INFORMATIONAL MEMORANDUM: PM–17-067
United States Department of Agriculture
Farm and Foreign Agricultural Services
Risk Management Agency
1400 Independence Avenue, SW
Stop 0801
Washington, DC 20250-0801
Date
December 01, 2017
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:
Richard H. Flournoy Deputy Administrator /s/ Richard H. Flournoy 12/1/2017
Subject:
2017 Crop Year (CY) Common Crop Insurance Policy and Area Risk Protection Insurance Harvest Prices Announcement
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Common Crop Insurance Policy & Area Risk Protection Insurance 1,2
The 2017 CY harvest prices shown below are approved for the following plans of insurance: Revenue Protection, Area Revenue Protection, Revenue Protection with Harvest Price Exclusion and Area Revenue Protection – Harvest Price Exclusion. The harvest prices are applicable for the crops, practices, sales closing dates and states indicated in the following table.
Crop/Practice/Sales Closing Date/State Exchange Contract Harvest Price Corn
March 15 Sales Closing Date
Idaho, Michigan, Oregon & WashingtonCBOT December
Corn$3.43/bushel Corn - Organic Practice
March 15 Sales Closing Date
Idaho, Michigan, Oregon & WashingtonCBOT December
Corn$7.85/bushel Cotton
March 15 Sales Closing Date
Kansas, New Mexico & OklahomaICE December
Cotton$0.70/pound Cotton - Organic Practice
March 15 Sales Closing Date
Kansas, New Mexico & OklahomaICE December
Cotton$1.10/pound Popcorn
March 15 Sales Closing Date
MichiganCBOT December
Corn$0.1475/Pound Popcorn - Organic Practice
March 15 Sales Closing Date
MichiganCBOT December
Corn$0.2123/Pound Soybeans
February 28 Sales Closing Date
Alabama, Florida, Georgia, North Carolina & South CarolinaCBOT January
(2018)
Soybeans$9.88/Bushel Soybeans - Organic Practice
February 28 Sales Closing Date
Alabama, Florida, Georgia, North Carolina & South CarolinaCBOT January
(2018)
Soybeans$19.90/Bushel Soybeans
March 15 Sales Closing Date
Delaware, Maryland, Oklahoma, Virginia & West VirginiaCBOT January
(2018)
Soybeans$9.88/Bushel Soybeans - Organic Practice
March 15 Sales Closing Date
Delaware, Maryland, Oklahoma, Virginia & West VirginiaCBOT January
(2018)
Soybeans$19.90/Bushel 1 Harvest Prices are applicable for the Supplemental Coverage Option (SCO).
2 Harvest Prices are applicable for Stacked Income Protection (STAX) cotton policies.DISPOSAL DATE
December 31, 2017