Tobacco

BACKGROUND:

Beginning with flue cured tobacco in the 2021 crop year, the Risk Management Agency (RMA) has issued two price elections for tobacco. One price for tobacco grown under contract and one price for non-contracted tobacco. Producers who grow both are eligible for a blended price. Additionally, RMA has limited quality adjustment to only apply to contracted tobacco. This pricing structure has since been expanded to burley, dark air, fire cured, and Maryland tobacco.

Background

Beginning with the 2008 crop year, the Risk Management Agency (RMA) released a new version of the Tobacco Crop Provisions combining two previously existing programs for tobacco into a single policy. The 2008 issuance of the policy included provisions from both previously existing policies, the Quota Tobacco Crop Provisions and the Guaranteed Tobacco Crop Provisions.

Additional Price Election:

In accordance with section 3(e)(1) of the Basic Provisions, the Risk Management Agency is providing an additional price (a new Maximum Over Established Price) for contracted flue-cured tobacco covered by the Tobacco Policy.

Background

On July 21, 2023, the Risk Management Agency (RMA) issued MGR-23-002, Emergency Procedures for Crops Damaged by Excessive Rainfall and Catastrophic Flooding, authorizing emergency procedures for all counties in Connecticut, Massachusetts, New Hampshire, New Jersey, New York, Rhode Island, and Vermont.

Since the issuance of MGR-23-002, RMA has received requests for emergency procedures for an additional crop as the impact of the excessive rainfall and catastrophic flooding has evolved.

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 2022 crop year will be available by close of business today in the following formats:

As of February 01, 2023 the following information is now available on the FTP site:

• 2023 Actuarial Data Master for the 4/30, 11/30 Filing Date, YTD, and Daily Files.

Users can find this information in the following directories:

• 2023 Actuarial Data Master are in the References/Actuarial_Data_Master/2023 directory.

Additional notes and details regarding this data release:

As of November 30, 2022 the following information is now available on the FTP site:

• 2022 Actuarial Data Master for the 4/30, 8/31 Filing Date, YTD, and Daily Files.
• 2023 Actuarial Data Master for the 11/30 Filing Date, YTD, and Daily Files.
• 2023 Special Provisions for the 11/30 Filing Date.

Users can find this information in the following directories: