Annual Forage

Background

The Risk Management Agency (RMA) contracted for an independent evaluation of the Pasture, Rangeland, Forage (PRF) Rainfall Index Crop Insurance Program Indexing and Rating Methodology. The primary purpose of the contract was to conduct a comprehensive review of the product design and the County Base Values to determine if the program is an effective risk management tool for livestock producers.

As of

In accordance with Section 8 of the Rainfall and Vegetation Index Plan Common Policy Basic Provisions, final grid indices and payment calculation factors have been determined and approved for the following:

• 2020 Crop Year Rainfall Index June – July Index Interval Final Grid Indices for Annual Forage, Apiculture, and Pasture, Rangeland, Forage

By close of business today, final grid indices and payment calculation factors will be available in the Actuarial Information Browser and Actuarial Data Master in the following formats:

As of August 27, 2020 the following information is now available on the FTP site:

• 2020 Actuarial Data Master for the 4/30, 8/31 Filing Date, YTD, and Daily Files.
• 2021 Actuarial Data Master for the 8/31 Filing Date, YTD, and Daily Files.
• 2021 Special Provisions for the 8/31 Filing Date.

Users can find this information in the following directories:

In accordance with Section 8 of the Rainfall and Vegetation Index Plan Common Policy Basic Provisions, final grid indices and payment calculation factors have been determined and approved for the following:

• 2020 Crop Year Rainfall Index May – June Index Interval Final Grid Indices for Annual Forage, Apiculture, and Pasture, Rangeland, Forage
• 2020 Crop Year Rainfall Index December – June Catastrophic (CAT) Index Interval Final Grid Indices for Annual Forage

Background

Compliance has identified instances of 1^st crop/2^nd crop potential abuse where agents have misapplied differences in double cropping requirements under the Common Crop Insurance Basic Provisions (CCIP Basic Provisions) and Rainfall and Vegetation Index Plan Common Policy (20-RI/VI) in their sales and marketing practices. Specifically, we found several instances where agents placed policies for the same policyholder with two different Approved Insurance Providers (AIPs) to avoid detection.

As of July 22, 2020 the following information is now available on the FTP site:

• 2020 Actuarial Data Master for the 4/30, 8/31 Filing Date, YTD, and Daily Files.
• 2021 Actuarial Data Master for the 4/30 Filing Date, YTD, and Daily Files.

Users can find this information in the following directories:

In accordance with Section 8 of the Rainfall and Vegetation Index Plan Common Policy Basic Provisions, final grid indices and payment calculation factors have been determined and approved for the following:

• 2020 Crop Year Rainfall Index April – May Index Interval Final Grid Indices for Annual Forage, Apiculture, and Pasture, Rangeland, Forage

By close of business today, final grid indices and payment calculation factors will be available in the Actuarial Information Browser and Actuarial Data Master in the following formats:

As of