Changes have been made to the Hurricane Insurance Protection – Wind Index (HIP-WI) Endorsement for the 2022 and succeeding crop years. HIP-WI is available for the 2022 crop year for both Catastrophic (CAT) and additional coverage for Crop Insurance Policies in counties near the Gulf of Mexico or Atlantic Ocean, as well as Hawaii.
The Bureau of Reclamation announced the initial 2021 water supply allocation for Central Valley Project contractors. This year’s low allocation is a result of the dry winter California is experiencing after the dry water year of 2020.
Due to ongoing dry conditions including record low snow water content and reservoir levels as well as the recently announced water allocations from the U.S. Bureau of Reclamation, there is a known cause of loss due to drought/failure of the irrigation supply effective February 23, 2021 for insureds that receive water from the Central Valley Project and the State Water Project.
FCIC has approved modifications to the Hemp APH Insurance Program applicable for the 2021 and succeeding crop years.
The factors and premiums for 2021 organic rice, organic cotton, popcorn and organic popcorn have been provided by RMA.
2021 CY projected prices and volatility factors have been approved for 10/31 SCD barley and wheat.