On September 14, 2020, the Risk Management Agency (RMA) issued a Press release announcing increased subsidies and other improvements to the Livestock Risk Protection (LRP) Insurance Program and on September 16, 2020, RMA issued Product Management Bulletin: PM-20-064. https://www.rma.usda.gov/en/News-Room/Press/Press-Releases/2020-News/USDA-Announces-Increased-Subsidies-and-Other-Improvements-to-the-LRP-Program; https://www.rma.usda.gov/en/Policy-and-Procedure/Bulletins-and-Memos/2020/PM-20-064. RMA states that the Federal Crop Insurance Corporation’s Board of Directors (Board) approved revisions to …
Crop Insurance News and Analysis – September 8, 2020 – Wildfire Frequently Asked Questions
On September 8, 2020, the Risk Management Agency (RMA) issued Frequently Asked Questions (FAQs) relating to the wildfires. https://www.rma.usda.gov/en/News-Room/Frequently-Asked-Questions/Wildfires. RMA provided the following information: Losses from resulting conditions of wildfire, such as smoke-taint, are an insurable cause of loss for certain crops. With respect to natural causes, a fire may have been ignited due to …
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Crop Insurance News and Analysis – September 3, 2020 – Emergency Loss Procedures for Crops Flooded Above the Edible Portion
On September 3, 2020, the Risk Management Agency (RMA) issued Managers Bulletin MGR-20-028, providing emergency loss procedures for crops flooded above the edible portion as a result of Hurricane Hanna. https://www.rma.usda.gov/en/Policy-and-Procedure/Bulletins-and-Memos/2020/MGR-20-028. RMA states that excessive precipitation associated with Hurricane Hanna has caused flooding in Texas. RMA states that a significant amount of unharvested cropland acres …
Crop Insurance News ad Analysis – August 31, 2020 – Sales Closing Date Strawberries
On August 31, 2020, the Risk Management Agency (RMA) issued Managers Bulletin: MGR-20-027 that extended the sales closing date for strawberries. https://www.rma.usda.gov/en/Policy-and-Procedure/Bulletins-and-Memos/2020/MGR-20-027. RMA states that on May 21, 2020, The Federal Crop Insurance Corporation Board of Directors approved the Production and Revenue History (PRH) plan of insurance for strawberries for the 2021 crop year. RMA …
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Crop Insurance News and Analysis – August 28, 2020 – Whole-Farm Revenue Protection Pilot Plan of Insurance Modifications
On August 28, 2020, the Risk Management Agency (RMA) issued Product Management Bulletin: PM-20-059 that provided the modifications to the Whole-Farm Revenue Protection Pilot Plan of Insurance effective for the 2021 and subsequent year and the Whole-Farm Revenue Protection Pilot Policy. https://www.rma.usda.gov/en/Policy-and-Procedure/Bulletins-and-Memos/2020/PM-20-059; https://www.rma.usda.gov/-/media/RMAweb/Policies/Whole-Farm-Revenue-Protection/2021/Whole-Farm-Revenue-Protection-Pilot-Policy-21-0076.ashx. RMA states that the Agricultural Improvement Act of 2018 (2018 Farm Bill) …
Crop Insurance News and Analysis – August 28, 2020 – California Citrus Tree
On August 28, 2020, the Risk Management Agency (RMA) issued Product Management Bulletin: PM-20-060 that stated on August 15, 2020, the Federal Crop Insurance Corporation Board of Directors approved the California Citrus Tree Cop Insurance Program effective for the 2021 and succeeding years in select California counties. https://www.rma.usda.gov/en/Policy-and-Procedure/Bulletins-and-Memos/2020/PM-20-060. RMA also published the California Citrus Tree …
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Crop Insurance News and Analysis – August 28, 2020 – Hurricane Insurance Protection – Wind Index Endorsement
On August 28, 2020, the Risk Management Agency (RMA) released a number of documents related to the Hurricane Insurance Protection – Wind Index Endorsement, including Product Management Bulletin: PM-20-061, the Hurricane Insurance Protection – Wind Index Endorsement, the Hurricane Insurance Protection – Wind Index Handbook, and the 21-Hurricane Data Provisions. https://www.rma.usda.gov/en/Policy-and-Procedure/Bulletins-and-Memos/2020/PM-20-061, https://www.rma.usda.gov/-/media/RMAweb/Policies/Hurricane-Insurance-Wind-Index/2021/Hurricane-Insurance-Protection-Wind-Index-Endorsement-21-HIP-WI.ashx, https://www.rma.usda.gov/-/media/RMAweb/Handbooks/Underwriting—24000/Hurricane-Insurance-Protection—Wind-Index/2021-24360-Hurricane-Insurance-Protection—Wind-Index-Handbook.ashx, https://www.rma.usda.gov/-/media/RMAweb/Policies/Hurricane-Insurance-Wind-Index/2021/Hurricane-Insurance-Protection-Wind-Index-Endorsement-21-HIP-WI/Hurricane-Data-Provisions.ashx. RMA …
Crop Insurance News and Analysis – August 27, 2020 – Rainfall and Vegetative Index Modifications
On August 27, 2020, the Risk Management Agency (RMA) issued Product Management Bulletin: PM-20-056, the Rainfall Index Plan Common Policy Basic Provisions (Basic Provisions), the Rainfall Index Pasture, Rangeland, Forage Crop Provisions (PRF), the Rainfall Index Apiculture Crop Provisions (Apiculture), and the Rainfall Index Insurance Standards Handbook effective for the 2021 crop year. https://www.rma.usda.gov/en/Policy-and-Procedure/Bulletins-and-Memos/2020/PM-20-056, https://www.rma.usda.gov/-/media/RMAweb/Policies/Rainfall-Index/2021/Rainfall-Index-Plan-Common-Policy-21-RI.ashx, …