Lamb
RMA Revises Dates for the Pasture, Rangeland and Forage and Apiculture Insurance Programs
MGR-20-014
Background
The Agricultural Marketing Service (AMS) has suspended reporting of the National Weekly Slaughter Sheep Review (LM_LM352) formula price to comply with confidentiality requirements.
PM-15-020
The Federal Crop Insurance Corporation Board of Directors approved a number of program changes to the LRP-Lamb plan of insurance including: 1. A revised price prediction model;
2. Revised definition of “Insured Lambs”;
3. Removal of the 20-week endorsement;
4. Added language to prevent assignment of indemnities to businesses buying, selling, marketing, or packing lambs;
5. Changes to the daily and annual sales limit; and
6. Modifications to how the actual ending values are calculated.
PM-15-015
The Federal Crop Insurance Corporation Board of Directors approved a number of program changes to the LRP-Lamb plan of insurance including: 1. A new price prediction model; 2. A revised definition of “Insured Lambs”; 3. Removal of the 20-week endorsement; 4. Added language to prevent assignment of indemnities to businesses buying, selling, marketing, or packing lambs; 5. Changes to the daily and annual sales limit; and 6. Modifications to how the actual ending values are calculated. LRP-Lamb is targeted to have sales resume in May 2015.
Actuarial 19-016
As of April 29, 2019 the following information is now available on the FTP site:
- 2020 Actuarial Data Master for the 4/30 Filing Date, YTD, and Daily Files.
- 2020 Special Provisions for the 4/30 Filing Date.
Users can find this information in the following directories:
- 2020 Actuarial Data Master are in the References/Actuarial_Data_Master/2020 directory.
- 2020 Special Provisions are in the Special_Provisions/2020 directory.
Additional notes and details regarding this data release:
IS-18-003
American Sheep Industry Association (ASI), the developers of the Livestock Risk Protection – Lamb (LRP-Lamb) plan of insurance, advised the Federal Crop Insurance Corporation (FCIC) Board of Directors (Board) of their intent to continue maintenance of the LRP-Lamb plan of insurance and charge a user fee to approved insurance providers (AIP) selling the plan. Section 522(b)(4)(C) of the Federal Crop Insurance Act (Act) allows submitters to maintain approved 508(h) products and charge a user fee to approved insurance providers (AIP) that elect to sell the policy.
Actuarial 15-016
As of March 31, 2015 the following information is now available on the FTP site:
- 2014 Actuarial Data Master for the 6/30, 11/30 Filing Date, YTD, and Daily Files.
- 2015 Actuarial Data Master for the 4/30, 11/30 Filing Date, YTD, and Daily Files.
- 2015 Special Provisions for the 11/30 Filing Date.
- 2016 Actuarial Data Master for the 4/30 Filing Date, YTD, and Daily Files.
Users can find this information in the following directories:
Actuarial 15-014
As of March 06, 2015 the following information is now available on the FTP site:
- 2015 Actuarial Data Master for the 4/30, 11/30 Filing Date, YTD, and Daily Files.
- 2015 Special Provisions for the 4/30 Filing Date.
Users can find this information in the following directories:
- 2015 Actuarial Data Master are in the References/Actuarial_Data_Master/2015 directory.
- 2015 Special Provisions are in the Special_Provisions/2015 directory.
Additional notes and detail regarding this data release: