Background

The Risk Management Agency (RMA) has been advised that some processing tomato policy holders in California are at risk of losing coverage for their 2018 crop. Due to market conditions resulting in extended price negotiations, it is estimated that 30 percent to 40 percent of policy holders in California do not yet have a final contract price. A processor contract including a price per ton is a requirement to maintain insurance eligibility under the terms of coverage for the Processing Tomato Crop Provisions (05-087) (“policy”).

Background

The Federal Crop Insurance Corporation Board of Directors approved the Dairy Revenue Protection (DRP) Plan of Insurance on February 13, 2018. DRP is a privately developed product that was approved under section 508(h) of the Federal Crop Insurance Act.

Background

Under the current SCO Endorsement, coverage automatically begins at 86 percent of the expected area yield or revenue and provides an insurance guarantee based on the gap between 86 percent and the coverage level of the underlying policy. Currently there is no mechanism to allow a producer to further customize the coverage. In order to give producers more flexibility, along with more opportunity to manage total premium cost, RMA is updating the SCO endorsement.

Background

The Risk Management Agency (RMA) has evaluated the current situation related to privately-owned supplemental crop insurance policies referred to as Crop Hail Named Peril (CHNP) policies in the States of Colorado, Illinois, Indiana, Iowa, Kansas, Kentucky, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota and Wisconsin. CHNP policies were marketed and sold by Crop Pro Insurance Services, Inc. (CropPro), a managing general agency for Guide One Insurance Company (Guide One). CHNP policies are not Federally-reinsured or subsidized policies.

Background

The Risk Management Agency (RMA) allows for deviations from the Natural Resources Conservation Service (NRCS) Cover Crop Termination Guidelines (NRCS Guidelines) via a Special Provisions statement, which states:

As of August 08, 2018 the following information is now available on the FTP site:

• 2019 Actuarial Data Master for the 4/30 Filing Date, YTD, and Daily Files.
• 2019 Special Provisions for the 4/30 Filing Date.

Users can find this information in the following directories:

• 2019 Actuarial Data Master are in the References/Actuarial_Data_Master/2019 Directory.
• 2019 Special Provisions are in the Special_Provisions/2019 directory.

Additional notes and details regarding this data release:

As of August 24, 2018 the following information is now available on the FTP site:

• 2018 Actuarial Data Master for the 11/30 Filing Date, YTD, and Daily Files.
• 2019 Actuarial Data Master for the 6/30, 8/31, 9/30, 10/31 Filing Date, YTD, and Daily Files.
• 2019 Special Provisions for the 8/31, 9/30, 10/31 Filing Date.

Users can find this information in the following directories:

Common Crop Insurance Policy¹

The 2019 CY projected prices shown below are approved for the Yield Protection, Revenue Protection, and Revenue Protection with Harvest Price Exclusion plans of insurance. The 2019 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 are applicable for the crop, types, and states indicated in the following table.

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: