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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

On May 21, 2020, the Risk Management Agency (RMA) issued Informational Memorandum: COM-20-002, which provided an update to MGR-10-021 regarding agents and loss adjusters identified with disparate performance in accordance with section 515(f) of the Federal Crop Insurance Act (FCIA). https://www.rma.usda.gov/en/Policy-and-Procedure/Bulletins-and-Memos/2020/COM-20-002. RMA states that MGR-19-021 provides clear expectations of what actions approved insurance providers (AIPs) …

Crop Insurance News and Analysis – May 21, 2020 – Managers Bulletin: MGR-19-021 Appendix A UpdateRead More

On May 4, 2020, the Risk Management Agency (RMA) issued Managers Bulletin MGR-20-013 and a National Press Release regarding the challenges facing producers during the pandemic, in this case producers with certified organic acreage or acreage in transition to organic who must file written certifications or documentation from a certifying agent by the acreage reporting …

Crop Insurance News and Analysis – May 4, 2020 – COVID-19 Relief for Organic Plans and Certificates Due at Acreage ReportingRead More

On May 1, 2020, the Risk Management Agency (RMA) published on its website a number of documents relating to its Final Rule with request for comments for the Forage Seeding and Forage Production Crop Insurance Provisions for the 2021 crop year. The documents include a National Press Release, Product Management Bulletin: PM-20-029, and the Forage …

Crop Insurance News and Analysis – May 1, 2020 – Forage Seeding and Forage Production Crop Insurance ProvisionsRead More

On May 1, 2020, the Risk Management Agency (RMA) issued Managers Bulletin: MGR-20-012, announcing the expansion of the number of counties where forage seeding is insurable for the 2021 crop year having an April 30 contract change date. https://www.rma.usda.gov/en/Policy-and-Procedure/Bulletins-and-Memos/2020/MGR-20-012 RMA provided a list of the state and counties eligible for Forage Seeding in the 2021 …

Crop Insurance News and Analysis – May 1, 2020 – 2021 Crop Year County Crop Program ExpansionRead More