Soybeans

Common Crop Insurance Policy¹

Background

The Federal Crop Insurance Corporation has expanded the number of counties where certain crops are insurable for the 2023 crop year having a November 30 through December 31 contract change date. The following attachment, 2023 Expansion of Existing Spring Crop Programs, lists the expansion by crop, state, and county.

Action

Approved Insurance Providers should advise producers of the expanded county crop programs for the 2023 crop year. 

DISPOSAL DATE: 
June 30, 2023.

Background

In February 2022, the Risk Management Agency (RMA) allowed written agreements for a new relay cropping practice for soybeans seeded into a small grain crop for the 2022 crop year through Manager’s Bulletin MGR-22-002. This MGR replaces MGR-22-002 beginning with the 2023 crop year. This expanded insurance opportunity is to address climate change, soil degradation, and depletion of natural resources which are challenges for crop productivity and environmental sustainability.

As of December 01, 2022 the following information is now available on the FTP site:

• 2022 Actuarial Data Master for the 11/30 Filing Date, YTD, and Daily Files.
• 2023 Actuarial Data Master for the 6/30, 11/30 Filing Date, YTD, and Daily Files.

Users can find this information in the following directories:

Common Crop Insurance Policy & Area Risk Protection Insurance 1

The 2022 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.

As of November 23, 2022 the following information is now available on the FTP site:

• 2022 Actuarial Data Master for the 11/30 Filing Date, YTD, and Daily Files.
• 2023 Actuarial Data Master for the 6/30, 8/31, 11/30, 12/31 Filing Date, YTD, and Daily Files.
• 2023 Special Provisions for the 6/30, 11/30, 12/31 Filing Date.

Users can find this information in the following directories:

Common Crop Insurance Policy & Area Risk Protection Insurance ¹

The 2022 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.