RMA Informational Memorandum
PM-18-017: Impact of Changing the Business Entity of a Farm Operation After the
Sales Closing Date

The RMA has received questions regarding the impact to an insured’s crop insurance policy when changes are made in a farming operation’s business entity after the sales closing date. For example, the insured is a corporation and the shareholders form a partnership after the sales closing date. The partnership leases land, equipment and other assets from the existing corporation to produce the crop and the corporation does not have a share in the crop. This memorandum addresses the requirements for a crop insurance policy to continue when the business entity changes after the sales closing date/cancellation date and the impact changing a business entity has on Actual Production History (APH) yields.
RMA Informational Memorandum
PM-18-020: 2017 Crop Year ARPI and SCO Final County Yields and Final County Revenues for Wheat; 2017 Crop Year Margin Protection Final County Yields, Harvest
Revenue and Harvest Margins for Wheat

Final county yields, final county revenues, harvest revenues, and harvest margins for the 2017 crop year wheat are now available for review in the Actuarial Information Browser (AIB) online reporting application.

In some situations for SCO, the production area used to establish the expected yield did not have any final reported yields. In these instances, the RMA determined final county yields in accordance with the SCO Endorsement. The memorandum linked below identifies the source of the final county yield determination in the affected counties.

In some situations for ARPI and MP, the National Agricultural Statistics Service (NASS)
was unable to publish a county estimate on the same basis as the offer available. Where
NASS was unable to publish a county estimate, RMA determined the final county yield in
accordance with the ARPI and MP basic provisions. The memorandum linked below identifies the RMA basis for final county yield determination in the affected counties with policies. 
USDA Implements up to 2.36 Billion to Help Agricultural Producers Recover after 2017 Wildfires
U.S. Secretary of Agriculture Sonny Perdue announced the U.S. Department of Agriculture (USDA) will make disaster payments of up to $2.36 billion, as provided by Congress, to help America’s farmers and ranchers recover from hurricanes and wildfires. The funds are available as part of the new 2017 Wildfires and Hurricanes Indemnity Program (2017 WHIP). Producers can sign-up for the new program beginning no later than July 16.

FSA will distribute more information on how producers can file claims for WHIP disaster payments at a later date. For questions on how to establish farm records to be prepared when WHIP disaster signup begins, or to learn about other disaster assistance programs, producers are asked to contact their local USDA service center.
NCIS Asked And Answered
NCIS has published the March 2018 edition of its Asked and Answered newsletter. The following topics of note were covered:
  • Allowance to Offset Premium and Administrative Fee
  • Hemp and Crop Insurance
  • Prevented Planting Onion Type Eligibility
  • WFRP - Commodity Code Clarification
  • WFRP - Husband & Wife Have Separate Schedule F's but File Jointly

Follow the link below for the February 2018 A&A excerpt.
Revised Nursery Crop Provisions
The RMA has revised the Nursery Crop Provisions to incorporate changes made in the Final Rule correcting amendment published in the Federal Register on March 23, 2018. The Nursery Crop Provisions (19-0073) are effective for the 2019 and succeeding crop years.
Updated Rice Loss Adjustment Standards Handbook
RMA has published an updated Rice Loss Adjustment Standards Handbook. This handbook is effective for the 2018 and succeeding crop years and is not retroactive to any 2017 or prior crop year determinations.
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To view previous Global Ag Reports, visit:  http://globalag.com/category/latest-news/

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