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The Federal Crop Insurance Corporation's (FCIC) Board of Directors (Board) approved revisions to the Annual Forage Plan of Insurance on April 23, 2019. The following modifications to the Rainfall Index Annual Forage (AF) Plan of Insurance are effective beginning with the 2020 crop year:
Section 12306(b) of the Agriculture Improvement Act of 2018 added the definition of Veteran Farmers and Ranchers to Section 502(b) of the Federal Crop Insurance Act (7 U.S.C. 1502(b)) (as amended by section 11101) and amended Section 508 of the Federal Crop Insurance Act (7 U.S.C. 1508) to add “or Veteran Farmer or Rancher” after “Beginning Farmer or Rancher,” giving Veteran Farmers or Ranchers (VFR) the same benefits as Beginning Farmers or Ranchers (BFR). Those benefits are:
Informational Memorandum IS-19-002 stated that the Risk Management Agency (RMA) was in the process of implementing 2018 Farm Bill requirements that would result in the revision of some 2020 Standard Reinsurance Agreement (SRA) documents. RMA has revised section IV(b) of the SRA and section II(b)(1)(C) of Appendix IV, to implement 2018 Farm Bill requirements.
When determining the amount payable for a Whole-Farm Revenue Protection (WFRP) claim, some sources of revenue in addition to direct sales of commodities are included as revenue-to-count. These sources of revenue may reflect income related to the commodities on the farm operation, such as income to compensate the producer for damage to insured commodities other than WFRP indemnities.
Record-level flooding has caused catastrophic damage in many counties in Iowa, Kansas, Missouri, and Nebraska. Many insureds in these areas suffered production losses through flooded and/or collapsed grain storage structures. Multiple-peril crop insurance coverage ceases at the end of insurance period, which is the earlier of the date of harvest or the date specified in the actuarial documents. Thus, any damage to or loss of production that occurs while in storage is not covered under the Federal crop insurance program.
As of April 25, 2019 the following information is now available on the FTP site:
Users can find this information in the following directories:
Additional notes and details regarding this data release:
The Agriculture Improvement Act of 2018 (2018 Farm Bill) allows producers to make an election of ARC or PLC for each Farm Number in 2019, which will cover the 2019 and 2020 crop years. Enrollment in ARC or PLC will occur after this election. Election or enrollment dates will not begin until after acreage reporting date for cotton producers.
As of April 22, 2019 the following information is now available on the FTP site:
Users can find this information in the following directories:
Additional notes and details regarding this data release:
The Federal Crop Insurance Corporation's (FCIC) Board of Directors (Board) approved revisions of the Livestock Risk Protection for Feeder Cattle, Fed Cattle, and Swine plans of insurance on May 24, 2018. The revisions were requested by Applied Analytics Group, the owners of the LRP plans of insurance. The Board approved the following revisions for the 2020 crop year starting July 1st:
