Whole-Farm Revenue Protection

Background

The Federal Crop Insurance Corporation (FCIC) announced the Pandemic Cover Crop Program (PCCP) for 2022. The program functions the same as PCCP for 2021 with the following changes:

Common Crop Insurance Policy 1

The 2022 CY projected prices shown below are approved for the Yield Protection, Revenue Protection and Revenue Protection with Harvest Price Exclusion plans of insurance. The 2022 CY volatility factors shown below are approved for the Revenue Protection and Revenue Protection with Harvest Price Exclusion plans of insurance. The projected prices and volatility factors apply to policies with a January 31 sales closing date and are applicable for the crops, types, practices and states indicated below:

As of November 29, 2021 the following information is now available on the FTP site:

• 2022 Actuarial Data Master for the 4/30, 8/31, 11/30 Filing Date, YTD, and Daily Files.
• 2022 Special Provisions for the 8/31, 11/30 Filing Date.

Users can find this information in the following directories:

• 2022 Actuarial Data Master are in the References/Actuarial_Data_Master/2022 directory.
• 2022 Special Provisions are in the Special_Provisions/2022 directory.

Additional notes and details regarding this data release:

Background

The Risk Management Agency (RMA) is issuing a new Micro Farm policy intended to provide additional insurance options for small-scale producers. The Micro Farm policy was designed based on research required under the 2018 Farm Bill. And, the policy development process included obtaining feedback from small-scale producers that have grown products for their local communities.

The Micro Farm policy is offered through Whole-Farm Revenue Protection (WFRP) and is enhanced to better meet the needs of small-scale farms. This includes:

As of August 31, 2021 the following information is now available on the FTP site:

• 2021 Actuarial Data Master for the 4/30, 8/31 Filing Date, YTD, and Daily Files.
• 2022 Actuarial Data Master for the 8/31 Filing Date, YTD, and Daily Files.
• 2022 Special Provisions for the 8/31 Filing Date.

Users can find this information in the following directories:

Background

The Agricultural Improvement Act of 2018 (Farm Bill) included provisions to improve the effectiveness of WFRP. Per the Farm Bill, RMA has continued to solicit stakeholder recommendations. In response to stakeholder feedback from organic groups, aquaculture producers, and small, highly diversified producers, RMA recommended changes to the Federal Crop Insurance Corporation Board of Directors (FCIC Board). In addition, RMA worked with stakeholders to identify other improvements to WFRP not related to the Farm Bill.

As of August 12, 2021 the following information is now available on the FTP site:

• 2022 Actuarial Data Master for the 6/30, 8/31, 9/30, 10/31 Filing Date, YTD, and Daily Files.
• 2022 Special Provisions for the 8/31, 9/30, 10/31 Filing Date.

Users can find this information in the following directories:

Background

The 2022 Appendix III to the Standard Reinsurance Agreement and the Livestock Price Reinsurance Agreement (Appendix III) has been updated with approved modifications. Appendix III is available electronically via the Risk Management Agency (RMA) website at www.rma.usda.gov/policy-procedure/appendix-iiim-13-handbook-index under the Appendix III/M-13 directory.

Action

Modifications in the 2022 Appendix III include the following crop insurance program changes:

Background

Starting in 2012, RMA published the “1-in-4” requirement as a Special Provisions statement in several states in the Prairie Pothole Region (Iowa, Minnesota, Montana, North Dakota, and South Dakota). For the 2021 crop year, RMA expanded the “1-in-4” requirement nationwide by adding language to section 17(f)(8)(i)(E) of the Common Crop Insurance Policy, Basic Provisions (CCIP), and removing the corresponding Special Provisions statement.

Dry Pea and Dry Bean Crop Provisions and Revenue Endorsement