PRODUCT MANAGEMENT BULLETIN: PM–17-003
United States Department of Agriculture
Farm and Foreign Agricultural Services
Risk Management Agency
1400 Independence Avenue, SW
Stop 0801
Washington, DC 20250-0801
Date
January 19, 2017
To:
All Approved Insurance Providers
All Risk Management Agency Field Offices
All Other Interested Parties
All Risk Management Agency Field Offices
All Other Interested Parties
From:
Richard H. Flournoy, Deputy Administrator /s/ Richard H. Flournoy 1/19/2017
Subject:
Pecan Tree Crop Provisions - 2018 and Succeeding Crop Years
- Background
-
The Federal Crop Insurance Corporation (FCIC) Board of Directors approved the Pecan Tree insurance program, a privately developed product that was submitted and approved under section 508(h) of the Federal Crop Insurance Act in June 2016. The Pecan Tree insurance program provides coverage for damage to pecan trees resulting from naturally occurring events. Beginning with the 2018 crop year, the Pecan Tree insurance program will be available in select counties in Alabama, Arkansas, Florida, Georgia, Kansas, Louisiana, Mississippi, Missouri, New Mexico, Oklahoma, South Carolina, and Texas. The program is designed similar to other tree dollar plans of insurance administered by FCIC and will offer similar optional coverage for lost production through a Comprehensive Tree Value Endorsement.
Please refer to the Pecan Tree Crop Provisions and Special Provisions for more information.
- Action
-
RMA will place, by close of business today, the new Pecan Tree Crop Provisions on the RMA Web site at www.rma.usda.gov.
Interested producers should contact a crop insurance agent for further information. A list of agents can be found on the RMA Web site at www.rma.usda.gov/tools/agent.html.
DISPOSAL DATE:
December 31, 2017