Actuarial 20-025
As of June 29,
MGR-20-018: Conversion of the Grass Seed Program to Permanent Status
Background
The Grass Seed Insurance Program has been piloted to determine acceptance by producers as an effective and affordable risk management tool and to assure the program is actuarially sound. The Federal Crop Insurance Corporation Board of Directors (Board) granted approval for the conversion of the program from pilot to permanent status based on the favorable pilot program experience.
PM-20-045: Area Risk Protection Insurance Basic Provisions, Common Crop Insurance Policy Basic Provisions, and Coarse Grains Crop Provisions Changes Effective for the 2021 and Succeeding Crop Years
Background
The Federal Crop Insurance Corporation (FCIC) revised the Area Risk Protection Insurance (ARPI) Regulations, Common Crop Insurance Policy (CCIP) Basic Provisions, and Coarse Grains Crop Provisions for the 2021 crop year for crops with a contract change date on or after June 30, 2020. For all other crops the changes are applicable for the 2022 and succeeding crop years. The changes implement section 11122 of the Agriculture Improvement Act of 2018 (2018 Farm Bill) that required FCIC research and develop methods of adjusting for quality losses.
PM-20-044: Multi County Enterprise Unit (MCEU) Changes Effective for the 2021 and Succeeding Crop Years
Background
The Federal Crop Insurance Corporation (FCIC) revised the MCEU Endorsement for the 2021 and succeeding crop years for crops with a June 30, 2020, and later contract change date. The changes will provide greater flexibility for policyholders who elect enterprise units for both irrigated and non-irrigated practices and discover they do not qualify on or before the acreage reporting date.
PM-20-043: 2021 Appendix III - Standard Reinsurance Agreement and Livestock Price Reinsurance Agreement
The 2021 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-and-Procedure under the Appendix III/M-13 directory.
Modifications in the 2021 Appendix III include the following crop insurance program changes:
PM-20-042: Livestock Risk Protection for Feeder Cattle, Fed Cattle, and Swine Revisions for the 2021 and Succeeding Crop Years
Background
The Federal Crop Insurance Corporation's Board of Directors (Board) approved revisions 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 following revisions are applicable for the 2021 and succeeding crop years:
PM-20-041: Dry Pea Crop Provisions Effective for the 2021 and Succeeding Crop Years
Background
The Federal Crop Insurance Corporation (FCIC) revised the Dry Pea Crop Provisions for the 2021 and succeeding crop years with the following changes:
PM-20-040: Malting Barley Endorsement Changes Effective for the 2021 and Succeeding Crop Years
Background
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:
PM-20-039: Pulse Crop Revenue 508(h) Expansion Effective for the 2021 and Succeeding Crop Years
Background
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: