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Actuarial Release 20-056

As of November 27, 2020 the following information is now available on the FTP site:

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

Users can find this information in the following directories:

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

Additional notes and details regarding this data release:

PM-17-009: Whole-Farm Revenue Protection (WFRP) and Catastrophic Risk Protection for Winter Type Wheat and Similar Commodities

Background

To ensure actuarial soundness, the Whole-Farm Revenue Protection (WFRP) policy is not available to producers with a Catastrophic Risk Protection (CAT) policy for any crop that would be insurable under WFRP. Questions have been raised regarding producers that have a CAT policy in effect for winter wheat in counties where spring wheat is not insurable and no wheat was planted during the planting period for winter wheat. The relevant section of the WFRP policy is stated below. 

Section 3 of the WFRP Basic Provisions states the following:

PM-17-006: Whole-Farm Revenue Protection (WFRP) and Commodities with Multiple Commodity Codes

Background

Due to changes in WFRP commodity lists for the 2017 crop year, some commodities may now have multiple commodity codes available, a primary commodity code, and separate commodity codes related to specific types or practices of the commodity. For example, actuarial documents may list the primary commodity code and separate commodity codes for specific types or practices, such as Fresh Market and Processing, or Irrigated, Nonirrigated, Summerfallow, and Continuous cropping.

PM-17-005: 2017 Crop Year (CY) Commodity Exchange Price Provisions (CEPP) – Peanut Factors – March 15, 2017 Sales Closing Date

Background

The CEPP peanut factors necessary to establish the insured’s amount of protection under the peanut program for the 2017 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 February 1, 2017 to February 28, 2017. These factors apply only to states with a Sales Closing Date (SCD) of March 15, 2017. They are determined in accordance with the Peanut Price Methodology guidelines published.

PM-17-003: Pecan Tree Crop Provisions - 2018 and Succeeding Crop Years

Background

The Federal Crop Insurance Corporation (FCIC) Board of Directors approved the Pecan Tree insurance program, a privately developed product that was submitted and approved under section 508(h) of the Federal Crop Insurance Act in June 2016. The Pecan Tree insurance program provides coverage for damage to pecan trees resulting from naturally occurring events.

Actuarial Release 20-055

As of November 25, 2020 the following information is now available on the FTP site:

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

Users can find this information in the following directories:

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

Additional notes and details regarding this data release:

PM-20-084: Hybrid Seed Rice Crop Provisions Changes Effective for the 2021 and Succeeding Crop Years

Background

The Federal Crop Insurance Corporation Board of Directors approved revisions to the Hybrid Seed Rice (HSR) crop insurance program, on September 17, 2020. The changes allow Written Agreements for the 2021 and succeeding crop years in Arkansas, Louisiana, Mississippi, Missouri, and Texas counties and parishes not offering HSR crop insurance but having appropriate actuarial data (T-Yields for long grain type rice, irrigated practice).

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