RMA Extends Acreage Reporting Deadline for Certain States
In reference to the RMA BULLETIN NO.: MGR-19-019 released July 10, 2019, Hudson Crop will honor the acreage reporting date extension of July 22, 2019 for all counties in Arkansas, Illinois, Indiana, Iowa, Kentucky, Michigan, Missouri, Minnesota, North Dakota, Ohio, Tennessee and Wisconsin.
Despite the issued…
Fulfill Your Training Requirements to Sell 2020 Livestock
With the new Reinsurance Year beginning July 1st, it's time for Annual Livestock Update Training in order to meet the Livestock Price Reinsurance Agreement's (LPRA) required three hours of annual livestock update training for experienced agents. The LPRA defines "experienced agent" as one that has been previously trained on the Livestock Risk Protection…
NEW: Veteran Farmer or Rancher
On March 26, 2019, RMA released bulletin MGR-19-010 introducing Veteran Farmer or Rancher (VFR) benefits.
Section 12306(b) of the Agriculture Improvement Act of 2018 added the definition of Veteran Farmers and Ranchers to Section 502(b) of the Federal Crop Insurance Act (7 U.S.C. 1502(b)) (as amended by section 11101) and…
2020 Crop Year Livestock Program Modifications
On April 22, 2019, RMA released bulletins PM-19-022, PM-19-023 and PM-19-024 regarding revisions to the Dairy Revenue Protection (DRP), Livestock Gross Margin (LGM) and Livestock Risk Protection (LRP) plans of insurance for the 2020 crop year starting July 1st, 2019.
DRP revisions include:
- Coverage Level Adjustments: Removed the 70…
BFR Definition Changes for WFRP – 2019 and Succeeding Crop Years
RMA released Managers Bulletin MGR-19-004 on March 12, 2019 altering the definition of Beginning Farmer or Rancher (BFR) for purposes of the Whole-Farm Revenue Protection (WFRP) plan of insurance for the 2019 and succeeding policy years.
Action
The following definition of BFR applies to all WFRP policyholders or new policyholders…
Multi County Enterprise Unit (MCEU) – 2019 and Succeeding Crop Years
As announced in RMA Bulletin No.: MGR-18-017, the Risk Management Agency (RMA) has developed the Multi-County Enterprise Unit (MCEU) Endorsement in response to requests to incorporate small amounts of acreage from one county into an enterprise unit for a contiguous county.
Overview
The MCEU Endorsement allows an insured to…
Introducing Variable Interval Product
We are excited to announce the launch of Hudson Crop product, Variable Interval Product (VIP™)!
VIP is a supplemental crop insurance policy that provides the potential for a higher revenue protection guarantee than the base coverage established on the underlying Revenue Protection or Area Revenue Protection plan of insurance. Producers…
Dairy Revenue Ready!
Hudson Crop agents can now key Dairy Revenue Protection (DRP) growers and coverages! Endorsements are not able to be keyed until RMA rates are released.
In order to key DRP in eHarvest, agents must have attended a 3-hour training session, passed the DRP competency test and completed a Conflict of Interest…
NEW: Dairy Revenue Protection Training
Dairy Revenue Protection (DRP) is approved for sale in all 50 states. Daily sales will begin on Tuesday, October 9, 2018, with the first available coverage starting the first quarter of 2019.
We will be offering 3-hour Dairy Revenue Protection (DRP) training sessions throughout the year. This course is required…
Annual Livestock Update Training
We will be offering our 3-hour Livestock Update training sessions throughout the month of June. This course is required for all experienced agents wanting to write livestock policies for the 2019 Reinsurance Year.
The Livestock Price Reinsurance Agreement (LRPA) requires all experienced agents to complete three hours of update training…
