The Global Ag Report (Jul 1, 2016)

 

Note from Global Ag: RMA is updating the Basic Provisions and the CAT endorsement beginning with RY2017. Additional information is below, but we wanted to let you know that Global Ag will be distributing copies of the new provisions to all insureds as required by the Basic Provisions.

 

RMA Informational Memorandum
PM-16-036: Catastrophic Risk Protection Endorsement, Area Risk Protection Insurance Basic Provisions, and Common Crop Insurance Policy Basic Provisions

The Risk Management Agency (RMA) has revised the Catastrophic Risk Protection Endorsement (CAT), the Area Risk Protection Insurance Regulations (ARPI), and the Common Crop Insurance Regulations Basic Provisions (BP) to incorporate changes due to the:

• 2014 Farm Bill Final Rule published in the Federal Register on June 30, 2016;
• Double Cropping Final Rule with Request for Comments published in the Federal Register on June 22, 2016;
• Ineligibility Amendment (15-Ineligibility); and
• Farm Bill Amendment (15-CCIP-Farm Bill)

The new provisions are effective for the 2017 and succeeding crop years for all crops with a 2017 contract change date on or after June 30, 2016, and for the 2018 and succeeding crop years for all crops with a 2017 contract change date prior to June 30, 2016.

The revised policies are now available on the RMA website.
Area Risk Protection Insurance Basic Provisions (17-ARPI)
Common Crop Insurance Policy Basic Provisions (17-BR)
Catastrophic Risk Protection Endorsement (17-CAT)


VIEW PDF

 


 

RMA Informational Memorandum
PM-16-037: CA/AZ 2016 Crop Year Wheat and Barley Harvest Prices

Crop Price
Barley $3.59/bushel
Barley – Org $6.57/bushel
Wheat $4.50/bushel
Wheat – Org $8.31/bushel
Wheat – Durum $5.86/bushel
Wheat – Durum Org $10.81/bushel

 

VIEW PDF