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John Shea, 202-690-0437
USDA RELEASES STUDIES ABOUT FEDERAL CROP INSURANCE PROGRAM ACTUARIAL METHODOLOGY FOR PUBLIC COMMENT
WASHINGTON, updated Dec 7, 2009 - USDA’s Risk Management Agency (RMA) has released the results of a periodic review of
RMA’s premium rating methodology. Over the past several years, RMA has engaged contractors and conducted internal assessments of various elements of its
premium rating methodology. In 2009, RMA undertook a comprehensive review of all aspects of the Actual Production History (APH) and revenue rating methodologies.
RMA is releasing the draft report received under this contract, as well as prior contracted studies
and internal RMA reviews considered, on its web site for review and comment. The report, “A Comprehensive Review
of the RMA APH and COMBO Rating Methodology Draft Final Report” and other studies are available at www.rma.usda.gov/pubs/.
Comments related to this report can be directed to
actuarial@rma.usda.gov. The public comment period
has been extended until Jan 19, 2010.
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