PRODUCT MANAGEMENT BULLETIN: PM–23-071
United States Department of Agriculture
Farm and Foreign Agricultural Services
Risk Management Agency
1400 Independence Avenue, SW
Stop 0801
Washington, DC 20250-0801
Date
To:
All Risk Management Agency Field Offices
All Other Interested Parties
From:
Subject:
- Background
-
The Federal Crop Insurance Corporation (FCIC) Board of Directors approved changes to the Sesame pilot crop insurance program on November 16, 2023.
The following changes are applicable for the 2024 and succeeding crop years:- Allow written agreements for sesame without geographical restrictions;
- Update the cancellation and termination dates to be reflective of written agreements being expanded nationwide; and
- Allow enterprise units in the actuarial documents.
- Action
-
The following documents will be available by November 30, 2023, on the Risk Management Agency (RMA) website at www.rma.usda.gov:
- Sesame Crop Provisions (24-0396)
- Sesame Insurance Standards Handbook (FCIC-24180)
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 at www.rma.usda.gov/Information-Tools/Agent-Locator page.
DISPOSAL DATE:
December 31, 2024