What is RMA doing to evaluate and monitor GRIP and GRP performance?
RMA updates GRIP and GRP premium rates annually. Thus, premium rates for these products are responsive to any changes in risk that may occur. Also, RMA is undertaking an evaluation of current yield trending procedures to see if other approaches may offer some potential for improvement. RMA also examined pricing behavior on the futures exchanges, with a particular focus on corn futures to determine whether recent patterns represent a typical or atypical occurrence.