RMA has issued its final Rate Factor of 57.69 for the 2011 crop year (CY). This is the final Rate Factor for 2011 and will not change. Estimates for the 2012 Rate Factor range from the high 50’s to 65 percent. NAU is currently utilizing a 60% Rate Factor. We will adjust the rate as industry premium is recorded. RMA will establish the final 2012 Rate Factor in October 2013. We will keep you up-to-date as this changes.
We are happy to inform you that Profit Sharing Check(s) for the 2011 CY will begin being mailed this week and will finish up the week of 11/5 – 11/9.