Farm Credit Insurance Board to Discuss Premiums February 12
Published Date: 1/31/2025
Notice
Summary
The Farm Credit System Insurance Corporation’s Board of Directors will meet on February 12, 2025, to review important topics like insurance premium rates and contracting policies. Some parts of the meeting are open to the public, while others are private, covering reports on liquidity, contracts, and whistleblower activity. This affects farmers and lenders by potentially changing insurance costs and policies soon.
Analyzed Economic Effects
2 provisions identified: 0 benefits, 0 costs, 2 mixed.
Insurance Premium Accrual Rate Review
On February 12, 2025, the Farm Credit System Insurance Corporation Board will review and set insurance premium accrual rates. You are a Farm Credit System lender or borrower if you work with farm lenders; changes to these accrual rates could change insurance costs for those lenders and the farmers they serve.
Contracting Policy Statement Review
At the February 12, 2025 meeting, the Board will consider a policy statement concerning contracting. If you bid on or hold contracts with the Farm Credit System or FCSIC, this policy statement could change contracting rules or procedures that affect how those contracts are awarded or managed.
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Key Dates
Department and Agencies
Related Federal Register Documents
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The Farm Credit System Insurance Corporation’s Board is meeting on October 7, 2026, to review important financial reports, insurance premium rates, and the annual budget. Farmers, lenders, and anyone involved with farm credit insurance should pay attention, as decisions could affect costs and coverage. You can watch the open parts live in person or online by registering a day ahead.
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