Background

Per LPRA Appendix IV, AIPs shall identify and conduct an inspection on any eligible livestock price insurance contract (ELPIC) with an indemnity of $200,000 or more.¹ On April 12, 2019, RMA issued COM-19-001 to address the $200,000 Indemnity Review ($200K Review) requirements for aggregating losses by endorsement or insurance period for the Dairy Revenue Protection (DRP), Livestock Gross Margin (LGM), and Livestock Risk Protection (LRP) plans of insurance.

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 July 26, 2024 the following information is now available on the FTP site:

• 2024 Actuarial Data Master for the 4/30, 8/31 Filing Date, YTD, and Daily Files.

Users can find this information in the following directories:

• 2024 Actuarial Data Master are in the References/Actuarial_Data_Master/2024 directory.

Additional notes and details regarding this data release:

As of July 17, 2024 the following information is now available on the FTP site:

• 2025 Actuarial Data Master for the 4/30, 6/30 Filing Date, YTD, and Daily Files.

Users can find this information in the following directories:

• 2025 Actuarial Data Master are in the References/Actuarial_Data_Master/2025 directory.

Additional notes and details regarding this data release:

Background

The Federal Crop Insurance Corporation has expanded the number of counties where certain crops are insurable for the 2025 crop year having a June 30 contract change date. The following attachment, 2025 Expansion of Existing Fall Crop Programs, lists the expansion by crop, state, and county.

Action

Approved Insurance Providers should advise producers of the expanded county crop programs for the 2025 crop year.

DISPOSAL DATE:
December 31, 2024.

Background

The Department of Agriculture (USDA), Risk Management Agency (RMA) is upgrading the CARS application to the Microsoft Dynamic 365 platform. The upgrade is scheduled to be completed July 22, 2024.

Background

On March 15, 2024, the Risk Management Agency (RMA) issued MGR-24-003, Notice to Cease and Desist Agent/Agency Contract Terminations, requiring that Approved Insurance Providers (AIPs) cease and desist any cancellation of agent contracts until RMA completed its review of the information requested in the bulletin. On June 3, 2024, RMA issued MGR-24-003.1, wherein it lifted the cease-and-desist requirement of MGR-24-003.

For the Common Crop Insurance Policy and Area Risk Protection Insurance, the Risk Management Agency (RMA) approved 2024 CY harvest prices for insurance offers with a harvest price discovery period of June 1, 2024, through June 30, 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 July 3, 2024:

In accordance with Section 15 of the ARPI Crop Provisions, Section 10 of the SCO Endorsement, Section 10 of the ECO Endorsement, and Section 9 of the STAX Cotton Crop Provisions, approved final county yields, final county revenues, and payment factors for the 2023 crop year will be available by close of business today in the following formats: