Grass Seed

The Risk Management Agency (RMA) revised the Grass Seed Crop Provisions to clarify how producers can use prices from their production contracts for crop insurance purposes. Specifically, if producers have multiple contracts with different prices, the clarifications illustrate how to calculate a weighted average price. RMA also increased the maximum contract price factor from 1.20 to 1.60 and moved the factor to the actuarial documents so that it can be updated more easily in the future.

As of June 17, 2022 the following information is now available on the FTP site:

• 2023 Actuarial Data Master for the 6/30 Filing Date, YTD, and Daily Files.
• 2023 Special Provisions for the 6/30 Filing Date.

Users can find this information in the following directories:

• 2023 Actuarial Data Master are in the References/Actuarial_Data_Master/2023 directory.
• 2023 Special Provisions are in the Special_Provisions/2023 directory.

Additional notes and details regarding this data release:

As of April 15, 2022 the following information is now available on the FTP site:

In accordance with Section 10 of the SCO Endorsement, approved Final Area Yields and Final Area Revenues for 2016 crop year will be available by close of business today in the following formats:

Background

The Grass Seed Insurance Program has been piloted to determine acceptance by producers as an effective and affordable risk management tool and to assure the program is actuarially sound. The Federal Crop Insurance Corporation Board of Directors (Board) granted approval for the conversion of the program from pilot to permanent status based on the favorable pilot program experience.

In accordance with Section 15 of the ARPI Crop Provisions, Section 14 of the MP Crop Provisions and Section 10 of the SCO Endorsement, approved final county yields, final county revenues, harvest revenues and harvest margins for the 2018/2019 crop year will be available by close of business today in the following formats: