On March 6, 2020, the Risk Management Agency (RMA) issued Managers Bulletin: MGR-20-004, regarding emergency loss procedures for unharvested crops that were flooded above the edible portion. https://www.rma.usda.gov/en/Policy-and-Procedure/Bulletins-and-Memos/2020/MGR-20-004. RMA states that excessive precipitation in 2019 caused flooding in many counties in Minnesota, Missouri, North Dakota, and South Dakota. RMA states that a significant number of …
Crop Insurance News and Analysis – March 16, 2020 – FAD-292
On March 16, 2020, the Risk Management Agency (RMA) issued Final Agency Determination: FAD 292, interpreting section 20(a) of the Common Crop Insurance Policy Basic Provisions (Basic Provisions). https://www.rma.usda.gov/en/Policy-and-Procedure/Final-Agency-Determinations/Basic-Provisions-20a-FAD-292. The first requestor interpreted sections 20(a) and (b)(1) and (2) of the Basic Provisions to mean that all rights and obligations under the policy are reserved …
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Crop Insurance News and Analysis – March 6, 2020 – Large Claims
On March 6, 2020, the Risk Management Agency (RMA) issued an Informational Memorandum: IS-20-001 regarding large claims notification. https://www.rma.usda.gov/en/Policy-and-Procedure/Bulletins-and-Memos/2020/IS-20-001. RMA states that section IV of Appendix I to the Standard Reinsurance Agreement requires that all approved insurance providers (AIPs) comply with all provisions of the large claims procedures as a condition of reinsurance. RMA states …
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Crop Insurance News and Analysis – March 3, 2020 – Specialty Crops
On March 3, 2020, the Risk Management Agency (RMA) issued a Fact Sheet for Specialty Crops. https://www.rma.usda.gov/en/Fact-Sheets/National-Fact-Sheets/Specialty-Crops. The Fact Sheet states that certain specialty crops are individually insured and that all specialty crops can be insured under the Whole Farm Revenue Protection policy, which is available in all states and counties in the U.S for …
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Crop Insurance News and Analysis – February 10, 2020 and February 27, 2020 Update- Hurricane Insurance Protection – Wind Index
On February 10, 2020, the Risk Management Agency (RMA) announced a new endorsement to the Common Crop Insurance Policy Basic Provisions (Basic Provisions) for both catastrophic risk protection (CAT) and additional coverage when provided in the actuarial documents called the Hurricane Insurance Protection – Wind Index Endorsement (Endorsement). https://www.rma.usda.gov/en/Fact-Sheets/National-Fact-Sheets/Hurricane-Insurance-Protection. RMA states that the Endorsement covers …
Crop Insurance News and Analysis – February 25, 2020 – Requests to Increase Prevented Planting Coverage Level
On February, 25, 2020, the Risk Management Agency (RMA) issued Product Management Bulletin: PM-20-013 related to requests to increase prevented planting coverage. https://www.rma.usda.gov/en/Policy-and-Procedure/Bulletins-and-Memos/2020/PM-20-013. RMA states that it has been receiving requests regarding what factors approved insurance providers (AIPs) should consider when determining whether a cause of loss is present that may prevent planting, which would …
Crop Insurance News and Analysis – February 20, 2020 – Prevented Planting on Added Land
On February 20, 2020, the Risk Management Agency (RMA) issued Managers Bulletin: MGR-20-003. related to prevented planting on added land. https://www.rma.usda.gov/en/Policy-and-Procedure/Bulletins-and-Memos/2020/MGR-20-003. RMA states it has received questions when prevented planting decisions should be made on added land. RMA quotes section 20(f)(12) of the Common Crop Insurance Policy Basic Provisions (Basic Provisions)., which states that prevented …
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