View Rule

View EO 12866 Meetings Printer-Friendly Version     Download RIN Data in XML
USDA/FCIC RIN: 0563-AC17 Publication ID: Fall 2008 
Title: ●Catastrophic Risk Protection Endorsement and the Group Risk Plan of Insurance Regulations 
Abstract: The Federal Crop Insurance Corporation (FCIC) amends the Catastrophic Risk Protection Endorsement CAT Endorsement), the Group Risk Plan Common Policy(GRP policy), and the Common Crop Insurance Policy Basic Provisions (Basic Provisions) to incorporate changes mandated by the Food, Conservation, and Energy Act of 2008 (Farm Bill 2008). On May 22, 2008, the 2008 Farm Bill was enacted. Section 12006 of the 2008 Farm Bill requires that each producer pay an administrative fee for catastrophic risk protection (CAT) in the amount of $300 per crop per county. The provisions are very specific and mandate certain terms that do not allow FCIC any discretion in the provisions or their implementation. Currently, the administrative fee for catastrophic risk protection is $100 per crop per county. Further, that section expressly authorizes cooperative and trade associations to pay the administrative fee for CAT coverage under certain circumstances. Provisions have been modified to allow such associations to pay the CAT administrative fee. Further, that section expressly authorizes cooperative and trade associations to pay the administrative fee for CAT coverage under certain circumstances. Provisions have been modified to allow such associations to pay the CAT administrative fee. 
Agency: Department of Agriculture(USDA)  Priority: Substantive, Nonsignificant 
RIN Status: First time published in the Unified Agenda Agenda Stage of Rulemaking: Completed Actions 
Major: No  Unfunded Mandates: No 
CFR Citation: 7 CFR 402    7 CFR 407   
Legal Authority: 7 USC 1506(l)(p)   
Legal Deadline:
Action Source Description Date
Final  Statutory  2008 Farm Bill requirement  06/30/2008 

Overall Description of Deadline: Section 12006 of the 2008 Farm Bill requires that each producer pay an administrative fee for catastrophic risk protection of $300 per crop per county. FCIC is merely making ministerial changes to the policy mandated by the 2008 Farm Bill. There is no discretion given to FCIC in the terms contained in this rule or their implementation. The next applicable contract change date, the date by which changes to the policy must be made to have them effective for the next crop year, is June 30, 2008.

Timetable:
Action Date FR Cite
Final Action  06/27/2008  73 FR 36407   
Final Action Effective  06/25/2008  73 FR 36407   
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: No  Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Timothy Hoffmann
Director, Product Administration and Standards Division
Department of Agriculture
Federal Crop Insurance Corporation
6501 Beacon Drive,
Kansas City, MO 64133
Phone:816 926-7387