1.  

PRODUCT MANAGEMENT BULLETIN: PM–16-004

United States Department of Agriculture


Farm and Foreign Agricultural Services


Risk Management Agency


1400 Independence Avenue, SW
Stop 0801
Washington, DC  20250-0801

Date

January 20, 2016

To:

All Approved Insurance Providers
All Risk Management Agency Field Offices
All Other Interested Parties

From:

Tim B. Witt, Deputy Administrator /s/ Tim B. Witt    1/20/2016

Subject:

2016 Crop Year (CY) Margin Protection Plan Projected Prices and Volatility Factors
Margin Protection Plan

The following 2016 CY margin projected prices and volatility factors are approved for the Margin Protection Plan. The margin projected price is used in conjunction with projected input prices and the expected county yield to derive the expected margin (per acre), trigger margin (per acre) and liability. The expected margins for each crop/county are available at the following web page on RMA’s public website: webapp.rma.usda.gov/apps/actuarialinformationbrowser/.

Please see the following web page on RMA’s public website for program details: www.rma.usda.gov/Policy-and-Procedure/Insurance-Plans/Margin-Protection-for-Corn-Rice-Soybeans-and-Wheat.


Crop/Type Exchange Contract Margin Protection Price Volatility Factor
Rice - Long Grain Type & No Type Specified
Texas		 CBOT September Rice $0.120/pound 0.14
Rice - Medium & Short Grain Types
Texas		 CBOT September Rice $0.136/pound 0.14

Disposal Date
December 31, 2016

USDA is an Equal Opportunity Employer and Provider

   Office

  • Beacon Facility, Mail Stop 0801
    P.O. Box 419205
    Kansas City, MO 64141-6205