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The Federal Crop Insurance Corporation (FCIC) Board of Directors (Board), on February 15, 2017, approved the following modifications to the Margin Protection (MP) Plan of Insurance for corn, wheat, rice and soybeans pilot program beginning with the 2018 crop year:
Common Crop Insurance Policy and Area Risk Protection Insurance 1
The 2020 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.
As of October 02, 2020 the following information is now available on the FTP site:
Users can find this information in the following directories:
As of July 02, 2020 the following information is now available on the FTP site:
Users can find this information in the following directories:
The Risk Management Agency (RMA) uses fertilizer prices posted by the Chicago Mercantile Exchange Group (CME) to establish guarantees and determine indemnities under the Margin Protection (MP) Plan of Insurance. The CME has recently discontinued posting swaps prices for Urea (as of January 2020) and Diammonium Phosphate (DAP) (following the March 2020 contract). As a result of the change in available price data, RMA is updating the MP price provisions to utilize futures prices for Urea and DAP.
