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
Richard H. Flournoy, Deputy Administrator
Subject
2022 Crop Year (CY) Common Crop Insurance Policy and Area Risk Protection Insurance Harvest Prices, Malting Barley Endorsement Harvest Price Components, and Margin Protection Plan Margin Harvest Prices Announcement
Common Crop Insurance Policy & Area Risk Protection Insurance 1
The 2022 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 with the Harvest Price Exclusion. The harvest prices are applicable for the crops, sales closing dates, states, types, and practices indicated in the following table.
| Crop/Practice/Sales Closing Date/ State/Type | Exchange | Contract | Harvest Price |
| Barley September 30 Sales Closing Date California (Winter & Spring Types), Colorado (Spring Types), Idaho (Winter & Spring Types), Oregon (Winter & Spring Types), and Washington (Winter & Spring Types) | CBOT | September Corn | $5.61 per bushel |
| Barley – Organic Practice September 30 Sales Closing Date California (Winter & Spring Types), Colorado (Spring Types), Idaho (Winter & Spring Types), Oregon (Winter & Spring Types), and Washington (Winter & Spring Types) | CBOT | September Corn | $11.98 per bushel |
| Barley October 31 Sales Closing Date Nevada (Winter & Spring Types) and Utah (Winter & Spring Types) | CBOT | September Corn | $5.61 per bushel |
| Barley – Organic Practice October 31 Sales Closing Date Nevada (Winter & Spring Types) and Utah (Winter & Spring Types) | CBOT | September Corn | $11.98 per bushel |
| Barley March 15 Sales Closing Date California (Winter Types w/o Winter Coverage Endorsement & Spring Types), Colorado (Spring Types), Idaho (Winter Types w/o Winter Coverage Endorsement & Spring Types), Maine, Michigan, Minnesota, Montana, Nevada, North Dakota, Oregon (Winter Types w/o Winter Coverage Endorsement & Spring Types), South Dakota, Utah, Vermont, Washington (Winter Types w/o Winter Coverage Endorsement & Spring Types), Wisconsin, and Wyoming | CBOT | September Corn | $5.61 per bushel |
| Barley – Organic Practice March 15 Sales Closing Date California (Winter Types w/o Winter Coverage Endorsement & Spring Types), Colorado (Spring Types), Idaho (Winter Types w/o Winter Coverage Endorsement & Spring Types), Maine, Michigan, Minnesota, Montana, Nevada, North Dakota, Oregon (Winter Types w/o Winter Coverage Endorsement & Spring Types), South Dakota, Utah, Vermont, Washington (Winter Types w/o Winter Coverage Endorsement & Spring Types), Wisconsin, and Wyoming | CBOT | September Corn | $11.98 per bushel |
| Canola August 31 Sales Closing Date Idaho (Fall Type(s)), Oregon (Fall Type(s)), and Washington (Fall Type(s)) | ICE | November Canola | $0.295 per pound |
| Canola – Rapeseed Type* August 31 Sales Closing Date Idaho (Fall Type(s)), Oregon (Fall Type(s)), and Washington (Fall Type(s)) * Harvest Price is set equal to Projected Price. | ICE | November Canola | $0.335 per pound |
| Corn January 31 Sales Closing Date Texas | CBOT | September Corn | $6.32 per bushel |
| Corn – Organic Practice January 31 Sales Closing Date Texas | CBOT | September Corn | $12.55 per bushel |
| Corn February 28 Sales Closing Date Alabama, Florida, Georgia, Louisiana, and South Carolina | CBOT | September Corn | $6.32 per bushel |
| Corn – Organic Practice February 28 Sales Closing Date Alabama, Florida, Georgia, Louisiana, and South Carolina | CBOT | September Corn | $12.55 per bushel |
| Grain Sorghum January 31 Sales Closing Date Texas | CBOT | September Corn | $6.29 per bushel |
| Grain Sorghum – Organic Practice January 31 Sales Closing Date Texas | CBOT | September Corn | $13.16 per bushel |
| Grain Sorghum February 28 Sales Closing Date Alabama, Florida, Georgia, and South Carolina | CBOT | December Corn | $6.28 per bushel |
| Grain Sorghum – Organic Practice February 28 Sales Closing Date Alabama, Florida, Georgia, and South Carolina | CBOT | December Corn | $13.14 per bushel |
| Popcorn March 15 Sales Closing Date Alabama | CBOT | September Corn | $0.2718 per pound |
| Popcorn – Organic Practice March 15 Sales Closing Date Alabama | CBOT | September Corn | $0.3912 per pound |
| Rice – Long Grain Type January 31 Sales Closing Date Texas | CBOT | September Rice | $0.171 per pound |
| Rice – Long Grain Type; Organic Practice January 31 Sales Closing Date Texas | CBOT | September Rice | $0.229 per pound |
| Rice – Medium & Short Grain Types January 31 Sales Closing Date Texas | CBOT | September Rice | $0.224 per pound |
| Rice – Medium & Short Grain Types; Organic Practice January 31 Sales Closing Date Texas | CBOT | September Rice | $0.299 per pound |
| Rice – Long Grain Type February 28 Sales Closing Date Louisiana | CBOT | September Rice | $0.171 per pound |
| Rice – Long Grain Type; Organic Practice February 28 Sales Closing Date Louisiana | CBOT | September Rice | $0.229 per pound |
| Rice – Medium & Short Grain Types February 28 Sales Closing Date Louisiana | CBOT | September Rice | $0.241 per pound |
| Rice – Medium & Short Grain Types; Organic Practice February 28 Sales Closing Date Louisiana | CBOT | September Rice | $0.323 per pound |
