BULLETIN NO.: MGR-97-005.1

TO:       All Reinsured Companies
          All Risk Management Field Offices

FROM:     Kenneth D. Ackerman
          Acting Administrator

SUBJECT:  1997 Corn and Soybean Crop Revenue Coverage (CRC) 
          Carryover Policyholders in Iowa and Nebraska and Income
          Protection (IP) Carryover Policyholders

BACKGROUND:

Risk Management Agency (RMA) recently issued MGR-97-005 which
provided instructions to be followed for Crop Revenue Coverage
(CRC) and Income Protection (IP) carryover policies for the 1997
crop year since the contract change dates for CRC corn, CRC
soybeans, IP cotton, IP corn, and IP spring wheat have passed and
the policies and premiums have changed.  Since issuance of
Bulletin MGR-97-005 concerns have been raised regarding the
ability to contact absentee landlords or certain other
policyholders who for legitimate reasons can not be contacted or
will not be able to respond by the cancellation date.

ACTION:

RMA is authorizing reinsured companies and their agents additional
time to contact absentee landlords or other policyholders who for
legitimate reasons were unable to be contacted or respond by the
February 28, 1997, cancellation date in certain cases or the
March 15, 1997, cancellation date.  

Reinsured companies and their agents may accept confirmation from
these policyholders until March 28, 1997, for those policies with
a February 28, 1997, cancellation date and April 15, 1997, for
those policies with a March 15, 1997, cancellation date.  These
policyholders may: 

1) accept the terms of the new policies by indicating so in
writing as outlined in MGR-97-005,

2) may request cancellation of their coverage, or 

3) may convert their existing coverage to another plan of
insurance available under the Federal Crop Insurance Act.

Any considerations for late designations to the Assigned Risk Fund
must be referred to the Reinsurance Services Division no later
than April 30, 1997.

All other instructions contained in MGR-97-005 remain in effect.