RMA - Risk Management Agency

01/25/2022 | Press release | Distributed by Public on 01/25/2022 11:15

Pecan Tree Crop Provisions Changes Effective for the 2023 and Succeeding Crop Years

PRODUCT MANAGEMENT BULLETIN: PM-22-008



Date

January 25, 2022

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 1/25/2022

Subject:

Pecan Tree Crop Provisions Changes Effective for the 2023 and Succeeding Crop Years

Background

The Federal Crop Insurance Corporation Board of Directors approved changes to the Pecan Tree crop insurance program, under section 508(h) of the Federal Crop Insurance Act, on August 25, 2021.

The following changes are applicable for the 2023 and succeeding crop years:

  • removed drought as a cause of loss for Alabama, Florida, Georgia, Louisiana, Mississippi, and South Carolina;
  • removed "native" for the type of trees in states where pecan trees do not grow naturally;
  • reduced the number of pecan tree improved variety group types from 3 to 2 and the number of growth stages available that are used for pricing from 5 to 3;
  • removed organic practices and the restoration method choices used to calculate liability and premium; and
  • modified pricing to offer separate tree reference prices for irrigated and non-irrigated practices.

Action

The following documents will be available by close of business today on the RMA website atrma.usda.gov:

  • Pecan Tree Crop Provisions (23-PCT)
  • Pecan Tree Crop Insurance Comprehensive Tree Value Endorsement (23-PCT-A)

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 atrma.usda.gov/en/Information-Tools/Agent-Locator-Page.

DISPOSAL DATE:
December 31, 2023