| Wheat September 30 Sales Closing Date Wisconsin (Winter) | CBOT | September SRW Wheat | $7.84 per bushel |
| Wheat – Organic Practice September 30 Sales Closing Date Wisconsin (Winter) | CBOT | September SRW Wheat | $15.92 per bushel |
| Wheat September 30 Sales Closing Date Montana (Winter) and Wyoming (Winter) | KCBT | September HRW Wheat | $8.70 per bushel |
| Wheat – Organic Practice September 30 Sales Closing Date Montana (Winter) and Wyoming (Winter) | KCBT | September HRW Wheat | $17.67 per bushel |
| Wheat – Organic Practice September 30 Sales Closing Date Montana (Winter) and Wyoming (Winter) | KCBT | September HRW Wheat | $17.67 per bushel |
| Wheat September 30 Sales Closing Date California (Spring), Colorado (Spring), Idaho (Spring), Iowa (Spring), Montana (Spring & Khorasan), Nebraska (Spring), Oregon (Spring), South Dakota (Spring), Washington (Spring), Wisconsin (Spring), and Wyoming (Spring) | MGE | September HRS Wheat | $8.95 per bushel |
| Wheat – Organic Practice September 30 Sales Closing Date California (Spring), Colorado (Spring), Idaho (Spring), Iowa (Spring), Montana (Spring & Khorasan), Nebraska (Spring), Oregon (Spring), South Dakota (Spring), Washington (Spring), Wisconsin (Spring), and Wyoming (Spring) | MGE | September HRS Wheat | $18.18 per bushel |
| Wheat October 31 Sales Closing Date Nevada (Spring) and Utah (Spring) | MGE | September HRS Wheat | $8.95 per bushel |
| Wheat – Organic Practice October 31 Sales Closing Date Nevada (Spring) and Utah (Spring) | MGE | September HRS Wheat | $18.18 per bushel |
| Wheat March 15 Sales Closing Date Alaska, California (Spring), Colorado (Spring), Iowa (Spring), Maine, Minnesota, Montana (Spring & Khorasan), Nebraska (Spring), North Dakota (Spring & Khorasan), Oregon [Klamath County] (Spring), South Dakota (Spring), Vermont, Wisconsin (Spring), and Wyoming (Spring) | MGE | September HRS Wheat | $8.95 per bushel |
| Wheat – Organic Practice March 15 Sales Closing Date Alaska, California (Spring), Colorado (Spring), Iowa (Spring), Maine, Minnesota, Montana (Spring & Khorasan), Nebraska (Spring), North Dakota (Spring & Khorasan), Oregon [Klamath County] (Spring), South Dakota (Spring), Vermont, Wisconsin (Spring), and Wyoming (Spring) | MGE | September HRS Wheat | $18.18 per bushel |
| Wheat – Durum Type March 15 Sales Closing Date Montana (Durum), North Dakota (Durum), and South Dakota (Durum) | MGE | September HRS Wheat | $9.19 per bushel |
| Wheat – Durum Type; Organic Practice March 15 Sales Closing Date Montana (Durum), North Dakota (Durum), and South Dakota (Durum) | MGE | September HRS Wheat | $18.67 per bushel |
| Wheat September 30 Sales Closing Date California (Winter), Idaho (Winter), Oregon (Winter), and Washington (Winter) | AMS2 | August Cash SW Wheat | $8.84 per bushel |
| Wheat – Organic Practice September 30 Sales Closing Date California (Winter), Idaho (Winter), Oregon (Winter), and Washington (Winter) | AMS2 | August Cash SW Wheat | $17.95 per bushel |
| Wheat October 31 Sales Closing Date Nevada (Winter) and Utah (Winter) | AMS2 | August Cash SW Wheat | $8.84 per bushel |
| Wheat – Organic Practice October 31 Sales Closing Date Nevada (Winter) and Utah (Winter) | AMS2 | August Cash SW Wheat | $17.95 per bushel |
| 1 Harvest Prices are applicable for the Enhanced Coverage Option (ECO) and the Supplemental Coverage Option (SCO). 2 The USDA’s Agricultural Marketing Service (AMS) reports soft white wheat cash prices in its “Portland Daily Grain Bids” report. | |||
Malting Barley Endorsement
The Malting Barley Endorsement (MBE) utilizes a Chicago Board of Trade (CBOT) soft red winter wheat price component to derive the 2022 CY harvest price for any insured whose malt barley contract provides for a premium amount above or below a base price to be determined, and in which the base price is not determined by the acreage reporting date. Please see the MBE for details: Malting Barley Endorsement (usda.gov)
| Malting Barley Type | Exchange | Contract | Harvest Price |
| Winter Planted Type | CBOT | September SRW Wheat | $7.84 per bushel |
| Spring Planted Type | CBOT | September SRW Wheat | $7.84 per bushel |
Margin Protection Plan
The following 2022 CY margin harvest prices are approved for the Margin Protection Plan of insurance. 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. Please see the following web page on RMA’s public website for program details: Margin Protection for Corn, Rice, Soybeans, and Wheat | RMA (usda.gov)
| Crop/Sales Closing Date/State/Type | Exchange | Contract | Harvest Price |
| Rice – Long Grain Types January 31 Sales Closing Date Texas | CBOT | September Rice | $0.171 per pound |
| Rice – Medium & Short Grain Types January 31 Sales Closing Date Texas | CBOT | September Rice | $0.224 per pound |
| Rice – Long Grain Types February 28 Sales Closing Date Louisiana | CBOT | September Rice | $0.171 per pound |
| Rice – Medium & Short Grain Types February 28 Sales Closing Date Louisiana | CBOT | September Rice | $0.241 per pound |
| Wheat September 30 Sales Closing Date All Locations | MGE | September HRS Wheat | $8.95 per bushel |