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Product Management Bulletin-PM-24-007

Date
To
All Approved Insurance Providers
All Risk Management Agency Field Offices
All Other Interested Parties
From
Richard H. Flournoy, Deputy Administrator
Subject
Nursery Value Select Expansion for the 2025 and Succeeding Crop Years

The Federal Crop Insurance Corporation (FCIC) Board of Directors approved expansion of the Nursery Value Select (NVS) crop insurance program beginning with the 2025 crop year. In addition, the Crop Provisions are being updated to include small clarifications for consistency with the Basic Provisions.

The NVS Crop Provisions (25-1010) are available on the Risk Management Agency (RMA) website at www.rma.usda.gov.

The NVS Insurance Standards Handbook (FCIC-24070) and NVS Loss Adjustment Standards Handbook (FCIC-25760) will be published at a later date.

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/Information-Tools/Agent-Locator-Page.

DISPOSAL DATE: December 31, 2024