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Policy & Procedure

Product Management Bulletin-PM-25-012 2024 Rainfall Index - Final Index Values and Payment Factors for intervals ending November 2024

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Date
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
Subject
2024 Crop Year Rainfall Index October – November Index Interval Final Grid Indices for Annual Forage (Growing Seasons 9, 10, 11, and 12), Apiculture, and Pasture, Rangeland, Forage; 2024 Crop Year Rainfall Index May – November Catastrophic (CAT) Index Interval Final Grid Indices for Annual Forage; 2025 Crop Year Rainfall Index October – November Index Interval Final Grid Indices for Annual Forage (Growing Seasons 1 and 2)

BACKGROUND:

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:

  • 2024 Crop Year Rainfall Index October – November Index Interval Final Grid Indices for Annual Forage (Growing Seasons 9, 10, 11, and 12), Apiculture, and Pasture, Rangeland, Forage
  • 2024 Crop Year Rainfall Index May – November Catastrophic (CAT) Index Interval Final Grid Indices for Annual Forage
  • 2025 Crop Year Rainfall Index October – November Index Interval Final Grid Indices for Annual Forage (Growing Seasons 1 and 2)
     

ACTION:

By close of business today, final grid indices and payment calculation factors will be available in the Actuarial Information Browser (AIB) and Actuarial Data Master (ADM) in the following formats:

In accordance with section 8(d), any payments owed shall be issued no later than 60 days from the date of this notice.

DISPOSAL DATE:
December 31, 2025