RMA - Risk Management Agency

06/26/2024 | Press release | Distributed by Public on 06/26/2024 13:28

PRODUCT MANAGEMENT BULLETIN: PM–24 037 Camelina Changes Effective for the 2025 and Succeeding Crop Years

Date

June 26, 2024

To:

All Approved Insurance Providers
All Risk Management Agency Field Offices
All Other Interested Parties

From:

Richard H. Flournoy, Deputy Administrator /s/ Richard H. Flournoy 6/26/2024

Subject:

Camelina Changes Effective for the 2025 and Succeeding Crop Years

Background

The Federal Crop Insurance Corporation (FCIC) Board of Directors approved changes to the Camelina pilot crop insurance program on May 23, 2024. The USDA's Risk Management Agency (RMA) is expanding coverage allowing camelina producers to better manage their risks.

The following expanded coverage options will take effect starting with the 2025 crop year and are contained in the Camelina actuarial documents:

  • Allowing enterprise units;
  • Increasing the maximum allowable coverage level from 65% to 85%, which may be selected in 5% increments; and
  • Revising plating dates in the Southern Plains region to match planting dates for winter wheat.

Action

The Camelina Insurance Standards Handbook (FCIC-24410) will be available by June 30 on the RMA website atwww.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 atwww.rma.usda.gov/Information-Tools/Agent-Locator.

DISPOSAL DATE:
December 31, 2024