PM-16-052: Expansion of the Rainfall Index, Annual Forage Plan of Insurance Effective for 2017 and Succeeding Crop Years
Background
On August 8, 2016, the Federal Crop Insurance Corporation Board of Directors approved the expansion of the Rainfall Index Annual Forage (RI-AF) plan of insurance to all counties in New Mexico. The RI-AF plan is a privately developed product approved under Section 508(h) of the Federal Crop Insurance Act. The RI-AF plan of insurance offers protection for annually planted crops used for feed or fodder under the Rainfall Index Basic Provisions.