PRODUCT MANAGEMENT BULLETIN: PM–19-055
United States Department of Agriculture
Farm and Foreign Agricultural Services
Risk Management Agency
1400 Independence Avenue, SW
Stop 0801
Washington, DC 20250-0801
Date
October 01, 2019
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:
John Underwood for Richard H. Flournoy, Deputy Administrator /s/ John Underwood 10/1/2019
Subject:
2019 Crop Year (CY) Common Crop Insurance Policy, Area Risk Protection Insurance and Margin Protection Plan Harvest Prices Announcement
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Common Crop Insurance Policy and Area Risk Protection Insurance 1 The 2019 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, sales closing dates, states, types, and practices indicated in the following table.
Crop/Sales Closing Date/
State/Type/PracticeExchange Contract Harvest Price Barley
March 15 Sales Closing Date
Alaska
CBOT December
Corn$5.29/bushel Barley – Organic Practice
March 15 Sales Closing Date
Alaska
CBOT
December
Corn
$11.30/bushel Canola
August 31 Sales Closing Date
Idaho (Spring Type(s)),
Oregon (Spring Type(s))
& Washington (Spring Type(s))
ICE November
Canola
$0.153/pound Canola – Rapeseed Type*
August 31 Sales Closing Date
Idaho (Spring Type(s)),
Oregon (Spring Type(s))
& Washington (Spring Type(s))
*Harvest Price is set equal to Projected Price.
ICE November
Canola
$0.245/pound
Canola
March 15 Sales Closing Date
Idaho (Spring Type(s)), Minnesota, Montana,
North Dakota, Oregon (Spring Type(s))
& Washington (Spring Type(s))
ICE November
Canola
$0.153/pound
Canola – Rapeseed Type*
March 15 Sales Closing Date
Idaho (Spring Type(s)), Montana,
North Dakota, Oregon (Spring Type(s))
& Washington (Spring Type(s))
*Harvest Price is set equal to Projected Price.
ICE November
Canola
$0.245/pound
Corn
February 15 Sales Closing Date
Texas
CBOT December
Corn
$3.68/bushel
Corn – Organic Practice
February 15 Sales Closing Date
Texas
CBOT December
Corn
$8.48/bushel
Corn
February 28 Sales Closing Date
North Carolina
CBOT December
Corn
$3.68/bushel
Corn – Organic Practice
February 28 Sales Closing Date
North Carolina
CBOT December
Corn
$8.48/bushel
Corn
March 15 Sales Closing Date
Oklahoma & Texas
CBOT December
Corn
$3.68/bushel
Corn – Organic Practice
March 15 Sales Closing Date
Oklahoma & Texas
CBOT December
Corn
$8.48/bushel
Cotton2
January 31 Sales Closing Date
Texas
ICE December
Cotton$0.60/pound
Cotton – Organic Practice2,3
January 31 Sales Closing Date
Texas
ICE December
Cotton
$1.02/pound
Grain Sorghum
February 15 Sales Closing Date
Texas
CBOT December
Corn
$3.62/bushel
Grain Sorghum – Organic Practice
February 15 Sales Closing Date
Texas
CBOT
December
Corn
$7.67/bushel
Grain Sorghum
February 28 Sales Closing Date
Arkansas, Louisiana & Mississippi
CBOT
December
Corn
$3.62/bushel
Grain Sorghum – Organic Practice
February 28 Sales Closing Date
Arkansas, Louisiana & Mississippi
CBOT
December
Corn
$7.67/bushel
Grain Sorghum
March 15 Sales Closing Date
Texas
CBOT
December
Corn
$3.62/bushel
Grain Sorghum – Organic Practice
March 15 Sales Closing Date
Texas
CBOT
December
Corn
$7.67/bushel
Rice - Long Grain Type
February 15 Sales Closing Date
Florida
CBOT
November
Rice
$0.121/pound
Rice - Long Grain Type
Organic Practice
February 15 Sales Closing Date
Florida
CBOT
November
Rice$0.162/pound
Rice - Medium & Short Grain Types
February 15 Sales Closing Date
Florida
CBOT November
Rice$0.128/pound
Rice - Medium & Short Grain Types
Organic Practice
February 15 Sales Closing Date
Florida
CBOT November
Rice$0.172/pound
Rice - Long Grain Type
February 28 Sales Closing Date
Arkansas, Mississippi & Texas
CBOT November
Rice$0.121/pound
Rice - Long Grain Type
Organic Practice
February 28 Sales Closing Date
Arkansas, Mississippi & Texas
CBOT November
Rice$0.162/pound
Rice - Medium & Short Grain Types
February 28 Sales Closing Date
Arkansas, Mississippi & Texas
CBOT November
Rice$0.128/pound
Rice - Medium & Short Grain Types
Organic Practice
February 28 Sales Closing Date
Arkansas, Mississippi & Texas
CBOT November
Rice$0.172/pound
Soybeans
January 31 Sales Closing Date
Texas
CBOT
November
Soybeans
$8.83/bushel
Soybeans – Organic Practice
January 31 Sales Closing Date
Texas
Coverage is not available for the 2019 CY.
1Harvest Prices are applicable for the Supplemental Coverage Option (SCO).
2Harvest Prices are applicable for Stacked Income Protection (STAX) cotton policies.
3For the 2019 CY, organic coverage is not available for all counties covered by the January 31 sales closing date.
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Margin Protection Plan The following 2019 CY margin harvest prices are approved for the Margin Protection Plan. Margin harvest prices are used in conjunction with harvest input prices and final county yields to derive the harvest margin. Please see the following web page on RMA’s public website for program details:
www.rma.usda.gov/-/media/RMAweb/Policies/Margin-Price-Provisions/2019/Margin-Price-Provisions-Rice-19-MPP-0018.ashxCrop/State/Type Exchange Contract Margin
Harvest PriceRice - Long Grain Type& No Type Specified
February 28 Sales Closing Date
Arkansas, Mississippi & Texas
CBOT
November
Rice
$0.121/pound
Rice - Medium & Short Grain Types
February 28 Sales Closing Date
Arkansas, Mississippi & Texas
CBOT
November
Rice
$0.128/pound
DISPOSAL DATE
December 31, 2019