On April 23, 2020, the Risk Management Agency (RMA) issued Managers Bulletin: MGR-20-011 regarding the Hurricane Insurance Protection-Wind Index Endorsement (Endorsement). https://www.rma.usda.gov/en/Policy-and-Procedure/Bulletins-and-Memos/2020/MGR-20-011. RMA states that the Hurricane Insurance Protection-Wind Index Endorsement prevents producers from increasing acreage in anticipation of a hurricane when the loss is triggered before the acreage reporting date plus 14 days. In …
Crop Insurance News and Analysis – April 20, 2020 – Updated FAD-294
On April 20, 2020, the Risk Management Agency (RMA) issued an Updated Final Agency Determination: FAD-294 relating to section 10(c) of the 2017 Coarse Grains Crop Provisions. https://www.rma.usda.gov/Policy-and-Procedure/Final-Agency-Determinations/Coarse-Grains-Crop-Provisions-FAD-294. The requestor interpreted section 10(c) of the Coarse Grains Crop Provisions to mean that the producer must decide the method of harvest at the time of harvest, …
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Crop Insurance News and Analysis – April 17, 2020 – Expedited Release of Livestock Gross Margin Actual Ending Values
On April 17, 202, the Risk Management Agency (RMA) issued Product Management Bulletin: PM-20-027 regarding the expedited release of the actual ending values for swine and dairy under the Livestock Gross Margin (LGM). https://www.rma.usda.gov/en/Policy-and-Procedure/Bulletins-and-Memos/2020/PM-20-027. RMA states that the LGM actual gross margins are posted by the RMA by the end of the first full business …
Crop Insurance News and Analysis – April 16, 2020 – Publication of Whole-Farm Revenue Protection Interpretations of Procedure
On April 16, 2020, the Risk Management Agency (RMA) published Product Management Bulletin: PM-20-024, regarding interpretations of procedures under the Whole-Farm Revenue Protection (WFRP) program. https://www.rma.usda.gov/en/Policy-and-Procedure/Bulletins-and-Memos/2020/PM-20-024. RMA states that the WFRP policy states that producers and approved insurance (AIPs) providers can obtain interpretations of policy or procedure in accordance with 7 C.F.R. part 400, subpart …
Crop Insurance News and Analysis – April 10, 2020 – COVID-19 and Impact of Production Reporting Dates
On April 10, 2020, the Risk Management Agency (RMA) issued Managers Bulletin: MGR-20-006.1, which amended MGR-20-006 that allowed approved insurance providers to accept production reports through the earlier of the acreage reporting date or 30 days after the applicable production report deadline for policies insured under the Common Crop Insurance Policy Basic Provisions (Basic Provisions) …
Crop Insurance News and Analysis – April 10, 2020 – COVID-19 and Insurance Deadlines
On April 10, 2020, the Risk Management Agency (RMA) issued Managers Bulletin: MGR-20-009, which provides additional relief from crop insurance deadlines as a result of the stay-at-home orders in place in most states. https://www.rma.usda.gov/en/Policy-and-Procedure/Bulletins-and-Memos/2020/MGR-20-009. RMA cites to the problems with the ability of agents to meet with producers to obtain signatures associated with various reporting …
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Crop Insurance News and Analysis – April 10, 2020 – Dumped Milk
On April 10, 2020, the Risk Management Agency (RMA) issued Managers Bulletin: MGR-20-010 and a press release relating the the affect of dumped milk on the Dairy Revenue Protection and Livestock Gross Margin Policies. https://www.rma.usda.gov/en/Policy-and-Procedure/Bulletins-and-Memos/2020/MGR-20-010; https://www.rma.usda.gov/en/News-Room/Press/Press-Releases/2020-News/USDA-Addresses-Milk-Dumping-Authorizes-Other-Flexibilities-To-Help-Producers-Amid-Pandemic. RMA states that both dairy policies require dairy producers to market the amount of milk that is proportionate to …
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Crop Insurance News and Analysis – April 3, 2020 – COVID-19 Relief: Self-Certification Replant Inspections and Assignment of Indemnities
On April 3, 2020, the Risk Management Agency (RMA) issued Managers Bulletin: MGR-20-008 and a press release regarding self-certifications for replant inspections and waivers of the witness requirement for assignments of indemnities. https://www.rma.usda.gov/en/Policy-and-Procedure/Bulletins-and-Memos/2020/MGR-20-008. https://www.rma.usda.gov/en/News-Room/Press/Press-Releases/2020-News/USDA-Adds-Additional-Flexibilities-for-Crop-Insurance–to-Support-Americas-Farmers-and-Ranchers. RMA states it is relaxing the requirements in response to the stay-at-home orders in many states that may prevent loss adjusters …