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The Federal Crop Insurance Corporation Board of Directors approved changes to the Malting Barley Endorsement (MBE) , under section 508(h) of the Federal Crop Insurance Act, on March 5, 2020.
The following changes are applicable for the 2021 and succeeding crop years:
The Federal Crop Insurance Corporation Board of Directors approved changes to the Pulse Crop Revenue program which includes the Dry Bean Revenue Endorsement (DBRE) and Dry Pea Revenue Endorsement (DPRE), under section 508(h) of the Federal Crop Insurance Act, on May 21, 2020.
The following changes are applicable for the 2021 and succeeding crop years:
On March 5, 2020, the Federal Crop Insurance Corporation Board of Directors (Board) approved policy changes, submitted by private submitters, to the Sugarcane Actual Production History (APH) plan of insurance for the 2021 and succeeding crop years in accordance with Section 508(h) of the Federal Crop Insurance Act (Act).
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:
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:
The Federal Crop Insurance Corporation's (FCIC) Board of Directors (Board) approved changes to the Livestock Risk Protection (LRP) plan of insurance for Feeder Cattle, Fed Cattle, and Swine, under section 508(h) of the Federal Crop Insurance Act, on May 21, 2020. The Board approved the following changes requested by Applied Analytics Group, the submitters of the LRP plan of insurance:
The Risk Management Agency (RMA) uses fertilizer prices posted by the Chicago Mercantile Exchange Group (CME) to establish guarantees and determine indemnities under the Margin Protection (MP) Plan of Insurance. The CME has recently discontinued posting swaps prices for Urea (as of January 2020) and Diammonium Phosphate (DAP) (following the March 2020 contract). As a result of the change in available price data, RMA is updating the MP price provisions to utilize futures prices for Urea and DAP.
