MCLEAN, Va., Oct. 14, 2020 /PRNewswire/ — Dovel Technologies announced today that Ace Info Solutions, LLC (AceInfo) has been awarded a Task Order from the U.S. Department of Agriculture (USDA), Farm Production and Conservation (FPAC) Risk Management Agency (RMA) for Crop Insurance Software Development Delivery Services. The RMA’s mission is to serve America’s agricultural producers through effective, market-based risk management tools and solutions to strengthen the economic stability of agricultural producers and rural communities. In 2019, RMA managed nearly $115 billion worth of insurance liability.

(PRNewsfoto/Dovel Technologies)

The USDA Crop Insurance Software Delivery Support Services task order, awarded through the USDA FS DAITSS BPA contract vehicle, has a base year plus three option years and an estimated value of $59M. Under this Task Order, AceInfo will provide a full range of software development services to support the development and delivery of new crop insurance products, sustain and modernize current applications and tools in production, as well as innovate, design, deploy, develop, and maintain new IT systems.

“AceInfo stands ready to collaborate with RMA on solutions that make the delivery of new insurance products and services more efficient for both the agency and the farmers it serves,” said Mike Cosgrave, AceInfo COO. “We look forward to applying innovative development methodologies and delivering modernized solutions to enhance this important program.”

Together, Dovel and AceInfo’s approach to technology solution development is fueled by an innovation-focused culture and entrepreneurial DNA that accelerates agency missions and contributes to improving, protecting, and saving lives. As a result, government customers can optimize operational outcomes, strengthen IT capabilities, and implement best practices for highly complex and critical programs.

“Our team is excited to support USDA FPAC’s efforts to meet the needs of our nation’s agricultural producers,” said Damon Griggs, Dovel CEO. “Our long-standing history with

Surprise readjustment puts September 1 corn inventories down more than ten percent versus 2019 with June through August three month “disappearance” at a near record 3.02 billion bushels.

Inventories of the largest US agricultural crop were officially revised downward in a once annual government report widely watched by traders and farmers.

Known in the trade as the “September Grain Stocks” report, the publication is relied upon by analysts because it sets the official benchmark for grain inventories in the United States as of September 1, the start of the new marketing year for big grains like corn and soybeans. It is released on September 30 each year by the National Agricultural Statistics Service (NASS), the Agricultural Statistics Board, and the United States Department of Agriculture (USDA).

Yesterday’s numbers shocked the corn markets by showing an unanticipated decline of 226 million bushels of corn from September 1, 2019 to September 1, 2020. Most analysts had predicted that US corn inventories would have been around 2.250 billion bushels at the beginning of September, but the government pegged the official number at 1.995 billion bushels. Corn futures markets reacted instantly, with most corn futures contracts higher by around three percent.

Importantly, it was not simply the decline in inventories that garnered the attention of corn watchers. Usually when inventories decline significantly it is because of a supply problem, but in fact the USDA showed a minimal rise in corn production, which means corn usage was higher. In fact, the