FAD) regarding the interpretation of section 15(h)(7) of the Common Crop Insurance Policy Basic Provisions (CCIP Basic Provisions), published at 7 C.F.R. §457.8. This request is pursuant to 7 C.F.R. § 400, Subpart X.
Background:
On November 19, 2020, RMA released the 2021 Enhanced Coverage Option Endorsement (21-ECO) and 2021 Enhanced Coverage Option Insurance Standards Handbook (FCIC-24400) on the RMA website. ECO provides area-based coverage for a portion of the policyholder’s underlying policy deductible like the Supplemental Coverage Option (SCO). The underlying policy must be under the Basic Provisions of the Common Crop Insurance Policy –Yield Protection, Revenue Protection, Revenue Protection with the Harvest Price Exclusion, Yield Based Dollar Amount of Insurance, and APH policies.
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:
In accordance with section 3(e)(1) of the Basic Provisions, RMA is providing additional price elections for selected APH and SCO dry bean types and dry pea types with a March 15, 2017 SCD.
The CEPP - Peanuts factors necessary to establish the insured’s amount of protection under the peanut program for the 2021 CY are identified below. The factors are applied to the commodity prices for wheat, cotton, soybean oil, and soybean meal during the discovery period of December 15, 2020 to January 14, 2021. These factors apply only to states with a Sales Closing Date (SCD) of January 31, 2021.
As of December 09, 2020 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:
