On October 23, 2020, the Risk Management Agency (RMA) published Final Agency Determination FAD-300, Section 6(d)(1) of the Common Crop Insurance Policy Basic Provisions (Basic Provisions). https://www.rma.usda.gov/en/Policy-and-Procedure/Final-Agency-Determinations/Basic-Provisions-6d-FAD-300. Section 6(d)(1) of the Basic Provisions involves the conditions under which a producer may revise an acreage report that has been submitted. For planted acreage, consent is required …
Crop Insurance News and Analysis – October 15, 2020 – Updated Nursery Crop Insurance Recordkeeping Frequently Asked Questions
On October 15, 2020, the Risk Management Agency (RMA) published Updated Nursery Crop Insurance Recordkeeping Frequently Asked Questions (FAQs). https://www.rma.usda.gov/en/News-Room/Frequently-Asked-Questions/Nursery-Insurance-Recordkeeping. They involve questions such as how does a producer know they qualify for insurance, what documentation is necessary to obtain insurance, what are considered acceptable records and supporting documentation, do all plants in the county …
Crop Insurance News and Analysis – October 13, 2020 – Commodity Exchange Price Provisions – Peanuts
On October 13, 2020, the Risk Management Agency (RMA) published the Commodity Exchange Price Provisions for peanuts. https://www.rma.usda.gov/-/media/RMA/Policies/CEPP/2021/Commodity-Exchange-Price-Provisions—Peanuts-21-CEPP-PT.ashx ANALYSIS – RMA published the Commodity Exchange Price Provisions for peanuts but there was no accompanying memo or other information. It is not clear what if any changes were made to the 2020 Commodity Exchange Price Provisions …
Crop Insurance News and Analysis – September 30- October 6, 2020 – 2021 Hurricane Insurance Protection – Wind Index
On September 30, 2020, the Risk Management Agency issued Product Management Bulletin: PM–20-069, announcing that the Federal Crop Insurance Corporation Board of Directors approved the Hurricane Insurance Protection – Wind Index (HIP-WI) Endorsement, on November 15, 2019, for the 2020 crop year and issued the Hurricane Data Provisions. https://www.rma.usda.gov/Policy-and-Procedure/Bulletins-and-Memos/2020/PM-20-069; https://www.rma.usda.gov/-/media/RMA/Policies/Hurricane-Insurance-Wind-Index/2021/Hurricane-Insurance-Protection-Wind-Index-Endorsement-21-HIP-WI/Hurricane-Data-Provisions.ashx. RMA states that HIP-WI continues …
Crop Insurance News and Analysis – September 25, 2020 – Enhanced Coverage Option
On September 25, 2020, the Risk Management Agency (RMA) issued an Informational Bulletin announcing that the Federal Crop Insurance Corporation Board of Directors approved the implementation of the Enhanced Coverage Option (ECO), under section 508(h) of the Federal Crop Insurance Act. RMA states that the ECO will be available for the 2021 crop year for …
Crop Insurance News and Analysis – September 25, 2020 – Enhanced Coverage OptionRead More
Crop Insurance News and Analysis – September 22, 2020 – Final Agency Determination FAD- 299 – Section 20(b)(1) of the Common Crop Insurance Policy Basic Provisions
On September 22, 2020, the Risk Management Agency (RMA) published Final Agency Determination FAD-299 regarding the one year limitation period in which to initiation arbitration proceedings after the date the claim is denied or the approved insurance provider renders a determination in which the insured disagrees. https://www.rma.usda.gov/Policy-and-Procedure/Final-Agency-Determinations/Basic-Provisions-20b-FAD-299. The first requestor interprets section 20(b)(1) of the …
Crop Insurance News and Analysis – September 16, 2020 – Whole-Farm Revenue Protection Program Improvements
On September 16, 2020, the Risk Management Agency (RMA) issued a press release announcing improvements to the Whole-Farm Revenue Protection (WFRP) program beginning with the 2021 crop year. https://www.rma.usda.gov/News-Room/Press/Press-Releases/2020-News/USDA-Announces-Whole-Farm-Revenue-Protection-Program-Improvements. RMA stated it held meetings with stakeholders who recommended decreasing reporting requirements for yield and revenues for each commodity because of its adverse affect on direct …
Crop Insurance News and Analysis – September 14 and 16, 2020 – Livestock Risk Protection Insurance Program
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 …