Background

The Risk Management Agency (RMA) has revised the Margin Protection (MP) Plan of Insurance for the 2020 crop year, as follows:

Background

Historical flooding and excessive rainfall throughout much of the country will likely lead to an unprecedented amount of prevented planting claims under Federal crop insurance. Given these extraordinary events and the need for animal feed in many parts of the country, flexibility around the use of a cover crop planted on prevented planted acreage for haying, grazing, and cutting for silage, haylage, and baleage has become necessary.

Background

The Risk Management Agency (RMA) issued Manager’s Bulletin MGR-019-014 on June 11, 2019, regarding the 2020 Fall County Crops Program Expansion. The attachment, 2020 Expansion of Existing Fall Crops Programs listed “Alfalfa” under the “Crop” section which is a typographical error. The correct crop program expansion is “Alfalfa Seed.”

The Federal Crop Insurance Act (Act) allows developers of approved privately-developed crop insurance products (“508(h) products”) to maintain their 508(h) products and charge a user fee to approved insurance providers (AIP) that elect to sell the policy. Section 522(b)(4)(D)(ii) of the Act and 7 C.F.R. 400.712(l)(5) provide that the Federal Crop Insurance Corporation (FCIC) Board of Directors (Board) will determine the reasonableness and approve the amount of user fee that is payable to the developer by the AIP.

Background

The Dairy Margin Coverage (DMC) program, administered by the Farm Service Agency (FSA), and the Livestock Gross Margin for Dairy policy (LGM-Dairy), administered by the Risk Management Agency (RMA), offer similar risk management protection for dairy producers. On December 20, 2018, the Agriculture Improvement Act of 2018 was signed into law, allowing producers to participate in both programs.

Background

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:

• 2019 Crop Year Rainfall Index March – April Index Interval Final Grid Indices for Annual Forage, Apiculture, and Pasture, Rangeland, Forage

Action

By close of business today, final grid indices and payment calculation factors will be available in the Actuarial Information Browser and Actuarial Data Master in the following formats:

In accordance with Section 10 of the SCO Endorsement, approved final area yields for 2018 crop year Buckwheat, Burley Tobacco, Cigar Binder Tobacco, Corn, Cucumbers, Dark Air Tobacco, Dry Beans, Fire Cured Tobacco, Flax, Flue Cured Tobacco, Grain Sorghum, Green Peas, Hybrid Corn Seed, Hybrid Seed Rice, Hybrid Sorghum Seed, Millet, Mustard, Peanuts, Popcorn, Processing Beans, Pumpkins, Rice, Sesame, Silage Sorghum, Soybeans, Sugar Beets, Sunflowers, Sweet Corn, and Tomatoes with a November 30th Contract Change Date will be available by close of business today in the following formats:

As of June 13, 2019 the following information is now available on the FTP site:

• 2018 Actuarial Data Master for the 8/31, 11/30 Filing Date, YTD, and Daily Files.
• 2019 Actuarial Data Master for the 4/30, 6/30, 8/31, 11/30 Filing Date, YTD, and Daily Files.
• 2020 Actuarial Data Master for the 4/30 Filing Date, YTD, and Daily Files.
• 2020 Special Provisions for the 4/30 Filing Date.

Users can find this information in the following directories:

Background

The Federal Crop Insurance Corporation has expanded the number of counties where certain crops are insurable for the 2020 crop year having a June 30th contract change date. The following attachments, 2020 Expansion of Existing Fall Crops Programs, lists the expansion by crop, state, and county for permanently-established (non-pilot) programs.

Action

Approved Insurance Providers should advise producers of the expanded county crop programs for the 2020 crop year.

DISPOSAL DATE:
December 30, 2019