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:

• 2018 Crop Year Rainfall Index December – January Index Interval Final Grid Indices for Annual 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:

As of March 13, 2018 the following information is now available on the FTP site:

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

Users can find this information in the following directories:

• 2018 Actuarial Data Master are in the References/Actuarial_Data_Master/2018 directory.
• 2018 Special Provisions are in the Special_Provisions/2018 directory.

Additional notes and details regarding this data release:

The Risk Management Agency (RMA) has released the 2019 Standard Reinsurance Agreement (SRA) and Appendices I, II, and IV, and the 2019 Livestock Price Reinsurance Agreement (LPRA) and Appendices I, II, and IV, which become effective July 1, 2018. The documents are located on the RMA website at www.rma.usda.gov/pubs/ra/. The draft Appendix III that provides standards, procedure and instructions for reporting data to RMA will be issued by May 2018.

The following revisions/additions were made:

• 2018 Actuarial Data Master for the 6/30, 11/30 Filing Date, YTD, and Daily Files.

• 2018 Actuarial Data Master are in the References/Actuarial_Data_Master/2018 directory.

Additional notes and details regarding this data release:

Dry Pea and Dry Bean Crop Provisions and Revenue Endorsement

The approved 2018 CY projected prices shown below are for the Yield Protection, Revenue Protection, and Revenue Protection with Harvest Price Exclusion plans of insurance. The approved 2018 CY volatility factors shown below are for the Revenue Protection and Revenue Protection with Harvest Price Exclusion plans of insurance. The projected prices and volatility factors are applicable for the states, crops, and types indicated in the subsequent tables.

As of March 01, 2018 the following information is now available on the FTP site:

• 2018 Actuarial Data Master for the 6/30, 11/30 Filing Date, YTD, and Daily Files.

Users can find this information in the following directories:

• 2018 Actuarial Data Master are in the References/Actuarial_Data_Master/2018 directory.

Additional notes and details regarding this data release:

Common Crop Insurance Policy & Area Risk Protection Insurance ¹

The 2018 CY projected prices shown below are approved for the following plans of insurance: Yield Protection, Area Yield Protection, Revenue Protection, Area Revenue Protection, Revenue Protection with Harvest Price Exclusion, and Area Revenue Protection with the Harvest Price Exclusion.

Background

Section 522(c)(1) of the Federal Crop Insurance Act (Act) allows the Risk Management Agency (RMA) to conduct activities or enter into contracts to carry out research and development for underserved agricultural commodities, including specialty crops. Section 522(c)(2)(B) of the Act requires RMA to consult with groups representing producers of the agricultural commodity that would be served by a policy that resulted from this research and development effort, prior to beginning any work, in order to determine the interest level or concerns of producers.

Background

On August 9, 2017 the Federal Crop Insurance Corporation (FCIC) Board of Directors approved a modification to the Peanut Revenue plan of insurance to allow the contract-based price to apply to revenue protection and revenue protection with the harvest price exclusion plans of insurance, an option previously only available for yield coverage.

Accordingly, the Peanut Revenue crop provisions, handbooks, and fact sheet have been updated to reflect this modification.

Background

The Risk Management Agency (RMA) has revised the Catastrophic Risk Protection Endorsement, the Area Risk Protection Insurance Regulations, and the Common Crop Insurance Regulations, Basic Provisions to incorporate changes made in a final rule with request for comments published in the Federal Register on November 24, 2017.

The Common Crop Insurance Policy Basic Provisions have also been revised to incorporate changes previously made in the Replant and Double Cropping Amendment (18-CCIP-Replant and Double Crop).