Stacked Income Protection Program

Background

The Agriculture Risk Protection (ARC) and Price Loss Coverage (PLC) programs administered by the Farm Service Agency (FSA) allow for annual enrollment. In accordance with the Federal Crop Insurance Act (Act), acreage with seed cotton base enrolled in ARC or PLC cannot be covered under STAX. Accordingly, the STAX policy states acres are uninsurable if they “have been enrolled” in ARC or PLC.

Background

The Risk Management Agency (RMA) has received several questions about the Wildfire Hurricane Indemnity Program (WHIP) and Wildfire Hurricane Indemnity Program+ (WHIP+) administered by USDA’s Farm Service Agency (FSA). Specifically, RMA has been asked if Hurricane Insurance Protection-Wind Index (HIP-WI), Supplemental Coverage Option (SCO), Enhanced Coverage Option (ECO), Stacked Income Protection Plan (STAX), and Margin Protection Plan (MP) can be used to meet linkage requirements under WHIP and WHIP+.

In accordance with the ARPI, SCO, and STAX Crop Provisions, approved final county yields and final county revenues for 2015 crop year will be available by close of business today in the following formats:

As of

Background

The Agriculture Improvement Act of 2018 (2018 Farm Bill) allows producers to make an election of ARC or PLC for each Farm Number in 2019, which will cover the 2019 and 2020 crop years. Enrollment in ARC or PLC will occur after this election. Election or enrollment dates will not begin until after acreage reporting date for cotton producers.

As of November 27, 2018 the following information is now available on the FTP site:

• 2019 Actuarial Data Master for the 6/30, 11/30, 12/31 Filing Date, YTD, and Daily Files.
• 2019 Special Provisions for the 11/30 Filing Date.

Users can find this information in the following directories:

• 2019 Actuarial Data Master are in the References/Actuarial_Data_Master/2019 directory.
• 2019 Special Provisions are in the Special_Provisions/2019 directory.

Additional notes and details regarding this data release:

As of November 15, 2018 the following information is now available on the FTP site:

• 2019 Actuarial Data Master for the 11/30, 12/31 Filing Date, YTD, and Daily Files.
• 2019 Special Provisions for the 11/30, 12/31 Filing Date.

Users can find this information in the following directories:

• 2019 Actuarial Data Master are in the References/Actuarial_Data_Master/2019 directory.
• 2019 Special Provisions are in the Special_Provisions/2019 directory.

Additional notes and details regarding this data release:

As of February 16, 2016 the following information is now available on the FTP site:

• 2016 Actuarial Data Master for the 11/30 Filing Date, YTD, and Daily Files.

Users can find this information in the following directories:

• 2016 Actuarial Data Master are in the References/Actuarial_Data_Master/2016 directory.

Additional notes and details regarding this data release:

• 2017 Actuarial Data Master for the 11/30 Filing Date, YTD, and Daily Files.
• 2019 Actuarial Data Master for the 4/30 Filing Date, YTD, and Daily Files.

• 2017 Actuarial Data Master are in the References/Actuarial_Data_Master/2017 directory.
• 2019 Actuarial Data Master are in the References/Actuarial_Data_Master/2019 directory.

Background

The Risk Management Agency (RMA) has discovered that, due to a computer programming error, the 2018 crop year Stacked Income Protection premium rates in the actuarial documents are incorrect and are much lower than is actuarially sound. In accordance sections 506(o) and 508(d) of the Federal Crop Insurance Act, RMA is mandated to maintain actuarial soundness; therefore, action must be taken to correct and reissue the actuarially appropriate rates for the 2018 crop year.