Basic Provisions

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:

Background

The Risk Management Agency (RMA) is amending the Sugar Beet Crop Insurance Provisions via final rule with request for comments. The final rule with request for comment published in the Federal Register on September 10, 2018. The intended effect of this action is to update the policy to better reflect current agricultural practices. The following policy modifications were made to the Sugar Beet Crop Insurance Provisions:

Background

The Risk Management Agency (RMA) has received questions regarding the impact to crop insurance policies when the Farm Service Agency (FSA) divides tracts and associated common land units (CLUs) located in multiple counties into their physical county location.

Background

The Federal Crop Insurance Corporation (FCIC) has revised the Catastrophic Risk Protection Endorsement, the Area Risk Protection Insurance Regulations, and the Common Crop Insurance Regulations, Basic Provisions to incorporate changes made in the Agriculture Improvement Act of 2018 (“2018 Farm Bill”). A Final Rule published in the Federal Register on June 28, 2019.

This rule revises the provisions regarding the:

Background

Approved Insurance Providers (AIPs) are required to review eligible crop insurance contracts identified by the criteria in Appendix IV of the Standard Reinsurance Agreement or as otherwise specified by the Risk Management Agency (RMA). These include Actual Production History (APH) reviews. The Common Crop Insurance Policy Basic Provisions (BP) provides, in part, that if the insured does not have written verifiable records to support the information on the production report, the insured will receive an assigned yield in their APH.

Additional Price Elections:

In accordance with section 3(e)(1) of the Basic Provisions, RMA is providing additional price elections for selected California grape varieties with a January 31, 2019 SCD.

Background

As announced today, Risk Management Agency (RMA) has developed the Multi-County Enterprise Unit (MCEU) Endorsement in response to requests to incorporate small amounts of acreage from one county into an enterprise unit for a contiguous county. The MCEU Endorsement attaches to eligible Common Crop Insurance Policy, Basic Provisions, and Crop Provisions for the insured crop and allows a producer to combine acreage of an insured crop, by irrigation practice, if applicable, in two contiguous counties in the same state into one enterprise unit (EU).

Background

The Risk Management Agency (RMA) revised the Whole-Farm Revenue Protection (WFRP) plan of insurance for the 2019 and subsequent policy years. RMA consulted with stakeholders and based on their feedback, made the following modifications and clarifications to the WFRP policy:

Commodity Code Consolidation

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:

Additional Price Elections:

In accordance with section 3(e)(1) of the Basic Provisions, RMA is providing additional price elections for selected APH and SCO dry bean types and dry pea types with a March 15, 2018 SCD.