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Enhanced Coverage Option

Acronym
ECO

PM-21-053

Cultivated Wild Rice

The following additional price elections are provided for the 2022 CY cultivated wild rice program in California and Minnesota counties with a September 30, 2021, sales closing date.

Actuarial 21-029

As of August 25, 2021 the following information is now available on the FTP site:

  • 2021 Actuarial Data Master for the 4/30, 11/30 Filing Date, YTD, and Daily Files.
  • 2022 Actuarial Data Master for the 8/31 Filing Date, YTD, and Daily Files.

Users can find this information in the following directories:

Actuarial 21-020

As of June 28, 2021 the following information is now available on the FTP site:

  • 2022 Actuarial Data Master for the 6/30 Filing Date, YTD, and Daily Files.
  • 2022 Special Provisions for the 6/30 Filing Date.

Users can find this information in the following directories:

  • 2022 Actuarial Data Master are in the References/Actuarial_Data_Master/2022 directory.
  • 2022 Special Provisions are in the Special_Provisions/2022 directory.

Additional notes and details regarding this data release:

Actuarial 21-019

As of June 25, 2021 the following information is now available on the FTP site:

  • 2022 Actuarial Data Master for the 4/30, 6/30 Filing Date, YTD, and Daily Files.
  • 2022 Special Provisions for the 6/30 Filing Date.

Users can find this information in the following directories:

  • 2022 Actuarial Data Master are in the References/Actuarial_Data_Master/2022 directory.
  • 2022 Special Provisions are in the Special_Provisions/2022 directory.

Additional notes and details regarding this data release:

OA-21-001

Background

The Risk Management Agency (RMA) has received several questions about the Wildfire Hurricane Indemnity Program (WHIP) and Wildfire Hurricane Indemnity Program+ (WHIP+) administered by USDA’s Farm Service Agency (FSA). Specifically, RMA has been asked if Hurricane Insurance Protection-Wind Index (HIP-WI), Supplemental Coverage Option (SCO), Enhanced Coverage Option (ECO), Stacked Income Protection Plan (STAX), and Margin Protection Plan (MP) can be used to meet linkage requirements under WHIP and WHIP+.

PM-21-012

Additional Price Elections:

In accordance with section 3(e)(1) of the Basic Provisions, RMA is providing additional price elections for selected APH, SCO, and ECO dry bean and dry pea types with a March 15, 2021 SCD.

Dry Beans
Iowa, South Dakota, and Wisconsin;

Type and Organic Practice
(not all types may be available in all states)

PM-21-008

Additional Price Elections:

In accordance with section 3(e)(1) of the Basic Provisions, RMA is providing additional price elections for selected APH, SCO and ECO dry bean types with a February 28, 2021 SCD.

COM-20-009

Background

On November 19, 2020, RMA released the 2021 Enhanced Coverage Option Endorsement (21-ECO) and 2021 Enhanced Coverage Option Insurance Standards Handbook (FCIC-24400) on the RMA website. ECO provides area-based coverage for a portion of the policyholder’s underlying policy deductible like the Supplemental Coverage Option (SCO). The underlying policy must be under the Basic Provisions of the Common Crop Insurance Policy –Yield Protection, Revenue Protection, Revenue Protection with the Harvest Price Exclusion, Yield Based Dollar Amount of Insurance, and APH policies.

PM-20-078

Background

On August 20, 2020, the Federal Crop Insurance Corporation Board of Directors approved the implementation of the ECO, under section 508(h) of the Federal Crop Insurance Act. ECO will be available for the 2021 crop year for select crops with a contract change date of November 30, 2020 or later. ECO provides area-based coverage for a portion of the policyholder’s underlying policy deductible like the Supplemental Coverage Option (SCO).