The Risk Management Agency (RMA) issued a press release that would allow producers who previously purchased the Livestock Gross Margin for Dairy Cattle (LGM-Dairy) to now sign up for the Margin Protection Program for Dairy (MPP-Dairy) offered by the Farm Service Agency (FSA). The sign-up period is from March 25, 2019 though May 10, 2019. …
Crop Insurance News and Analysis – March 14, 2019
The Risk Management Agency (RMA) was busy today. RMA issued Managers Bulletin: MGR-19-005, which revises the Actual Production History (APH) review procedures under Appendix IV of the Standard Reinsurance Agreement. RMA states that the Common Crop Insurance Policy Basic Provisions (Basic Provisions), published at 7 C.F.R. 457.8, requires the producer to have written verifiable records …
Crop Insurance News and Analysis – March 12, 2019
On March 12, 2019, RMA issued Manager’s Bulletin: MGR-19-004, that revised the definition of beginning farmer and rancher under the Whole Farm Revenue Protection (WRFP) policy beginning with the 2019 and succeeding years. The 2018 Farm Bill enacted on December 20, 2018, revised the definition of beginning farmer or rancher for the Whole Farm Revenue …
Crop Insurance News and Analysis – March 1, 2019
Under section 11003 of the 2014 Farm Bill states that producers who the Agriculture Risk Coverage (ARC) are not eligible for coverage under the Supplemental Coverage Option. Section 1115 of the 2014 Farm Bill required producers to make a irrevocable election whether to chose ARC or Price Loss Coverage under section 1116 for the 2014 …
Crop Insurance News and Analysis – February 25, 2019
In the 2018 Farm Bill, Congress revised a number of provisions of statutory provisions relating to hemp (see sections 7129, 7501, 7605, 10113, 10114, and 12619). Congress also amended the Federal Crop Insurance Act relating to hemp (see 11101, 11106, 11113, 11119, and 11121) . Section 12619 of the 2018 Farm Bill made cannabis that …
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Crop Insurance News and Analysis – February 7, 2019
The Risk Management Agency (RMA) issues a new Final Agency Determination, FAD-286, that interprets sections 12 and 14 of the Common Crop Insurance Policy Basic Provisions (Basic Provisions). The interpretation sought had to do with those provisions relating to insurable cause of loss and the policy language in section 12 that references “unavoidable, naturally occurring …
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Crop Insurance News and Analysis – February 4, 2019
RMA issued Manager’s Bulletin: MGR-19-001 that expanded the 2019 and 2020 crop year county perennial and spring crops for a number of crops, states, and counties and recommended that approved insurance providers should advise producers of the expanded programs. ANALYSIS – Periodically the Risk Management Agency (RMA) reviews its crop/county programs to determine whether there …
Crop Insurance News and Analysis – February 4, 2019Read More