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PM-15-037: Insuring Carinata for the 2016 and Succeeding Crop Years

Background

Approved insurance providers (AIPs) and producers have raised questions regarding the insurability of Brassica carinata (hereafter referred to as “carinata”). Carinata is an inedible oilseed sharing characteristics of both mustard and canola intended for the biofuel market. A common name for the crop is “Ethiopian Mustard.” Processor contracts are being promoted in both fall and spring-seeded canola counties for the 2016 crop year.

PM-15-035: Margin Protection Plan of Insurance - 2016 and Succeeding Crop Years

Background

The Federal Crop Insurance Corporation Board of Directors approved the Margin Protection (MP) Plan of Insurance for corn, wheat, rice and soybeans on June 24, 2014. The MP plan of insurance is a privately developed product that was approved under section 508(h) of the Federal Crop Insurance Act. The table below shows the crops and states were MP will be available.

Actuarial Release 15-028

As of July 08, 2015 the following information is now available on the FTP site:

  • 2014 Actuarial Data Master for the 11/30 Filing Date, YTD, and Daily Files.
  • 2016 Actuarial Data Master for the 6/30 Filing Date, YTD, and Daily Files.
  • 2016 Special Provisions for the 6/30 Filing Date.

Users can find this information in the following directories:

PM-15-034: 2015 Crop Year Common Crop Insurance Policy and Area Risk Protection Insurance Harvest Prices Announcement

Common Crop Insurance Policy & Area Risk Protection Insurance 1

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

Actuarial Release 15-027

As of July 01, 2015 the following information is now available on the FTP site:

  • 2015 Actuarial Data Master for the 4/30, 6/30, 8/31, 11/30 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:

PM-15-032: Agricultural Act of 2014 – Conservation Compliance

Background

Section 2611 of the Agricultural Act of 2014 (2014 Farm Bill), enacted on February 7, 2014, links eligibility for Federal crop insurance premium subsidy paid by the Federal Crop Insurance Corporation (FCIC) to the Highly Erodible Land Conservation (HELC) and Wetland Conservation (WC) compliance provisions of the Food Security Act of 1985. The producer benefits affected are eligibility for premium subsidy paid by FCIC on their behalf.

PM-15-031: 2016 Appendix III - Standard Reinsurance Agreement and Livestock Price Reinsurance Agreement

The 2016 Appendix III to the Standard Reinsurance Agreement and the Livestock Price Reinsurance Agreement has been updated with approved modifications. Appendix III is available electronically via the Risk Management Agency (RMA) website at www.rma.usda.gov/policy-procedure/appendix-iiim-13-handbook-index under the Appendix III/M-13 directory.

Modifications in the 2016 Appendix III include:

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