INFORMATIONAL MEMORANDUM: OA–20-005
United States Department of Agriculture
Farm and Foreign Agricultural Services
Risk Management Agency
1400 Independence Avenue, SW
Stop 0801
Washington, DC 20250-0801
Date
September 25, 2020
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:
Martin R. Barbre, Administrator /s/ Martin R. Barbre 9/25/2020
Subject:
Enhanced Coverage Option (ECO)
- Background
-
The Federal Crop Insurance Corporation Board of Directors approved the implementation of the Enhanced Coverage Option (ECO), under section 508(h) of the Federal Crop Insurance Act. The ECO will be available for the 2021 crop year for select crops with a contract change date of November 30, 2020 or later.
- Action
-
RMA will release the policy materials over the next few weeks. Until those policy materials are released, the attachment provides an overview of ECO and the crops that are covered for stakeholder awareness.
Approved Insurance Providers should advise their agents and policyholders of ECO, where available, for the 2021 crop year.
DISPOSAL DATE:
December 31, 2020Link to Attachment: Enhanced Coverage Option