PRODUCT MANAGEMENT BULLETIN: PM–16-011
United States Department of Agriculture
Farm and Foreign Agricultural Services
Risk Management Agency
1400 Independence Avenue, SW
Stop 0801
Washington, DC 20250-0801
Date
February 16, 2016
To:
All Approved Insurance Providers
All Risk Management Agency Field Offices
All Other Interested Parties
All Risk Management Agency Field Offices
All Other Interested Parties
From:
Tim B. Witt /s/ Deputy Administrator 2/16/2016
Subject:
2016 Crop Year (CY) Common Crop Insurance Policy and Area Risk Protection Insurance Projected Prices and Volatility Factor
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Common Crop Insurance Policy & Area Risk Protection Insurance1 The 2016 CY projected prices shown below are approved for the Yield Protection, Area Yield Protection, Revenue Protection, Area Revenue Protection, Revenue Protection with Harvest Price Exclusion and Area Revenue Protection - Harvest Price Exclusion plans of insurance. The 2016 CY volatility factors shown below are approved for the Revenue Protection, Area Revenue Protection, Revenue Protection with Harvest Price Exclusion and Area Revenue Protection - Harvest Price Exclusion plans of insurance. The projected prices and volatility factors apply to policies with a February 28 sales closing date, unless otherwise indicated, and are applicable for the crops, types, practices and states indicated below:
Crop/Type/Practice/State
Exchange Contract Projected Price Volatility Factor Corn Alabama, Florida, Georgia, Louisiana & South Carolina
CBOT September Corn $3.81/bushel 0.17 Corn - Organic Practice Alabama, Florida, Georgia, Louisiana & South Carolina CBOT September Corn $8.31/bushel 0.17 Corn Arkansas & Mississippi CBOT December Corn $3.89/bushel 0.17 Corn - Organic Practice Arkansas & Mississippi CBOT
December Corn $8.49/bushel 0.17 Corn North Carolina
CBOT December Corn $3.89/bushel 0.17 Corn - Organic Practice North Carolina CBOT December Corn $3.89/bushel 0.17 Corn - Arizona, California & Nevada CBOT December Corn $3.89/bushel 0.19 Corn - Organic Practice - Arizona, California & Nevada CBOT December Corn $8.49/bushel 0.19 Cotton - All States ICE December Cotton $0.62/pound 0.14 Cotton - Organic Practice - All States ICE December Cotton $1.22/pound 0.14 Grain Sorghum - Alabama, Florida, Georgia & South Carolina CBOT December Corn $3.75/bushel 0.16 Grain Sorghum - Organic Practice - Alabama, Florida, Georgia & South Carolina CBOT December Corn $5.73/bushel 0.17 Grain Sorghum - Arkansas, Louisiana & Mississippi CBOT December Corn $3.75/bushel 0.17 Grain Sorghum - Organic Practice - Arkansas, Louisiana & Mississippi CBOT December Corn $5.73/bushel 0.17 Grain Sorghum - Arizona, California & North Carolina CBOT December Corn $3.75/bushel 0.19 Grain Sorghum - Organic Practice - Arizona, California & North Carolina CBOT December Corn $3.75/bushel 0.19 Peanuts - Runner Type - Alabama, Arkansas, Florida, Georgia, Louisiana, Mississippi, North Carolina, South Carolina & Texas CBOT/ICE December, Wheat, Cotton, Soybean Oil & Soybean Meal $0.2039/pound 0.10 Peanuts - Spanish Type - Alabama, Arkansas Florida, Georgia, Louisiana, Mississippi, North Carolina & South Carolina CBOT/ICE December, Wheat, Cotton, Soybean Oil & Soybean Meal $0.2416/pound 0.10 Peanuts - Virginia Type - Alabama, Florida, Georgia, Mississippi, North Carolina & South Carolina CBOT/ICE December, Wheat, Cotton, Soybean Oil & Soybean Meal $0.2467/pound 0.10 Popcorn - March 15 Sales Closing Date - Alabama CBOT September Corn $0.1676/pound 0.17 Popcorn - Organic Practice - March 15 Sales Closing Date - Alabama CBOT September Corn $0.2416/pound 0.17 Rice - Long Grain Type & No Type Specified - Louisiana CBOT September Rice $0.117/pound 0.13 Rice - Long Grain Type & No Type Specified; Organic Practice - Louisiana CBOT September Rice $0.157/pound 0.13 Rice - Medium/Short Grain Types - Louisiana CBOT September Rice $0.133/pound 0.13 Rice - Medium/Short Grain Types; Organic Practice - Louisiana CBOT September Rice $0.179/pound 0.13 Rice - Long Grain Type & No Type Specified; -Arkansas, Mississippi & Texas CBOT November Rice $0.119/pound 0.15 Rice - Long Grain Type & No Type Specified; Organic Practice - Arkansas, Mississippi & Texas CBOT November Rice $0.159/pound 0.15 Rice - Medium/Short Grain Types - Arkansas, Mississippi & Texas CBOT November Rice $0.136/pound 0.15 Rice - Medium/Short Grain Types; Organic Practice - Arkansas, Mississippi & Texas CBOT November Rice $0.182/pound 0.15 Rice - Long Grain Type & No Type Specified - California, Illinois, Missouri, Oklahoma & Tennessee CBOT November Rice $0.119/pound 0.16 Rice - Long Grain Type & No Type Specified ;Organic Practice - California, Illinois, Missouri, Oklahoma & Tennessee CBOT November Rice $0.159/pound 0.16 Rice - Medium/Short Grain Types - California CBOT November Rice $0.168/pound 0.16 Rice - Medium/Short Grain Types; Organic Practice - California CBOT November Rice $0.225/pound 0.16 Rice - Medium/Short Grain Types - Illinois, Missouri, Oklahoma & Tennessee CBOT November Rice $0.136/pound 0.16 Rice - Medium/Short Grain Types; Organic Practice - Illinois, Missouri, Oklahoma & Tennessee CBOT November Rice $0.182/pound 0.16 Soybeans - Arkansas, Louisiana, Mississippi & Texas CBOT November Soybeans $8.86/bushel 0.14 Soybeans - Organic Practice - Arkansas, Louisiana, Mississippi & Texas CBOT November Soybeans $16.87/bushel 0.14 Soybeans - Alabama, Florida, Georgia, North Carolina & South Carolina CBOT January (2017) Soybeans $8.91/bushel 0.14 Soybeans - Organic Practice - Alabama, Florida, Georgia, North Carolina & South Carolina CBOT January (2017) Soybeans $16.96/bushel 0.14 1 Projected Prices and Volatility Factors are applicable for the Supplemental Coverage Option (SCO) and Stacked Income Protection (STAX - cotton only).
Disposal Date
December 31, 2016