Archives for February 2020

On February 19-20, 2020, the Risk Management Agency (RMA) announced a new crop insurance program for nursery through a Product Management Bulletin: PM-20-10, press release, Nursery Value Select Crop Provisions, Frequently Asked Questions, and National Fact Sheet. https://www.rma.usda.gov/en/Policy-and-Procedure/Bulletins-and-Memos/2020/PM-20-010; https://www.rma.usda.gov/en/News-Room/Press/Press-Releases/2020-News/USDA-Offers-New-Crop-Insurance-Pilot-Program-for-Nursery-Crops-in-2021; https://www.rma.usda.gov/-/media/RMAweb/Policies/Nursery-Value-Select/Nursery-Value-Select-Crop-Provisions-21-1010.ashx; https://www.rma.usda.gov/en/News-Room/Frequently-Asked-Questions/Nursery-Value-Select; https://www.rma.usda.gov/en/Fact-Sheets/National-Fact-Sheets/Nursery-Value-Select. RMA states that the new Nursery Value Select Pilot Program will: 1) simplify …

Crop Insurance News and Analysis – February 19, 2020 – Nursery Value Select Pilot ProgramRead More

On February 14, 2020, RMA issued a series of Informational Memorandum for Missouri, Iowa, Kansas and Nebraska involving the determination of actuarial rates as a result of breeched levees in those states. https://www.rma.usda.gov/-/media/RMAweb/Regional-Offices/Topeka-KS/Underwriting-Guidelines/Actuarial-Rates-Resulting-from-Breached-Levees-Nebraska-2-14-2020.ashx; https://www.rma.usda.gov/-/media/RMAweb/Regional-Offices/Topeka-KS/Underwriting-Guidelines/Actuarial-Rates-Resulting-from-Breached-Levees-Missouri-2-14-2020.ashx; https://www.rma.usda.gov/-/media/RMAweb/Regional-Offices/Topeka-KS/Underwriting-Guidelines/Actuarial-Rates-Resulting-from-Breached-Levees-Kansas-2-14-2020.ashx; https://www.rma.usda.gov/-/media/RMAweb/Regional-Offices/St-Paul-MN/Underwriting/Actuarial-Rates-Resulting-from-Breached-Levees-Iowa—2020.ashx. Each Informational Memorandum quotes the Breeched Levee Statement in the Special Provisions, which states that the premium rate is …

Crop Insurance News and Analysis – February 14, 2020 – Actuarial Rates from Breached Levees Missouri, Iowa, Kansas, NebraskaRead More

On January 23, 2020, the Risk Management Agency (RMA) issued Product Management Bulletin: PM-20-006, announcing the approval of the Apple Tree Policy. https://www.rma.usda.gov/en/Policy-and-Procedure/Bulletins-and-Memos/2020/PM-20-006. In conjunction, RMA released the Apple Tree Crop Provisions, Apple Tree Endorsement, and the Apple Tree Fire Blight Endorsement. https://www.rma.usda.gov/-/media/RMAweb/Policies/Apple-Tree/Apple-Tree-Crop-Provisions-21-APT.ashx; https://www.rma.usda.gov/-/media/RMAweb/Policies/Apple-Tree/Apple-Tree-Crop-Provisions-21-APT/Apple-Tree-Endorsement-21-APT-A.ashx; https://www.rma.usda.gov/-/media/RMAweb/Policies/Apple-Tree/Apple-Tree-Crop-Provisions-21-APT/Apple-Tree-Fire-Blight-Endorsement-21-APT-B.ashx. ANALYSIS – Other than the policy documents, no information regarding …

Crop Insurance News and Analysis – January 23, 2020 – Apple Tree Policy RevisionsRead More

On January 16, 2020, the Risk Management Agency issued Product Management Bulletin: PM-20-005, the Pecan Tree Crop Provisions, and the Pecan Tree National Insurance Fact Sheet that referred to revisions made to the Pecan Tree Crop Provisions. https://www.rma.usda.gov/en/Policy-and-Procedure/Bulletins-and-Memos/2020/PM-20-005; https://www.rma.usda.gov/-/media/RMAweb/Policies/Pecan-Tree/2021/Pecan-Tree-Crop-Provisions-21-PCT.ashx; https://www.rma.usda.gov/en/Fact-Sheets/National-Fact-Sheets/Pecan-Tree-Insurance. RMA stated that the changes were effective for the 2021 and succeeding crop years. In …

Crop Insurance News and Analysis – January 16, 2020 – Pecan Tree Policy RevisionsRead More