Date
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
Subject
2016 Crop Year (CY) Common Crop Insurance Policy and Area Risk Protection Insurance Projected Prices and Volatility Factor
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