USDA Expands Crop Insurance Options, Provides Relief to Farmers Affected by Severe Weather
News Release
PM-18-020: 2017 Crop Year Area Risk Protection Insurance (ARPI) and Supplemental Coverage Option (SCO) Final County Yields and Final County Revenues for Wheat; 2017 Crop Year Margin Protection (MP) Final County Yields, Harvest Revenue and Harvest ...
In accordance with Section 3 of the ARPI Crop Provisions, Section 14 of the MP Crop Provisions and Section 10 of the SCO Endorsement, approved final county yields, final county revenues, harvest revenues and harvest margins for the 2017 crop year wheat will be available by close of business today in the following formats:
Actuarial 18-014
As of March 28, 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:
PM-18-019: Acreage Crop Reporting Streamlining Initiative – Request for external providers for acreage data submission
Background
Most agricultural producers participating in programs through the United States Department of Agriculture (USDA), including Federal crop insurance administered by the Risk Management Agency (RMA) and various Farm Programs administered by the Farm Service Agency (FSA), are required to file an acreage report as a condition of the program. The acreage report contains producer identification, crop details, critical dates, and land location information that is used for program variables and creating necessary records for such programs.
MGR-18-001: 2018 Crop Year Cotton Stacked Income Protection Premium Rates Impacting Policies with a February 28, 2018, or Later Sales Closing Date
Background
The Risk Management Agency (RMA) has discovered that, due to a computer programming error, the 2018 crop year Stacked Income Protection premium rates in the actuarial documents are incorrect and are much lower than is actuarially sound. In accordance sections 506(o) and 508(d) of the Federal Crop Insurance Act, RMA is mandated to maintain actuarial soundness; therefore, action must be taken to correct and reissue the actuarially appropriate rates for the 2018 crop year.
PM-18-018: Corrected - Nursery Crop Provisions - 2019 and Succeeding Crop Years
The Risk Management Agency (RMA) has revised the Nursery Crop Provisions to incorporate changes made in the Final Rule correcting amendment published in the Federal Register on March 23, 2018. The Nursery Crop Provisions (19-0073) are effective for the 2019 and succeeding crop years.
PM-18-017: Impact of Changing the Business Entity of a Farm Operation After the Sales Closing Date
Background
Risk Management Agency (RMA) has received questions regarding the impact to an insured’s crop insurance policy when changes are made in a farming operation’s business entity after the sales closing date. For example, the insured is a corporation and the shareholders form a partnership after the sales closing date. The partnership leases land, equipment and other assets from the existing corporation to produce the crop and the corporation does not have a share in the crop.