PM-18-032: Margin Protection Plan of Insurance - Modifications Effective for 2019 and Succeeding Crop Years
Background
The Risk Management Agency (RMA) has revised the Margin Protection Plan of Insurance for the 2019 crop year, as follows:
The Risk Management Agency (RMA) has revised the Margin Protection Plan of Insurance for the 2019 crop year, as follows:
The Commodity Exchange Price Provisions (CEPP) are used in conjunction with either the Common Crop Insurance Policy Basic Provisions or the Area Risk Protection Insurance Basic Provisions, along with Crop Provisions for the following crops: barley, canola/rapeseed, corn, cotton, grain sorghum, rice, soybeans, sunflowers and wheat.
The CEPP specifies how and when the projected and harvest price components will be determined. The CEPP contains two sections:
Additional notes and details regarding this data release:
In accordance with Section 3 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 2017 crop year wheat will be available by close of business today in the following formats:
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.
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 – Harvest Price Exclusion. The harvest prices are applicable for the crops, types, practices, sales closing dates and states indicated in the following table.
Common Crop Insurance Policy 1
The 2018 CY projected prices shown below are approved for the Yield Protection, Revenue Protection, and Revenue Protection with Harvest Price Exclusion plans of insurance. The 2018 CY volatility factors shown below are approved for the Revenue Protection and Revenue Protection with Harvest Price Exclusion plans of insurance. The projected prices and volatility factors are applicable for the crops, types, practices, sales closing date, and states indicated in the following table.