PRODUCT MANAGEMENT BULLETIN: PM20-028.1




1400 Independence Avenue, SW
Stop 0801
Washington, DC  20250-0801

Date

October 23, 2020

To:

All Approved Insurance Providers
All Risk Management Agency Field Offices
All Other Interested Parties

From:

Richard H. Flournoy, Deputy Administrator /s/ Richard H. Flournoy    10/23/2020

Subject:

2020 Price B for Cotton Quality Adjustment - Update
Background
The Farm Service Agency issued a correction to the 2020 Upland Cotton schedule of loan premiums and discounts. The correction removed the discount for cotton classed in the uniformity range of 80.0-80.9. As a result, the Risk Management Agency’s published Price B for Texas and Virginia have each increased by $0.0005.
Action

For Texas and Virginia Only:

Upland Cotton Price B published in PM-20-028 for these states must be disregarded. Approved Insurance Providers (AIPs) must use the applicable Price B for quality adjustment purposes from the attached Upland Cotton Quality tables for the 2020 crop year.

AIPs should reference the 2020 Loss Adjustment Manual, paragraph 1238 if corrected claims are necessary as a result of the update.

DISPOSAL DATE:
December 31, 2020

ATTACHMENT

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