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.
RMA has released 2021 CY projected prices and volatility factors for policies with a February 28, 2021 sales closing date.
RMA is providing additional price elections for APH, SCO and ECO dry bean types listed below with a February 28, 2021 SCD.
Recognizing continued challenges due to COVID-19, RMA has issued new actions that supplement the earlier relief authorized by Manager’s Bulletins: MGR 20-005, MGR 20-008, MGR 20-009, MGR 20-010, MGR 20-013, and MGR 20-026.
FCIC has revised the Area Risk Protection Insurance (ARPI) Basic Provisions, Common Crop Insurance Policy (CCIP) Basic Provisions, Sunflower Seed Crop Provisions, and Dry Pea Crop Provisions for the 2021 and succeeding crop years.
FCIC has approved modifications to the Hemp APH Insurance Program applicable for the 2021 and succeeding crop years.
2020 CY harvest prices have been 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.
FCIC has approved the implementation of the Enhanced Coverage Option (ECO), available for the 2021 crop year for select crops with a contract change date of November 30, 2020 or later.
FCIC has expanded the number of counties where certain crops are insurable for the 2021 crop year.
The factors and premiums for 2021 organic rice, organic cotton, popcorn and organic popcorn have been provided by RMA.
FCIC has approved an expansion of the Hybrid Sweet Corn Seed crop insurance program to include Hybrid Popcorn Seed.
RMA revised the Silage Sorghum Pilot Endorsement for the 2021 and succeeding crop years.
FSA has issued a correction to the 2020 Upland Cotton schedule of loan premiums and discounts.
The window to comment on PRF Indexing and Rating Methodology has been extended.