On December 23, 2019, the Risk Management Agency (RMA) issued Managers Bulletin: MGR-19-029, which involved determining eligible prevented planting acreage when the contracted crop acreage is reduced. https://www.rma.usda.gov/en/Policy-and-Procedure/Bulletins-and-Memos/2019/MGR-19-029. RMA states the bulletin is addressing those situations where some insureds had reduced contracted acreage in 2019, which were not reduced solely due to prevented planting (e.g. …
Crop Insurance News and Analysis – December 19, 2019 – Breached Levee Statement
On December 19, 2019, the Risk Management Agency (RMA) issued Frequently Asked Questions (FAQs) regarding the breached levee statement. https://www.rma.usda.gov/en/News-Room/Frequently-Asked-Questions/Breached-Levee-Statement. The FAQs provides answers to questions regarding the statement contained in certain Special Provisions in the Actuarial Documents. The Special Provisions statement reads: “Land flooded due to a breach in a levee resulting from prior …
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Crop Insurance News and Analysis – December 5, 2019 – Top Up Prevented Planting Payments
On December 5, 2019, the Risk Management Agency (RMA) issued a reminder to all producers who received “top-up payments” that they need to purchase crop insurance for the next two years. https://www.rma.usda.gov/en/News-Room/Press/Stakeholder-Information/2019-News/RMA-Reminds-Producers-Who-Received-Top-Up-Payments. RMA stated that producers who received a prevented planting payment in 2019 for flooding, excess moisture, and causes other than drought automatically received …
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Crop Insurance News and Analysis – December 2, 2019 – Harvest Prices
On December 2, 2019, the Risk Management Agency (RMA) issued Product Management Bulletin: PM-19-072 announcing the 2019 Common Crop Insurance Policy and Area Risk Protection Insurance harvest prices for certain crops and states. https://www.rma.usda.gov/en/Policy-and-Procedure/Bulletins-and-Memos/2019/PM-19-072. ANALYSIS – For the crops and states contained in PM-19-072: For corn in Idaho, Michigan, Oregon and Washington the price decreased …
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