FCIC-18050-1 (07-2000) 2000 and Succeeding Insurance Years
UNITED STATES DEPARTMENT OF AGRICULTURE
WASHINGTON, D.C. 20250
FEDERAL CROP INSURANCE HANDBOOK
FCIC 18050-1 (07-2000)
DATE: July 18, 2000
ADJUSTED GROSS REVENUE
2000 AND SUCCEEDING INSURANCE YEARS
OPI: Product Development Division
/s/ Kenneth D. Ackerman
Administrator, Risk Management Agency
THIS HANDBOOK CONTAINS THE OFFICIAL FCIC-APPROVED STANDARDS FOR UNDERWRITING,
ADMINISTRATION AND LOSS ADJUSTMENT STANDARDS FOR AGR FOR THE 2000 AND
SUCCEEDING CROP YEARS. IN THE ABSENCE OF INDUSTRY-DEVELOPED, FCIC-APPROVED
PROCEDURE FOR THIS CROP FOR 2000 AND SUCCEEDING CROP YEARS, ALL REINSURED
COMPANIES WILL UTILIZE THESE STANDARDS FOR UNDERWRITING, LOSS ADJUSTMENT AND
FOR UNDERWRITING AND LOSS TRAINING.
FCIC-18050 (10-1998) is the initial Adjusted Gross Revenue Standards Handbook issued for AGR.
FCIC-18050-1 (07-2000) is an amendment to this Handbook.
SUMMARY OF CHANGES/CONTROL CHART
Major Changes: See changes or additions in text which have been redlined. Three (***) identify
information that has been removed.
Changes for July 2000 Issuance: (FCIC-18050-1)
Updated page 1, paragraph 2A, list of available AGR states and counties.
Changed the definition of 'Approved Expenses', on page 5, to include rounding rules.
Corrected the indemnity calculation on page 25, paragraph 5D(3).
Changed the indexed AGR calculation, on page 33, paragraph 19B(2), to include the 20
Clarified that an AGR indemnity payment, page 43 in paragraph C(4), is not to be
considered as income to count.
Changed the term 'growth factor', page 57 Item 19, to income 'trend factor' to agree with
factor calculation instructions.
Changed item 7-11 Sub Columns Market, page 68, completion inst