Negócios · 29/06/20201 min de leitura
Area Risk Protection Insurance Regulations; Common Crop Insurance Policy Basic Provisions; and Common Crop Insurance Regulations, Coarse Grains Crop Insurance Provisions
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Resumo
The Federal Crop Insurance Corporation (FCIC) amends the Area Risk Protection Insurance (ARPI) Regulations; Common Crop Insurance Policy (CCIP) Basic Provisions; and the Common Crop Insurance Regulations, Coarse Grains Crop Insurance Provisions. The intended effect of this action is to implement the changes contained in the Agriculture Improvement Act of 2018 (commonly referred to as the 2018 Farm Bill). Section 11122 of the 2018 Farm Bill required that FCIC research and develop methods of adjusting for quality losses. In addition to the 2018 Farm Bill required changes, FCIC is updating provisions regarding premium offsets, Administrator reinstatement, notice of loss, double cropping requirements, prevented planting, and units. The changes to the policy made in this rule are applicable for the 2021 crop year for crops with a contract change date on or after June 30, 2020. For all crops the changes to the policy made in this rule are applicable for the 2022 and succeeding crop years.