Background

Organic Rice Prices

Background

The Federal Crop Insurance Corporation Board of Directors approved the Hybrid Seed Rice (HSR) insurance program, a privately developed product that was submitted and approved under section 508(h) of the Federal Crop Insurance Act in May 2015. The HSR program provides coverage for the production of seed stock, which provides seed to producers. HSR will be available in certain Arkansas, Louisiana, and Texas counties and is designed similar to other hybrid seed crop insurance programs currently available.

Background

The Federal Crop Insurance Corporation Board of Directors approved the Sprinkler Irrigated Rice (SIR) Endorsement in June, 2014. The SIR Endorsement is a privately developed product that was approved under section 508(h) of the Federal Crop Insurance Act. The SIR Endorsement to the current reinsured rice policy will allow rice grown using sprinkler irrigation to be insurable under certain terms and conditions. The SIR Endorsement will be available in Arkansas, Missouri, Tennessee, and Texas.

As of November 04, 2015 the following information is now available on the FTP site:

• 2015 Actuarial Data Master for the 11/30 Filing Date, YTD, and Daily Files.
• 2016 Actuarial Data Master for the 4/30, 6/30, 8/31, 10/31, 11/30 Filing Date, YTD, and Daily Files.

Users can find this information in the following directories:

Background

The Agricultural Act of 2014 (Farm Bill) instructed the Risk Management Agency (RMA) to offer the Stacked Income Protection Plan of Insurance (STAX) to upland cotton producers for the 2015 and succeeding crop years. The STAX program became effective for the 2015 insurance year and was available in all counties where insurance for upland cotton is available (see MGR-14-011).

After considering feedback and input from various program participants during the 2015 insurance year, RMA is making several modifications to the STAX program as follows:

Common Crop Insurance Policy & Area Risk Protection Insurance ^1,2

The 2015 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, types, practices, sales closing dates and states indicated in the following table.

As of October 28, 2015 the following information is now available on the FTP site:

• 2016 Actuarial Data Master for the 10/31 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:

2016 ADM prices issued for insurance plans 31, 40, and 90 commodities, 10/31 filing.

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.

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 27, 2015 the following information is now available on the FTP site:

• 2015 Actuarial Data Master for the 4/30, 8/31 Filing Date, YTD, and Daily Files.

Users can find this information in the following directories:

• 2015 Actuarial Data Master are in the References/Actuarial_Data_Master/2015 directory.

Additional notes and details regarding this data release: