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The Risk Management Agency (RMA) derives prices for certain programs by applying factors and premiums to conventional projected and harvest prices established in accordance with the Commodity Exchange Price Provisions (CEPP). The factors and premiums for organic rice, organic cotton, popcorn and organic popcorn are provided below.
Organic Rice Price Factor
The CEPP peanut factors necessary to establish the insured’s amount of protection under the peanut program for the 2017 CY are identified below. The factors are applied to the commodity prices for wheat, cotton, soybean oil, and soybean meal during the discovery period of January 15, 2017 to February 14, 2017. These factors apply only to states with a Sales Closing Date (SCD) of February 28, 2017. They are determined in accordance with the Peanut Price Methodology guidelines.
The Federal Crop Insurance Corporation has expanded the number of counties where certain crops are insurable for the 2021 crop year having a November 30, 2020, or December 31, 2020, contract change date. The following attachment, 2021 Expansion of Existing Spring Crop Programs, lists the expansion by crop, state, and county for this permanent (non-pilot) program.
Approved Insurance Providers should advise producers of the expanded county crop program for the 2021 crop year.
DISPOSAL DATE:
March 15, 2021
In accordance with the Special Provisions statement in lieu of section 10(d)(1) of the Upland and ELS Cotton Crop Provisions, Price B will be established by adding premiums or discounts associated with the predominant cotton quality characteristics, as determined by the Farm Service Agency, to the Upland and ELS Cotton National Average Loan Rate. The predominant quality characteristics of cotton in each state are determined from the most recent three years of Agricultural Marketing Service cotton classing data.
In accordance with Section 10 of the SCO Endorsement, approved Final Area Yields and Final Area Revenues for the 2016 crop year will be available by close of business today in the following formats:
Common Crop Insurance Policy & Area Risk Protection Insurance 1, 2
The 2020 CY harvest prices shown below are approved for the following plans of insurance: Revenue Protection, Area Revenue Protection, Revenue Protection with Harvest Price Exclusion and Area Revenue Protection – Harvest Price Exclusion. The harvest prices are applicable for the crops, types, practices, sales closing dates and states indicated in the following table.
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.
For Texas and Virginia Only:
Common Crop Insurance Policy and Area Risk Protection Insurance 1
The 2020 CY harvest prices shown below are approved for the following plans of insurance: Revenue Protection, Area Revenue Protection, Revenue Protection with Harvest Price Exclusion, and Area Revenue Protection – Harvest Price Exclusion. The harvest prices are applicable for the crops, sales closing dates, states, types, and practices indicated in the following table.
