Does RMA monitor the expected yields?
RMA monitors and recalculates the expected yields every year to ensure that they incorporate all available data. This results in some variation in expected yields from year to year. In 2006, the expected yield in some counties (especially in Illinois) increased significantly. This was largely a reflection of the high yields that have been experienced in much of the Corn Belt in recent years. The higher yields did not result in losses in 2006 as the loss ratios were minimal for both corn and soybeans. Nevertheless, RMA has contracted with an outside group of experts to review and evaluate its yield trend methodology. When the report is complete, RMA will make adjustments to its methodology as warranted.
