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Subject: This issuance replaces FAD-298 published on Risk Management Agency's (RMA) website on August 4, 2020. The revised issuance is needed to provide clarity regarding whether procedures established by the Federal Crop Insurance Corporation (FCIC) in the Loss Adjustment Manual and the Apple Loss Adjustment Standards Handbook (LASH) are part of the contract between the approved insurance provider (AIP) and the policyholder.
In accordance with Section 15 of the ARPI Crop Provisions, Section 10 of the ECO Endorsement, Section 14 of the MP Crop Provisions, and Section 10 of the SCO Endorsement, approved final county yields, final county revenues, harvest revenues, harvest margins and payment factors for the 2023 crop year will be available by close of business May 15, 2024, in the following formats:
In accordance with the Special Provisions, Price B will be established by adding premiums and/or discounts associated with the predominant cotton quality characteristics, as determined by the Farm Service Agency, to the Upland and Extra Long Staple (ELS) Cotton National Average Loan Rates. The predominant quality characteristics of cotton in each state are determined from the most recent three years of Agricultural Marketing Service cotton classing data.
