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Actuarial Release 24-044

As of October 15, 2024 the following information is now available on the FTP site:

  • 2024 Actuarial Data Master for the 8/31 Filing Date, YTD, and Daily Files.
  • 2025 Actuarial Data Master for the 6/30 Filing Date, YTD, and Daily Files.

Users can find this information in the following directories:

PM-24-068: 2025 Crop Year Common Crop Insurance Policy Projected Prices and Volatility Factors

For the Common Crop Insurance Policy, the Risk Management Agency (RMA) approved 2025 CY projected prices and volatility factors for insurance offers with a projected price discovery period of September 15, 2024, through October 14, 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 October 17, 2024:

MGR-24-007: Emergency Procedures for Crops and/or Livestock Damaged by Hurricane Milton

BACKGROUND

Hurricane Milton caused catastrophic damage in Florida. The Risk Management Agency (RMA) recognizes the need for authorizing emergency procedures to streamline certain determinations to accelerate the adjustment of losses and issuance of indemnity payments to crop insurance policyholders in impacted areas.

Actuarial Release 24-043

As of October 11, 2024 the following information is now available on the FTP site:

  • 2023 Actuarial Data Master for the 2/28 Filing Date, YTD, and Daily Files.
  • 2024 Actuarial Data Master for the 4/30, 6/30, 8/31, 9/30, 10/31, 11/30, 12/31, 1/31 Filing Date, YTD, and Daily Files.
  • 2025 Actuarial Data Master for the 4/30, 6/30, 10/31 Filing Date, YTD, and Daily Files.
  • 2025 Special Provisions for the 10/31 Filing Date.

Users can find this information in the following directories:

Final Agency Determination: FAD-323

Subject: A request dated August 7, 2024, submitted to the Risk Management Agency (RMA) for a Final Agency Determination (FAD) of 7 C.F.R. 457.147 Central and Southern Potato Crop Provisions, Section 12(d)(1)(iii), for the 2021 crop year. This request is pursuant to 7 C.F.R. §400, Subpart X.

Reference:

The relevant policy provisions are:

The 2021 Central and Southern Potato Crop Provisions state, in relevant part:

12. Settlement of Claim

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MGR-24-006.1: Additional Emergency Procedures for Crops Damaged by Hurricane Helene and Continuing Impacts from Hurricane Debby

BACKGROUND

On October 3, 2024, the Risk Management Agency (RMA) issued MGR-24-006, Emergency Procedures for Crops Damaged by Hurricane Helene and Continuing Impacts from Hurricane Debby, authorizing emergency procedures for all counties in Alabama, Florida, Georgia, Kentucky, North Carolina, Ohio, South Carolina, Tennessee, Virginia, and West Virginia impacted by Hurricanes Debby and/or Helene.

Since the issuance of MGR-24-006, RMA has received requests for additional emergency loss adjustment procedures and information regarding interest deferral.

PM-24-039.2: Expanding Options for Specialty and Organic Growers (EOSOG) Final Rule Effective for the 2025 and Succeeding Crop Years

BACKGROUND:

The Risk Management Agency (RMA) issued Product Management Bulletin PM-24-039 on June 27, 2024, announcing changes to several policies under the Expanding Options for Specialty and Organic Growers (EOSOG) Final Rule. The Common Crop Insurance Provisions Basic Provisions, Area Risk Protection Insurance Basic Provisions, and 7 individual Crop Provisions were released at that time.

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