The USDA has announced that commodity and specialty crop producers impacted by natural disaster events in 2020 and 2021 will soon begin receiving emergency relief payments totaling approximately $6 billion through the Farm Service Agency’s (FSA) new Emergency Relief Program (ERP) to offset crop yield and value losses.
For the 2022 and succeeding crop years, RMA will allow soybeans relay cropped into an established small grain crop to be insurable via written agreement.
The FCIC announced the Pandemic Cover Crop Program (PCCP) for 2022. The program functions the same as PCCP for 2021 with a few modifications.
RMA has released additional price elections for the dry bean types with a February 28, 2022, SCD.
The following additional price elections are provided for the 2022 CY ELS cotton program.
The following additional price elections are provided for the 2022 CY tomatoes program.
PACE will be available beginning with the 2022 crop year for selected counties in Illinois, Indiana, Iowa, Kansas, Minnesota, Michigan, Nebraska, North Dakota, Ohio, South Dakota, and Wisconsin for non-irrigated corn with a sales closing date of March 15, 2022, or later.
For the 2021 and succeeding crop years, a cover crop planted on prevented planting acreage can be hayed, grazed, or cut for silage, haylage, or baleage at any time without a reduction to the prevented planting payment.
The Area Risk Protection Insurance Basic Provisions (ARPI) and Common Crop Insurance Policy Basic Provisions (CCIP) have been amended for the 2022 and succeeding crop years.
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 Small Grains Crop Provisions have been amended for the 2022 and succeeding crop years. These provisions were revised to allow for additional unit divisions for wheat and to clarify provisions for counties with spring-planted acreage, fall-planted acreage, or both.
The Dry Bean and Dry Pea Crop Provisions have been amended for the 2022 and succeeding crop years.
The Malting Barley Endorsement has been changed for the 2022 and succeeding crop years.
RMA has released 2021 CY projected prices and volatility factors for a number of crops insured under the Yield Protection, Revenue Protection, and Revenue Protection with Harvest Price Exclusion plans of insurance with a March 15 sales closing date.
RMA has released 2021 CY projected prices for Dry Peas and Dry Beans insured under the Yield Protection, Revenue Protection, and Revenue Protection with Harvest Price Exclusion plans of insurance.