RMA MEMORANDUM: PM-11-046.1: TREND-ADJUSTED ACTUAL PRODUCTION HISTORY
RMA issued PM-11-046 that released Trend-Adjusted APH procedures. Since its issuance, questions have arisen regarding yield limitations when a crop’s practice/type is not eligible for trend adjustment, and situations in which the Trend-Adjusted APH yield may be lower than what the approved APH yield would have been without the trend adjustment. This memo provides clarifications along with the attached questions and answers, apply to the Trend-Adjusted APH procedures.
USDA MOVING TO LOWER INSURANCE PREMIUMS FOR CORN AND SOYBEANS IN 2012
The U.S. Department of Agriculture's (USDA) Risk Management Agency (RMA) announced that it will update the methodology to set crop insurance premiums, leading to lower insurance premium rates for many corn and soybean producers in the 2012 crop year. RMA has released the actuarial documents reflecting premium rates. FMH is currently analyzing these rates to determine how this will affect our book of business in 2012.
FMH NEWS - Callan Named RMA Acting Administrator
FCIC ANNOUNCES CONCLUSION OF PILOT BIOTECHNOLOGY ENDORSEMENT PROGRAM The Pilot Biotechnology Yield Endorsement (BE) and subsequent Biotechnology Endorsement (BE), approved by the Federal Crop Insurance Corporation Board of Directors (FCIC Board) starting with the 2008 crop year (CY), will no longer be in effect beginning with CY 2012.
INFORMATIONAL MEMORANDUM: PM-07-012
2012 CROP INSURANCE HANDBOOK (CIH) WITH SUMMARY OF CHANGES Underwriting and Actual Production History (APH) Standards for FCIC Programs Administered under the Common Crop Insurance Policy Basic Provisions and APH Administrative Regulations. And changes to the 2012 FCIC 18010 Crop Insurance Handbook that have the most significant impact.
