The 2014 Farm Bill contained restrictions regarding the election of Agriculture Risk Coverage (ARC) and Price Loss Coverage (PLC) and the Stacked Income Protection Plan (STAX). Producers who elect STAX are not eligible for the Supplemental Coverage Option SCO. In addition, STAX cannot cover any acreage on land that has been enrolled in ARC or …
Crop Insurance News and Analysis – April 22, 2019
The Risk Management Agency (RMA) issued a press release announcing the enhancements to the Dairy Revenue Protection (DRP), Livestock Risk Protection (LRP), and the Livestock Gross Margin (LGM) programs effective in July 1, 2019, which means the 2020 policy. RMA has removed the previous $20 million capacity limitation that applied to all livestock programs. The …
Crop Insurance News and Analysis – April 8, 2019
The Risk Management Agency (RMA) issued Final Agency Determination FAD-287, which interpreted section 21 of the Common Crop Insurance Policy Basic Provisions (Basic Provisions). The interpretation sought was regarding those provisions that allowed for the correction. Section 21(b)(3) discusses the knowing misreporting of information and requiring the replacement of yields determined to be incorrect and …
Crop Insurance News and Analysis – March 22, 2019
The Risk Management Agency (RMA) issued a press release that would allow producers who previously purchased the Livestock Gross Margin for Dairy Cattle (LGM-Dairy) to now sign up for the Margin Protection Program for Dairy (MPP-Dairy) offered by the Farm Service Agency (FSA). The sign-up period is from March 25, 2019 though May 10, 2019. …
Crop Insurance News and Analysis – March 14, 2019
The Risk Management Agency (RMA) was busy today. RMA issued Managers Bulletin: MGR-19-005, which revises the Actual Production History (APH) review procedures under Appendix IV of the Standard Reinsurance Agreement. RMA states that the Common Crop Insurance Policy Basic Provisions (Basic Provisions), published at 7 C.F.R. 457.8, requires the producer to have written verifiable records …
Crop Insurance News and Analysis – March 12, 2019
On March 12, 2019, RMA issued Manager’s Bulletin: MGR-19-004, that revised the definition of beginning farmer and rancher under the Whole Farm Revenue Protection (WRFP) policy beginning with the 2019 and succeeding years. The 2018 Farm Bill enacted on December 20, 2018, revised the definition of beginning farmer or rancher for the Whole Farm Revenue …
Crop Insurance News and Analysis – March 1, 2019
Under section 11003 of the 2014 Farm Bill states that producers who the Agriculture Risk Coverage (ARC) are not eligible for coverage under the Supplemental Coverage Option. Section 1115 of the 2014 Farm Bill required producers to make a irrevocable election whether to chose ARC or Price Loss Coverage under section 1116 for the 2014 …
Crop Insurance News and Analysis – February 25, 2019
In the 2018 Farm Bill, Congress revised a number of provisions of statutory provisions relating to hemp (see sections 7129, 7501, 7605, 10113, 10114, and 12619). Congress also amended the Federal Crop Insurance Act relating to hemp (see 11101, 11106, 11113, 11119, and 11121) . Section 12619 of the 2018 Farm Bill made cannabis that …
Crop Insurance News and Analysis – February 25, 2019Read More