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/ John W. Underwood for
Subject
Pistachio Crop Insurance Changes Effective for the 2022 and Succeeding Crop Years
Background
The Risk Management Agency (RMA) is implementing changes to the Pistachio Crop Provisions variability adjustment factor (VAF).
The following changes are applicable for the 2022 and succeeding crop years:
- Revise the calculation for VAF to utilize the policyholder’s actual yields; and
- Establish VAF minimums and maximums to be used when the calculated VAF is outside an established range.
Action
The following documents will be available by close of business today on the RMA website at www.rma.usda.gov:
- Pistachio Crop Provisions (22-0470)
- Pistachio Program Insurance Standards Handbook (FCIC-24320)
Approved Insurance Providers must notify policyholders of these changes at least 30 days prior to the cancellation date, as required by the policy.
Interested producers should contact a crop insurance agent for further information. A list of agents can be found on the RMA website at www.rma.usda.gov/tools-reports/agent-locator.
DISPOSAL DATE:
December 31,2021