PM-19-034: Margin Protection Plan of Insurance - Modifications Effective for 2020 and Succeeding Crop Years
Background
The Risk Management Agency (RMA) has revised the Margin Protection (MP) Plan of Insurance for the 2020 crop year, as follows:
The Risk Management Agency (RMA) has revised the Margin Protection (MP) Plan of Insurance for the 2020 crop year, as follows:
In accordance with Section 10 of the SCO Endorsement, approved final area yields for 2018 crop year Buckwheat, Burley Tobacco, Cigar Binder Tobacco, Corn, Cucumbers, Dark Air Tobacco, Dry Beans, Fire Cured Tobacco, Flax, Flue Cured Tobacco, Grain Sorghum, Green Peas, Hybrid Corn Seed, Hybrid Seed Rice, Hybrid Sorghum Seed, Millet, Mustard, Peanuts, Popcorn, Processing Beans, Pumpkins, Rice, Sesame, Silage Sorghum, Soybeans, Sugar Beets, Sunflowers, Sweet Corn, and Tomatoes with a November 30th Contract Change Date will be available by close of business today in the following formats:
As of April 16, 2019 the following information is now available on the FTP site:
Users can find this information in the following directories:
In accordance with Section 15 of the ARPI Crop Provisions, Section 14 of the MP Crop Provisions and Section 10 of the SCO Endorsement, approved final county yields, final county revenues, harvest revenues and harvest margins for the 2017/2018 crop year will be available by close of business today in the following formats:
Common Crop Insurance Policy & Area Risk Protection Insurance 1
The 2019 CY projected prices shown below are approved for the following plans of insurance: Yield Protection, Area Yield Protection, Revenue Protection, Area Revenue Protection, Revenue Protection with Harvest Price Exclusion, and Area Revenue Protection with the Harvest Price Exclusion.
The Federal Crop Insurance Corporation has expanded the number of counties where certain crops are insurable for the 2019 and 2020 crop year. The following attachments, 2019 Expansion of Existing Perennial and Spring Crops Programs and 2020 Expansion of Existing Perennial Crops Programs, lists the expansion by crop, state, and county for permanently-established (non-pilot) programs.
Approved Insurance Providers should advise producers of the expanded county crop programs for the 2019 and 2020 crop year.
Attachments
The 2019 CY projected prices shown below are approved for the Yield Protection, Revenue Protection and Revenue Protection with Harvest Price Exclusion plans of insurance. The 2019 CY volatility factors shown below are approved for the Revenue Protection and Revenue Protection with Harvest Price Exclusion plans of insurance.
As announced today, Risk Management Agency (RMA) has developed the Multi-County Enterprise Unit (MCEU) Endorsement in response to requests to incorporate small amounts of acreage from one county into an enterprise unit for a contiguous county. The MCEU Endorsement attaches to eligible Common Crop Insurance Policy, Basic Provisions, and Crop Provisions for the insured crop and allows a producer to combine acreage of an insured crop, by irrigation practice, if applicable, in two contiguous counties in the same state into one enterprise unit (EU).