Whole-Farm Revenue Protection

Background

The Agriculture Improvement Act of 2018 (Farm Bill) altered the legal status of Cannabis sativa L. (cannabis) with a delta-9 tetrahydrocannabinol concentration of not more than 0.3 percent on a dry weight basis. Specifically, the Farm Bill amended the Controlled Substances Act (CSA) and Agricultural Marketing Act of 1946 (AMA) to address how industrial hemp is to be defined and regulated at the Federal level. Prior to passage of the Farm Bill, any form of cannabis was a controlled substance under the CSA.

Background

The Risk Management Agency (RMA) revised the Whole-Farm Revenue Protection (WFRP) plan of insurance for the 2019 and subsequent policy years. RMA consulted with stakeholders and based on their feedback, made the following modifications and clarifications to the WFRP policy:

Commodity Code Consolidation

As of August 29, 2018 the following information is now available on the FTP site:

• 2019 Actuarial Data Master for the 4/30, 8/31 Filing Date, YTD, and Daily Files.
• 2019 Special Provisions for the 4/30, 8/31 Filing Date.  

Users can find this information in the following directories:

As of August 24, 2018 the following information is now available on the FTP site:

• 2018 Actuarial Data Master for the 11/30 Filing Date, YTD, and Daily Files.
• 2019 Actuarial Data Master for the 6/30, 8/31, 9/30, 10/31 Filing Date, YTD, and Daily Files.
• 2019 Special Provisions for the 8/31, 9/30, 10/31 Filing Date.

Users can find this information in the following directories:

As of June 13, 2018 the following information is now available on the FTP site:

• 2018 Actuarial Data Master for the 4/30, 8/31 Filing Date, YTD, and Daily Files.
• 2019 Actuarial Data Master for the 4/30 Filing Date, YTD, and Daily Files.

Users can find this information in the following directories:

Organic Rice Factor

Common Crop Insurance Policy & Area Risk Protection Insurance ^1,2

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, practices, sales closing dates and states indicated in the following table.

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.

Common Crop Insurance Policy and 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, sales closing dates, states, types, and practices indicated in the following table.