Date
To
All Approved Insurance Providers
All Risk Management Agency Field Offices
All Other Interested Parties
All Risk Management Agency Field Offices
All Other Interested Parties
From
Richard H. Flournoy, Deputy Administrator /s/ Richard H. Flournoy 6/25/2019
Subject
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:
- Clarified insurability of white and waxy corn types under the base policy for MP
- Clarified the deadline for electing enterprise units follows the base policy for MP
- Clarified which policy is cancelled when a producer elects both Supplemental Coverage Option and MP
- Revised the fertilizer codes in the Margin Price Provisions for soybeans and rice
- RMA is moving to RMA data vs NASS data for determining yields
- Revised all four MP crop provisions section 3 “Payment Dates” to state the new dates for releasing final county revenues and final county yields.
Action
The following materials will be available by close of business today on the RMA website: www.rma.usda.gov/policy-procedure/general-policies/margin-protection
Margin Policy Provisions
- Margin Protection Crop Provisions:
- Corn Crop Provisions
- Rice Crop Provisions
- Soybean Crop Provisions
- Wheat Crop Provisions
- Margin Price Provisions Section II Commodity Price Definitions and Section III Commodity Input Definitions: Crop-Specific Endorsements:
- Rice
- Soybeans
If you have any questions, please contact Michael Ciliege or Cody Lovercamp, Product Administration and Standards Division at (816) 926-7730.
DISPOSAL DATE:
December 31, 2019