Corn

Common Crop Insurance Policy & Area Risk Protection Insurance ¹

Background

In accordance with the Special Provisions and the Loss Adjustment Manual (FCIC-25010), Approved Insurance Providers (AIPs) are required to obtain samples for quality adjustment purposes not later than 60-days after the calendar date of the end of insurance period (EOIP), regardless of whether AIPs grant an extension of time to harvest. For example, if the calendar date for the EOIP for corn is December 10th, the deadline for the AIP to obtain quality samples is February 8th.

Common Crop Insurance Policy ¹

The 2020 CY projected prices shown below are approved for the Yield Protection, Revenue Protection and Revenue Protection with Harvest Price Exclusion plans of insurance. The 2020 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 apply to policies with a January 31 sales closing date and are applicable for the crops, types, practices and states indicated below:

As of December 20, 2019 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.
• 2020 Actuarial Data Master for the 4/30, 6/30, 11/30, 1/31 Filing Date, YTD, and Daily Files.
• 2020 Special Provisions for the 1/31 Filing Date.

Users can find this information in the following directories:

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

The 2019 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.

Background

The Commodity Exchange Price Provisions (CEPP) are used in conjunction with either the Common Crop Insurance Policy Basic Provisions or the Area Risk Protection Insurance Basic Provisions, along with Crop Provisions for the following crops: barley, canola/rapeseed, corn, cotton, grain sorghum, rice, soybeans, sunflowers and wheat.

The CEPP specifies how and when the projected and harvest price components will be determined. The CEPP contains two sections:

As of November 27, 2019 the following information is now available on the FTP site:

• 2020 Actuarial Data Master for the 6/30, 11/30, 12/31 Filing Date, YTD, and Daily Files.
• 2020 Special Provisions for the 11/30 Filing Date.

Users can find this information in the following directories:

Background

The Federal Crop Insurance Corporation revised the Hybrid Sweet Corn Seed Crop Provisions to clarify the definitions of hybrid sweet corn seed processor contract and amount of insurance per acre. The changes are applicable for the 2020 and succeeding crop years.

Action

The Hybrid Sweet Corn Seed Crop Provisions (20-0093) will be available by close of business today on the RMA website at www.rma.usda.gov.

Background

Organic Rice Price Factor

The Risk Management Agency (RMA) offers distinct organic practice rice prices. The definitions and specifications for the organic practice rice prices are provided in the ‘Commodity Exchange Price Provisions (CEPP) Section II: Rice’ document.

The following 2020 CY organic practice price factor will be applied to the conventional practice rice prices, in accordance with the CEPP, to derive the organic practice rice prices: