Background

The 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. RMA recently completed its field review of policies for the Fiscal Year (FY) 2023 (Reinsurance Year (RY) 2021) reporting period and is currently reviewing policies for the FY2024 (RY2022) reporting period.

Background

The Federal Crop Insurance Corporation has expanded the number of counties where certain crops are insurable for the 2024 crop year having a November 30 contract change date. The following attachment lists the county crop program expansion by crop, state, and county.

Action

Approved Insurance Providers should advise producers of the expanded county crop programs for the 2024 crop year. 

DISPOSAL DATE: 
December 31, 2024. 

As of November 17, 2023 the following information is now available on the FTP site:

• 2024 Actuarial Data Master for the 11/30 Filing Date, YTD, and Daily Files.
• 2024 Special Provisions for the 11/30 Filing Date.

Users can find this information in the following directories:

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

Additional notes and details regarding this data release:

As of November 16, 2023 the following information is now available on the FTP site:

• 2024 Actuarial Data Master for the 6/30, 8/31, 11/30, 12/31 Filing Date, YTD, and Daily Files.
• 2024 Special Provisions for the 8/31, 11/30, 12/31 Filing Date.

Users can find this information in the following directories:

Background

The Federal Crop Insurance Corporation (FCIC) Board of Directors approved changes to the Sesame pilot crop insurance program on November 16, 2023. The following changes are applicable for the 2024 and succeeding crop years:

Background

The Risk Management Agency (RMA) derives prices for certain programs by applying factors and premiums to conventional projected and harvest prices established in accordance with the Commodity Exchange Price Provisions (CEPP). The factors and premiums for organic rice, organic cotton, popcorn, organic popcorn, confectionery sunflowers, organic sunflowers, and grain sorghum are provided below.

Action

Organic Rice Price Factor

Background

The Federal Crop Insurance Corporation (FCIC) Board of Directors approved expansion of the Hemp crop insurance program, under section 508(h) of the Federal Crop Insurance Act, on August 17, 2023.

Beginning with the 2024 crop year, the program will be available in 171 new counties in Missouri and South Dakota.

Action

The following documents will be available by close of business today on the Risk Management Agency (RMA) website at www.rma.usda.gov:

Background

The Federal Crop Insurance Corporation Board of Directors approved the Shellfish pilot insurance program under section 523 of the Federal Crop Insurance Act effective for 2024 and succeeding crop years. The Risk Management Agency (RMA) published all program materials on September 29, 2023. The first sales closing date (SCD) is November 30, 2023, with the insurance period beginning January 1, 2024.

Background

The Federal Crop Insurance Corporation (FCIC) amended the Sugar Beet Crop Provisions for the 2024 and succeeding crop years in states with a November 30 contract change date and for the 2025 and succeeding crop years in Imperial County, California, with the following changes:

For the Common Crop Insurance Policy and Area Risk Protection Insurance, the Risk Management Agency (RMA) approved 2023 CY harvest prices for insurance offers with a harvest price discovery period of October 1, 2023, through October 31, 2023. 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 November 3, 2023: