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Wheat

PM-20-036: Commodity Exchange Price Provisions for the 2021 and Succeeding Crop Years

Background

The Commodity Exchange Price Provisions (CEPP) are used in conjunction with either the Common Crop Insurance Policy Basic Provisions or the Area Risk Protection Insurance Basic Provisions, along with Crop Provisions for the following crops: barley, canola/rapeseed, corn, cotton, grain sorghum, rice, soybeans, sunflowers and wheat.

The CEPP specifies how and when the projected and harvest price components will be determined. The CEPP contains two sections:

PM-20-034: Margin Protection Plan of Insurance Changes Effective for the 2021 and Succeeding Crop Years

Background

The Risk Management Agency (RMA) uses fertilizer prices posted by the Chicago Mercantile Exchange Group (CME) to establish guarantees and determine indemnities under the Margin Protection (MP) Plan of Insurance. The CME has recently discontinued posting swaps prices for Urea (as of January 2020) and Diammonium Phosphate (DAP) (following the March 2020 contract). As a result of the change in available price data, RMA is updating the MP price provisions to utilize futures prices for Urea and DAP.

Actuarial Release 20-021

As of May 01, 2020 the following information is now available on the FTP site:

  • 2018 Actuarial Data Master for the 8/31 Filing Date, YTD, and Daily Files.
  • 2019 Actuarial Data Master for the 6/30, 8/31, 10/31, 11/30 Filing Date, YTD, and Daily Files.
  • 2020 Actuarial Data Master for the 1/31 Filing Date, YTD, and Daily Files.

Users can find this information in the following directories:

Actuarial Release 20-018

As of April 16, 2020 the following information is now available on the FTP site:

  • 2018 Actuarial Data Master for the 6/30 Filing Date, YTD, and Daily Files.
  • 2019 Actuarial Data Master for the 4/30, 6/30, 8/31, 9/30, 11/30 Filing Date, YTD, and Daily Files.
  • 2020 Actuarial Data Master for the 4/30, 8/31 Filing Date, YTD, and Daily Files.
  • 2021 Actuarial Data Master for the 4/30 Filing Date, YTD, and Daily Files.

Users can find this information in the following directories:

PM-20-026: 2018 Crop Year Supplemental Coverage Option (SCO) Final County Yields for Sugarcane; 2019 Crop Year Margin Protection (MP) Final County Yields, Harvest Revenue and Harvest Margins for Corn, Soybeans and Rice; 2019 Crop Year Area Risk Protection

In accordance with Section 15 of the ARPI Crop Provisions, Section 14 of the MP Crop Provisions and Section 10 of the SCO Endorsement, approved final county yields, final county revenues, harvest revenues and harvest margins for the 2018/2019 crop year will be available by close of business today in the following formats:

Actuarial Release 20-015

As of April 01, 2020 the following information is now available on the FTP site:

  • 2019 Actuarial Data Master for the 6/30, 11/30 Filing Date, YTD, and Daily Files.
  • 2020 Actuarial Data Master for the 4/30 Filing Date, YTD, and Daily Files.

Users can find this information in the following directories:

PM-20-017: 2020 Crop Year (CY) Common Crop Insurance Policy and Area Risk Protection Insurance Projected Prices and Volatility Factors; Malting Barley Endorsement Projected Price Component and Volatility Factor; and Hybrid Seed Price Endorsement - Hybrid