On July 28, 2020, the Risk Management Agency (RMA) issued Product Management Bulletin: PM-20-051, involving the Hurricane Insurance Protection – Wind Index End of Insurance Extension Option, the Hurricane Insurance Protection – Wind Index Endorsement 2020 End of Insurance Extension Option, and the Hurricane Insurance Protection – Wind Index End of Insurance Extension Option Procedures. …
Crop Insurance News and Analysis – July 27, 2020 – Final Agency Determination: FAD-297
On July 27, 2020, the Risk Management Agency (RMA) published FAD-297, interpreting section 6(d)(1) of the Common Crop Insurance Policy Basic Provisions (Basic Provisions) involving the ability to revise an acreage report. https://www.rma.usda.gov/en/Policy-and-Procedure/Final-Agency-Determinations/Basic-Provisions-6d-FAD-297. RMA states that the requestors interpretation of section 6(d)(1) of the Basic Provisions is that that the failure of a Farm Service …
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Crop Insurance News and Analysis – July 23, 2020 – National Fact Sheets for Prevented Planting for Flood and Drought, and First and Second Crops
On July 23, 2020, the Risk Management Agency issued a number of National Fact Sheets related to prevented planting for flood and drought, and first insured and second crops. https://www.rma.usda.gov/en/Fact-Sheets/National-Fact-Sheets/Prevented-Planting-Insurance-Provisions-Flood; https://www.rma.usda.gov/en/Fact-Sheets/National-Fact-Sheets/Prevented-Planting-Insurance-Provisions-Drought; https://www.rma.usda.gov/en/Fact-Sheets/National-Fact-Sheets/First-and-Second-Crop-Rules. The National Fact Sheets related to prevented planting for drought and flood provide general information related to coverages, availability, options, record keeping, etc. …
Crop Insurance News and Analysis – July 21, 2020 – Drought Damaged Crops
On July 21, 2020, the Risk Management Agency (RMA) issued Frequently Asked Questions for drought damaged crops. https://www.rma.usda.gov/en/News-Room/Frequently-Asked-Questions/Crop-Insurance-and-Drought-Damaged-Crops. Questions involved issues such as what producers should do when crops are drought damaged (RMA states producers should contact their agent with a notice of loss within 72 hours of discovery of damage or not later than …
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