Barley and Wheat Prices Available
SPOKANE, Wash., Sept. 21, 2015 — USDA’s Risk Management Agency (RMA) today announced the 2016 projected prices for winter and spring wheat, and winter barley for Idaho, Oregon, and Washington. These prices are critical for producers evaluating their crop insurance coverage options.
RMA also reminds producers of the Sept. 30 deadline for purchasing crop insurance for fall-planted barley with winter coverage and all wheat in Idaho, Oregon, and Washington. Producers need to buy, review, or modify their crop insurance policies before the sales closing date has passed. Crop insurance provides protection against crop production losses due to natural perils such as drought, hail, and excessive moisture.
| Crop | Type | Projected Price | Volatility Factor |
| Barley (Alaska) |
All Spring |
TBD approx. 3/1/16 |
|
| Barley |
Winter (with winter coverage and without winter coverage) |
$3.43/bu. |
0.24 |
| Barley |
Winter Organic Practice |
$6.28 |
0.24 |
| Malting Barley |
Fall Planted Type |
$5.13 bu. | 0.25 |
| Barley |
All Spring |
TBD approx. 3/1/16 |
|
| Wheat (Alaska) |
Spring | TBD approx. 3/1/16 | |
| Wheat |
Winter | $5.63 bu. | 0.25 |
| Wheat |
Winter Organic Practice | $10.39 bu. |
0.25 |
| Wheat |
Spring | $5.61/bu. | 0.23 |
| Wheat |
Spring Organic Practice | $10.36 |
0.23 |
| Wheat (Klamath) |
Spring | TBD approx. 3/1/16 |
|
| A list of crop insurance agents is available at all USDA Service Centers and online at the RMA Agent Locator. Growers can use the RMA Cost Estimator to get a premium amount estimate of their insurance needs online. Learn more about crop insurance and the modern farm safety net at www.rma.usda.gov. |
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Risk Management Agency:
11707 E Sprague Ave, Suite 304
Spokane, WA 99206-6125
Ben Thiel, Director
Contact:
FPAC Press Desk
FPAC.BC.Press@usda.gov