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The Federal Crop Insurance Corporation Board of Directors approved modifications to the Pecan Tree Crop Insurance Program, under section 508(h) of the Federal Crop Insurance Act, on August 15, 2019. The following changes are effective for the 2021 and succeeding crop:
As of January 15, 2020 the following information is now available on the FTP site:
Users can find this information in the following directories:
Common Crop Insurance Policy 1
The 2020 CY projected prices shown below are approved for the Yield Protection, Revenue Protection and Revenue Protection with Harvest Price Exclusion plans of insurance. The 2020 CY volatility factors shown below are approved for the Revenue Protection and Revenue Protection with Harvest Price Exclusion plans of insurance. The projected prices and volatility factors apply to policies with a January 31 sales closing date and are applicable for the crops, types, practices and states indicated below:
Dry Pea and Dry Bean Revenue Endorsement Harvest Prices1
The 2019 CY harvest prices shown below are for the Revenue Protection and Revenue Protection with Harvest Price Exclusion plans of insurance. The harvest prices are applicable for the crops, types, and states with a March 15, 2019, sales closing date.
The CEPP peanut factors necessary to establish the insured’s amount of protection under the peanut program for the 2020 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 January 15, 2020 to February 14, 2020. These factors apply only to states with a Sales Closing Date (SCD) of February 28, 2020 and are determined in accordance with the Peanut Price Methodology guidelines.
The Federal Crop Insurance Corporation has expanded the number of counties where certain crops are insurable for the 2020 crop year. The following attachment, 2020 Expansion of Existing Spring Crops Programs, lists the expansion by crop, state, and county for permanently-established (non-pilot) programs.
Approved Insurance Providers should advise producers of the expanded county crop programs for the 2020 crop year.
DISPOSAL DATE:
December 31, 2020.
The Risk Management Agency (RMA) is receiving multiple inquiries regarding the use of prevented planting eligible acre history for crops that require a contract with a processor to be insured. Specifically, RMA has been asked to address situations where some insureds had reduced contracted acreage in 2019, which were not reduced solely due to prevented planting (e.g. an insured had a processor contract for 400 acres in 2018 and only 100 contracted acres in 2019).
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:
