Federal Crop Insurance Corporation May 2014 – Federal Register Recent Federal Regulation Documents

The Federal Crop Insurance Corporation (FCIC) finalizes the addition of a new regulation that provides forage seed insurance. The provisions will be used in conjunction with the Common Crop Insurance Policy Basic Provisions (Basic Provisions), which contain standard terms and conditions common to most crop insurance programs. The intended effect of this action is to convert the Forage Seed pilot crop insurance program to a permanent insurance program for the 2015 and succeeding crop years.

The Federal Crop Insurance Corporation (FCIC), operating through the Risk Management Agency (RMA), announces its intent to award approximately $5,000,000 to fund cooperative agreements under the Crop Insurance Education in Targeted States Program. Dates: All applications, which must be submitted electronically through https://rvs.umn.edu/Home.aspx, must be received by close of business (COB) on [11:59 p.m. EST] June 30, 2014. Hard copy applications will NOT be accepted. A tutorial on how to apply is available at https://rvs.umn.edu/rmaresources. Purpose: The purpose of the Targeted States program is to deliver crop insurance education and information to U.S. agricultural producers in States where there is traditionally, and continues to be a low level of Federal crop insurance participation and availability, and producers are underserved by the Federal crop insurance program. These states, defined as Targeted States for the purposes of this RFA, are Connecticut, Delaware, Hawaii, Maine, Maryland, Massachusetts, Nevada, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, Utah, Vermont, West Virginia, and Wyoming. Any cooperative agreements that may be funded will not exceed the maximum funding amount established for each of the Targeted States. Awardees must agree to the substantial involvement of RMA in the project. Applications submitted under this RFA must demonstrate how the proposed crop insurance education activities will help producers in Targeted States understand: The kinds of risks addressed by crop insurance; The features of existing and emerging crop insurance products such as AGR/AGR-lite or Whole Farm, Supplemental Coverage Option (SCO), and Stacked Income Protection Plan (STAX) where available; The use of crop insurance in the management of risk; How the use of crop insurance can affect other risk management decisions, such as the use of marketing and financial (including farm financial benchmarking) tools; and How to make informed decisions on crop insurance prior to the sales closing date deadline.