PRODUCT MANAGEMENT BULLETIN: PM–23-042
United States Department of Agriculture
Farm and Foreign Agricultural Services
Risk Management Agency
1400 Independence Avenue, SW
Stop 0801
Washington, DC 20250-0801
Date
August 02, 2023
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 8/2/2023
Subject:
Pistachio Crop Insurance Changes Effective for the 2024 and Succeeding Crop Years
- Background
-
The Risk Management Agency (RMA) revised the Pistachio Crop Provisions for the 2024 and succeeding crop years, with the following changes:
- Allow insurance coverage for acreage with less than four years of production records with the use of new Transitional Yields (T-Yields);
- Clarify simple average approved yield for Actual Production History (APH) databases containing T-Yields;
- Clarify variability adjustments for APH databases; and
- Allow assigned yields and temporary yields if allowed by the Special Provisions.
- Action
-
The Pistachio Crop Provisions (24-0470) will be available by close of business today on the RMA website at www.rma.usda.gov.
Approved insurance providers must notify policyholders of these changes at least 30 days prior to the cancellation date, as required by the policy.
Interested producers should contact a crop insurance agent for further information. A list of agents can be found on the RMA website www.rma.usda.gov/InformationTools/Agent-Locator.
DISPOSAL DATE:
December 31, 2023