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The Margin Protection Program for Dairy (MPP-Dairy), administered by the Farm Service Agency (FSA), and the Livestock Gross Margin for Dairy policy (LGM-Dairy), administered by the Risk Management Agency (RMA), offer similar risk management protection for dairy producers. Under the Federal Crop Insurance Act, producers are prohibited from participating in both programs at the same time.
In accordance with section 3(e)(1) of the Basic Provisions, RMA is providing additional price elections for selected APH and SCO dry bean types and dry pea types with a March 15, 2018 SCD.
The CEPP peanut factors necessary to establish the insured’s amount of protection under the peanut program for the 2018 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 December 15, 2017 to January 14, 2018. These factors apply only to states with a Sales Closing Date (SCD) of January 31, 2018.
Common Crop Insurance Policy & Area Risk Protection Insurance 1
The 2017 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 with the Harvest Price Exclusion. The harvest prices are applicable for the crops, sales closing dates, states, types and practices indicated in the following table.
The following additional price elections are provided for 2018 CY grapes in California with a corresponding sales closing date of January 31, 2018.
The Risk Management Agency (RMA) revised the Whole-Farm Revenue Protection (WFRP) plan of insurance for the 2018 policy year. RMA consulted with stakeholders and based on their feedback, has made the following modifications and clarifications to the WFRP policy:
The Risk Management Agency (RMA) has revised the Rainfall Index and Vegetation Index Basic Provisions (Basic Provisions) to incorporate changes made in the 2014 Farm Bill Final Rule that was published in the Federal Register on June 30, 2016. This will replace the Farm Bill Amendment that was issued April 2017. In addition, language was added to the Basic Provisions and the Pasture, Rangeland, Forage (PRF) Crop Provisions to allow for organic practice to be offered.
Common Crop Insurance Policy 1
The 2018 CY projected prices shown below are approved for the Yield Protection, Revenue Protection, and Revenue Protection with Harvest Price Exclusion plans of insurance. The 2018 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 are applicable for the crop, types, and states indicated in the following table.
In accordance with Section 8 of the Rainfall and Vegetation Index Plan Common Policy Basic Provisions, final grid indices and payment calculation factors have been determined and approved for the following:
In accordance with Section 10 of the SCO Crop Provisions, approved Final Area Yields for 2016 crop year will be available by close of business today in the following formats:
