Prevented planting seems to be on everyone’s mind as the days wind down to plant any crop and have it insured. Producers have to make decisions on whether to try to plant and must take into consideration the prevented planting payment versus a Market Facilitation Program (MFP) payment. Last month, immediately upon China reneging on …
Crop Insurance News and Analysis – June 12, 2019
There have been several articles published the last few days regarding prevented planting and whether Secretary Perdue will allow a portion of the new disaster legislation funding to be used to increase the amount of preventing planting coverage. Currently prevented planting coverage stands at 55-60 percent of the guarantee for corn and soybeans and there …
Crop Insurance News and Analysis – June 5, 2019
On June 3-5, 2019, the Federal Crop Insurance Corporation Board of Directors (Board) met in Washington, DC. The agenda showed a very full meeting with numerous user fee requests, concept proposals and submissions (https://www.rma.usda.gov/-/media/RMAweb/FCIC/2019/2019-June/0604agenda.ashx?la=en). Of the 15 action items on the agenda, it appeared that the Board acted on 12 of them (https://www.rma.usda.gov/en/Federal-Crop-Insurance-Corporation/Board-Meetings/2019-06-04). The Board …
Crop Insurance News and Analysis – May 31, 2019
The Risk Management Agency (RMA) issued Final Agency Determination FAD-288 regarding the interpretation of section 14 of the Common Crop Insurance Policy Basic Provisions (Basic Provisions). The requestor’s interpretation is that the producer’s claim must be paid even if it is not timely filed as long as the approved insurance provider (AIP) can accurately adjust …
Crop Insurance News and Analysis – May 28, 2019
On May 28, 2019, the Risk Management Agency (RMA) issued Managers Bulletin: MGR-19-013, which addresses the planned operation of the Morganza Floodway in the Mississippi River Valley. The Morganza Floodway diverts water from the Mississippi River into the Morganza Floodway and Atchafalaya Basin. The Mississippi river will reach more than 62 feet at Red River …
Crop Insurance News and Analysis – May 28, 2019, June 5
On May 28, 2019, the Risk Management Agency (RMA) issued Managers Bulletin MGR-19-012, and on June 5, 2019, RMA issued MGR-19-012.1, regarding the delays in terminating crops due to adverse weather. Many acres of fall-seeded crops have been appraised and released for termination but the excess moisture has prevented producers from getting into the fields …
Crop Insurance News and Analysis – May 28, 2019, June 5Read More
Crop Insurance News and Analysis – May 24, 2019
The Risk Management Agency issued several press releases directed at producers who may be prevented from planting because of flooding or excess moisture. To qualify for prevented planting, acreage must be prevented from planting due to an insurable cause of loss that is general to the surrounding area that prevented other producers from planting acreage …
Crop Insurance News and Analysis – May 23, 2019
The Risk Management Agency (RMA) issued Informational Memorandum: COM-19-003 regarding Apiculture Crop Provisions lease requirements. Section 4(c) of the Rainfall Index Apiculture Crop Provisions states that to be insured the colonies must be located on acreage owned or leased by the insured. The policy defines “lease” as a written documents granting the use or occupation …