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:

As of October 21, 2016 the following information is now available on the FTP site:

• 2016 Actuarial Data Master for the 4/30, 8/31 Filing Date, YTD, and Daily Files.

Users can find this information in the following directories:

• 2016 Actuarial Data Master are in the References/Actuarial_Data_Master/2016 directory.

Additional notes and details regarding this data release:

Common Crop Insurance Policy ¹

The 2017 CY projected prices shown below are approved for the Yield Protection, Revenue Protection, and Revenue Protection with Harvest Price Exclusion plans of insurance. The 2017 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 crops, types, practices, sales closing date, and states indicated in the following table.

AgForce USA, Inc. (AgForce), the developers of the Apiculture plan of insurance advised the Federal Crop Insurance Corporation (FCIC) Board of Directors (Board) of their intent to maintain the Apiculture plan of insurance and charge a user fee to approved insurance providers (AIP) selling the plan. Section 522(b)(4)(C) of the Federal Crop Insurance Act (Act) allows submitters to maintain approved 508(h) products and charge a user fee to approved insurance providers (AIP) that elect to sell the policy.

Crop Insurance Systems, Inc. (CIS) the developers of the Louisiana Sweet Potato (Sweet Potato) plan of insurance advised the Federal Crop Insurance Corporation (FCIC) Board of Directors (Board) of their intent to maintain the Sweet Potato plan of insurance and charge a user fee to approved insurance providers (AIP) selling the plan. Section 522(b)(4)(C) of the Federal Crop Insurance Act (Act) allows submitters to maintain approved 508(h) products and charge a user fee to approved insurance providers (AIP) that elect to sell the policy.

Integrated Financial Analytics and Research, LLP (iFAR) the developers of the Trend Adjusted Actual Production History Endorsement (Trend-APH) advised the Federal Crop Insurance Corporation (FCIC) Board of Directors (Board) of their intent to maintain the Trend-APH endorsement and charge a user fee to approved insurance providers (AIP) selling the plan. Section 522(b)(4)(C) of the Federal Crop Insurance Act (Act) allows submitters to maintain approved 508(h) products and charge a user fee to approved insurance providers (AIP) that elect to sell the policy.

Background

On August 8, 2016, the Federal Crop Insurance Corporation Board of Directors approved the expansion of the Rainfall Index Annual Forage (RI-AF) plan of insurance to all counties in New Mexico. The RI-AF plan is a privately developed product approved under Section 508(h) of the Federal Crop Insurance Act. The RI-AF plan of insurance offers protection for annually planted crops used for feed or fodder under the Rainfall Index Basic Provisions.

Common Crop Insurance Policy and Area Risk Protection Insurance ¹

The 2016 CY harvest prices shown below are approved for the following plans of insurance: Revenue Protection, Area Revenue Protection, Revenue Protection with Harvest Price Exclusion and Area Revenue Protection – Harvest Price Exclusion. The harvest prices are applicable for the crops, sales closing dates, states, types, and practices indicated in the following table.

As of October 03, 2016 the following information is now available on the FTP site:

• 2016 Actuarial Data Master for the 6/30, 11/30 Filing Date, YTD, and Daily Files.

Users can find this information in the following directories:

• 2016 Actuarial Data Master are in the References/Actuarial_Data_Master/2016 directory.

Additional notes and details regarding this data release:

Background

The United States Department of Agriculture (USDA), Risk Management Agency (RMA) is required annually, in accordance with Appendix C of the Office of Management and Budget (OMB) Circular No. A-123, Requirements for Effective Estimation and Remediation of Improper Payments dated October 20, 2014, to estimate and report an improper payment rate for the Federal Crop Insurance Program. Further, this Circular requires agencies with high-priority programs to establish annual or semi-annual supplemental measures for reducing improper payments.