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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.

Actuarial Release–24-024

As of July 02, 2024 the following information is now available on the FTP site:

  • 2023 Actuarial Data Master for the 8/31, 11/30, 12/31 Filing Date, YTD, and Daily Files.
  • 2025 Actuarial Data Master for the 4/30 Filing Date, YTD, and Daily Files. 

Users can find this information in the following directories:

Final Agency Determination: FAD-319R

Subject: Two requests dated November 27, 2023, and December 13, 2023, submitted to the Risk Management Agency (RMA) for a final agency determination (FAD) for the 2019 crop year definition of “good farming practices” from section 1 of the Common Crop Insurance Policy (CCIP) 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 2019 CCIP Basic Provisions state, in relevant part:

1. Definitions

*****

Final Agency Determination: FAD-318R

Subject: Two requests dated November 27, 2023, and December 13, 2023, submitted to the Risk Management Agency (RMA) for a final agency determination (FAD) for the 2019 crop year of section 20(a) of the Common Crop Insurance Policy (CCIP), 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 2019 CCIP Basic Provisions state, in relevant part

1. Definitions

*****

Actuarial Release–24-023

As of July 01, 2024 the following information is now available on the FTP site:

  • 2024 Actuarial Data Master for the 6/30, 11/30 Filing Date, YTD, and Daily Files.

Users can find this information in the following directories:

  • 2024 Actuarial Data Master are in the References/Actuarial_Data_Master/2024 directory.

Additional notes and details regarding this data release:

2024 RY ADM Price updated for the harvest price announcement, PM-24-043, 6/30 and 11/30 filings.

PM-24-040: Fresh Market Bean Crop Provisions Changes Effective for the 2025 and Succeeding Crop Years

Background

The Risk Management Agency (RMA) is issuing the following changes to the Fresh Market Bean crop insurance program.

For the 2025 and succeeding crop years:

  • In Florida, expand insurance coverage to two counties and add a “winter” type.
  • In North Carolina, allow producers to use their processing bean history to qualify for fresh market bean insurance coverage.

Action

The Fresh Market Bean Crop Provisions (25-0105) will be available by close of business today on the RMA website at www.rma.usda.gov.

PM-24-039: Expanding Options for Specialty and Organic Growers Final Rule Effective for the 2025 and Succeeding Crop Years

Background

Today, June 27, 2024, the Federal Crop Insurance Corporation (FCIC) published a final rule in the Federal Register that amended Subpart J (Appeal Procedure), Common Crop Insurance Policy (CCIP), Basic Provisions and Area Risk Protection Insurance (ARPI), Basic Provisions, and various Crop Provisions.

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