US Department of Agriculture Finalizes Crop Insurance Regulations

Summary

The Federal Crop Insurance Corporation (FCIC) has finalized several crop insurance regulations, including the General Administrative Regulations, Group Risk Plan of Insurance Regulations, and Common Crop Insurance Regulations, in response to the Federal Crop Insurance Act and the Agricultural Risk Protection Act of 2000. The changes will apply to crop years 2004 and beyond for certain crops, and will require earlier notice of loss for prevented planting due to an Office of Inspector General audit.