MGR–24-003.2: Amended - Notice to Cease and Desist Agent/Agency Contract Terminations
Background
On March 15, 2024, the Risk Management Agency (RMA) issued MGR-24-003, Notice to Cease and Desist Agent/Agency Contract Terminations, requiring that Approved Insurance Providers (AIPs) cease and desist any cancellation of agent contracts until RMA completed its review of the information requested in the bulletin. On June 3, 2024, RMA issued MGR-24-003.1, wherein it lifted the cease-and-desist requirement of MGR-24-003.
Final Agency Determination: FAD-322
Subject: Two requests dated April 23, 2024, and May 3, 2024, submitted to the Risk Management Agency (RMA) for a final agency determination (FAD) for the 2021 crop year of section 12(d) of the Common Crop Insurance Policy, Basic Provisions, published at 7 C.F.R. §457.8. This request is pursuant to 7 C.F.R. §400, Subpart X.
Reference:
The relevant policy provisions are:
The 2020 Common Crop Insurance Policy (CCIP), Basic Provisions state, in relevant part:
1. Definitions
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PM-24-043: 2024 Crop Year Common Crop Insurance Policy and Area Risk Protection Insurance Harvest Prices Announcement
For the Common Crop Insurance Policy and Area Risk Protection Insurance, the Risk Management Agency (RMA) approved 2024 CY harvest prices for insurance offers with a harvest price discovery period of June 1, 2024, through June 30, 2024. These values may be viewed in the attachment and on RMA’s Price Discovery portal, located here: public-rma.fpac.usda.gov/apps/PriceDiscovery.
These values will also be available at the following locations on RMA’s website by July 3, 2024:
PM-24-044: 2023 Crop Year Stacked Income Protection Plan and Area Risk Protection Insurance Final Area Yields and Final Area Revenues for Cotton; 2023 Crop Year Supplemental Coverage Option Final Area Yields and Final Area Revenues for Cotton, Cotton Ex L
In accordance with Section 15 of the ARPI Crop Provisions, Section 10 of the SCO Endorsement, Section 10 of the ECO Endorsement, and Section 9 of the STAX Cotton Crop Provisions, approved final county yields, final county revenues, and payment factors for the 2023 crop year will be available by close of business today in the following formats:
PM-24-042: Margin Protection Changes Effective for the 2025 and Succeeding Crop Years
Background
The Risk Management Agency (RMA) is revising the Margin Protection (MP) Provisions to clarify how first, and second crop rules apply to MP. Terminology in the Provisions are also being updated to be consistent with other area plans.
Action
The following documents will be available by close of business today on the Risk Management Agency (RMA) website at www.rma.usda.gov.