Final Agency Determination: FAD-292
Subject: Two requests dated January 23, 2020, and February 13, 2020, to the Risk Management Agency (RMA) requesting a Final Agency Determination for the 2017 crop year regarding the interpretation of section 20(a) and (b)(1) and (2) of the Common Crop Insurance Policy Basic Provisions (Basic Provisions), published at 7 C.F.R. § 457.8. This request is pursuant to 7 C.F.R. § 400, subpart X.
IS-20-002
The Risk Management Agency (RMA) has released the 2021 Standard Reinsurance Agreement (SRA) and Appendices I, II, and IV, and the 2021 Livestock Price Reinsurance Agreement (LPRA) and Appendices I, II, and IV, which become effective July 1, 2020. The documents are located on the RMA website at: www.rma.usda.gov/policy-procedure/reinsurance-agreements.
PM–20-020
Background
On November 15, 2019, the Federal Crop Insurance Corporation's Board of Directors (Board) approved revisions to the Dairy Revenue protection (DRP) plan of insurance, under section 508(h) of the Federal Crop Insurance Act. The following revisions are applicable for the 2021 and succeeding crop years:
Actuarial 20-013
As of March 09, 2020 the following information is now available on the FTP site:
- 2020 Actuarial Data Master for the 11/30 Filing Date, YTD, and Daily Files.
Users can find this information in the following directories:
- 2020 Actuarial Data Master are in the References/Actuarial_Data_Master/2020 directory.
Additional notes and details regarding this data release:
IS-20-001
Background
The Standard Reinsurance Agreement (SRA) Appendix I, Section IV requires Approved Insurance Providers (AlPs) to comply with all provisions of FCIC's large claims procedures, as applicable as a condition of reinsurance. The Large Claims Handbook is the official source of RMA's large claims procedures and requirements for RMA and AlPs in the processing and review of large claims.
MGR-20-004
Background
Excessive precipitation in 2019 caused flooding in many counties in Minnesota, Missouri, North Dakota, and South Dakota. A significant number of unharvested cropland acres were flooded above the edible portion resulting in production that is “adulterated” under the Federal Food, Drug, and Cosmetic Act and may be injurious to human or animal health.
Actuarial 20-012
As of March 02, 2020 the following information is now available on the FTP site:
- 2019 Actuarial Data Master for the 8/31 Filing Date, YTD, and Daily Files.
- 2020 Actuarial Data Master for the 4/30, 6/30, 11/30 Filing Date, YTD, and Daily Files.
Users can find this information in the following directories:
PM-20-019
Dry Pea and Dry Bean Crop Provisions and Revenue Endorsement
The approved 2020 CY projected prices shown below are for the Yield Protection, Revenue Protection, and Revenue Protection with Harvest Price Exclusion plans of insurance. The approved 2020 CY volatility factors shown below are for the Revenue Protection and Revenue Protection with Harvest Price Exclusion plans of insurance. The projected prices and volatility factors are applicable for the states, crops, and types indicated in the subsequent tables.