INFORMATIONAL MEMORANDUM: PM–16-012
United States Department of Agriculture
Farm and Foreign Agricultural Services
Risk Management Agency
1400 Independence Avenue, SW
Stop 0801
Washington, DC 20250-0801
Date
To:
All Risk Management Agency Field Offices
All Other Interested Parties
From:
Subject:
- Margin Protection Plan
-
The following 2016 CY margin projected prices and volatility factors are approved for Margin Protection Plan for rice offers with a February 28 sales closing date. 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: Actuarial Information Browser
Please see the following web page on RMA’s public website for program details: Policies Index
Crop/Type Exchange Contract Margin
Projected
PriceVolatility
FactorRice - Long Grain Type &
No Type Specified
Arkansas, Mississippi, TexasCBOT September*
Rice$0.177/pound .15 Rice - Medium & Short Grain Types Arkansas, Mississippi, Texas CBOT September* Rice $0.133/pound .15 Rice - Long Grain Type & No Type Specified Missouri CBOT September* Rice $0.117/pound .16 Rice - Medium & Short Grain Types Missouri CBOT September* Rice $0.133/pound .16 Rice - Long Grain Type & No Type Specified California CBOT September* Rice $0.117/pound .16 Rice - Medium & Short Grain Types California CBOT September* Rice $0.165/pound .16 Rice - Long Grain Type & No Type Specified Louisiana CBOT September* Rice $0.117/pound .13 Rice - Medium & Short Grain Types Louisiana CBOT September* Rice $0.133/pound .13 *For Margin Projected Prices, the September contract was used in lieu of the November contract due to low open interest.
DISPOSAL DATE
December 31, 2016