The Risk Management Agency (RMA) issued Manager’s Bulletin MGR-19-017 and a Fact Sheet regarding added flexibility for when cover crops must be terminated while remaining eligible for crop insurance. The Farm Service Agency (FSA), Natural Resources Conservation Services (NRCS), and RMA developed new NRCS Cover Crop Termination Guidelines (Guidelines) that maximize conservation benefits and increase …
Crop Insurance News and Analysis – June 28, 2019
June 28, 2019 was an full day for the Risk Management Agency (RMA). In addition to numerous handbooks that were updated and released, RMA published a rule that revised the Common Crop Insurance Policy Basic Provisions (Basic Provisions), Area Risk Protection Insurance (ARPI) policy, and Catastrophic Risk Protection (CAT) Endorsement. Many of the changes were …
Crop Insurance News and Analysis – June 20, 2019
The Risk Management Agency (RMA) issued Managers Bulletin MGR-19-015 that offers prevented planting cover crop relief. The basis for the relief is the unprecedented amount of prevented planting claims, the need for animal feed, and the flexibility around the use of cover crops planted on prevented planting acreage has made haying, grazing, and cutting for …
Crop Insurance News and Analysis – June 13, 2019
Prevented planting seems to be on everyone’s mind as the days wind down to plant any crop and have it insured. Producers have to make decisions on whether to try to plant and must take into consideration the prevented planting payment versus a Market Facilitation Program (MFP) payment. Last month, immediately upon China reneging on …
Crop Insurance News and Analysis – June 12, 2019
There have been several articles published the last few days regarding prevented planting and whether Secretary Perdue will allow a portion of the new disaster legislation funding to be used to increase the amount of preventing planting coverage. Currently prevented planting coverage stands at 55-60 percent of the guarantee for corn and soybeans and there …
Crop Insurance News and Analysis – June 5, 2019
On June 3-5, 2019, the Federal Crop Insurance Corporation Board of Directors (Board) met in Washington, DC. The agenda showed a very full meeting with numerous user fee requests, concept proposals and submissions (https://www.rma.usda.gov/-/media/RMAweb/FCIC/2019/2019-June/0604agenda.ashx?la=en). Of the 15 action items on the agenda, it appeared that the Board acted on 12 of them (https://www.rma.usda.gov/en/Federal-Crop-Insurance-Corporation/Board-Meetings/2019-06-04). The Board …