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Common Crop Insurance Policy & Area Risk Protection Insurance 1
The 2017 CY harvest prices shown below are approved for the following plans of insurance: Revenue Protection; Area Revenue Protection; Revenue Protection with Harvest Price Exclusion; and Area Revenue Protection with the Harvest Price Exclusion. The harvest prices are applicable for the crops, sales closing dates, states, types and practices indicated in the following table.
The 2018 CY projected prices shown below are approved for the following plans of insurance: Yield Protection, Area Yield Protection, Revenue Protection, Area Revenue Protection, Revenue Protection with Harvest Price Exclusion, and Area Revenue Protection with the Harvest Price Exclusion.
The Federal Crop Insurance Corporation (FCIC) has expanded the number of counties where certain crops are insurable for the 2017 crop year. The following attachment, 2017 Expansion of Existing Spring Crops Programs, lists the expansion by crop, state, and county for permanently-established (non-pilot) programs. The Risk Management Agency is continuing the policy of expanding crop insurance programs, particularly where interest by producers has been shown of providing producers the opportunity and responsibility for managing their own risk for their farming operations.
Watts and Associates, Inc. (Watts), the developers of the Popcorn Revenue plan of insurance, advised the Federal Crop Insurance Corporation (FCIC) Board of Directors (Board) of their intent to maintain the Popcorn Revenue 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.
The 2016 CY harvest prices shown below are approved for the following plans of insurance: Revenue Protection, Area Revenue Protection, Revenue Protection with Harvest Price Exclusion and Area Revenue Protection – Harvest Price Exclusion. The harvest prices are applicable for the crops, practices, sales closing dates and states indicated in the following table.
The Popcorn Revenue Program was implemented beginning with the 2012 crop year. Several minor corrections have been made for the 2017 crop year including correcting paragraph references and replacing the word “a” with the word “the”. Additionally, the Prevented Planting section is revised to state that the prevented planting coverage levels will be contained in the actuarial documents along with an option for additional prevented planting coverage levels, if offered in the actuarial documents.
The Risk Management Agency (RMA) published a Final Rule with Comment in the Federal Register, effective for the 2017 and succeeding crop years, which revised the Crop Provisions that contained Prevented Planting coverage levels for all crops with a 2017 contract change date on or after November 23, 2016, and for the 2018 and succeeding crop years for all crops with a 2017 contract change date prior to November 23, 2016.
Organic Rice Factor
The 2016 CY harvest prices shown below are approved for the following plans of insurance: Revenue Protection, Area Revenue Protection, Revenue Protection with Harvest Price Exclusion and Area Revenue Protection – Harvest Price Exclusion. The harvest prices are applicable for the crops, types, practices, sales closing dates and states indicated in the following table.
The 2016 CY harvest prices shown below are approved for the following plans of insurance: Revenue Protection; Area Revenue Protection; Revenue Protection with Harvest Price Exclusion; and Area Revenue Protection – Harvest Price Exclusion. The harvest prices are applicable for the crops, sales closing dates, states, types and practices indicated in the following table.
