Kim Arrigo

On June 24, 2020, the Risk Management Agency (RMA) issued Product Management Bulletin: PM-20-039, announcing that the Federal Crop Insurance Board of Directors (Board) approved changes to the Pulse Crop Revenue program, including the Dry Bean Revenue Endorsement (DBRE) and Dry Pea Revenue Endorsement (DPRE) on May 21, 2020. https://www.rma.usda.gov/Policy-and-Procedure/Bulletins-and-Memos/2020/PM-20-039. RMA states that the DPRE …

Crop Insurance News and Analysis – June 24, 2020 – Pulse Crop Revenue ExpansionRead More

On June 9, 2020, the Risk Management Agency (RMA) issued a Product Management Bulletin: PM-20-035 and a National Press Release announcing changes made to the Livestock Risk Protection policies for Feeder Cattle, Fed Cattle, and Swine effective for the 2021 and succeeding years. https://www.rma.usda.gov/Policy-and-Procedure/Bulletins-and-Memos/2020/PM-20-035; https://www.rma.usda.gov/News-Room/Press/Press-Releases/2020-News/USDA-Announces-Improvements-to-the-Livestock-Risk-Protection-Insurance-Program-This-Summer. On June 26, 2020, RMA also issued Product Management Bulletin: …

Crop Insurance News and Analysis – June 9, 2020 – Changes to Livestock Risk ProtectionRead More

On June 1, 2020, the Risk Management Agency issued Product Management Bulletin: PM-20-034 regarding changes to MP for the 2021 and succeeding crop years. https://www.rma.usda.gov/en/Policy-and-Procedure/Bulletins-and-Memos/2020/PM-20-034. RMA states that it uses fertilizer prices posted by the Chicago Mercantile Exchange Group (CME) to establish guarantees and determine indemnities under MP. RMA states the CME has recently discontinued …

Crop Insurance News and Analysis – June 1, 2020 – Margin Protection (MP) Plan Of Insurance Changes Effective for 2021 and Succeeding Crop YearsRead More

On May 28, 2020, the Risk Management Agency (RMA) issued Managers Bulletin: MGR-20-016 and a National Press release regarding the deferral of interest. https://www.rma.usda.gov/en/Policy-and-Procedure/Bulletins-and-Memos/2020/MGR-20-016; https://www.rma.usda.gov/en/News-Room/Press/Press-Releases/2020-News/USDA-Allows-Extensions-on-Insurance-Deadlines-Deferral-of-Interest-to-Help-Producers-Amid-Pandemic. RMA states that the Common Crop Insurance Policy Basic Provisions provides that interest will start to accrue the first day of the month, following issuance of the notice of premium …

Crop Insurance News and Analysis – May 28, 2020 – Covid-19 Additional Deferral of InterestRead More

On May 27, 2020, the Risk Management Agency (RMA) issued a National Press Release and Managers Bulletin: MGR-20-014 announcing that RMA was suspending the sales of the LRP-Lamb because data was no longer available to make offers and settle contracts. https://www.rma.usda.gov/en/News-Room/Press/Stakeholder-Information/2020-News/FCIC-Suspends-Sales-of-Livestock-Risk-Protection-for-Lamb; https://www.rma.usda.gov/en/Policy-and-Procedure/Bulletins-and-Memos/2020/MGR-20-014. The data necessary was from the Agricultural Marketing Service (AMS) but it has …

Crop Insurance News and Analysis – May 27, 2020 – Suspended Sales of Livestock Risk Protection (LRP) for LambRead More