All Risk Management Agency Field Offices
All Other Interested Parties
Common Crop Insurance Policy & Area Risk Protection Insurance 1
The 2015 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 2015 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 15 sales closing date and are applicable for the crops, types, practices and states indicated below:
| Crop/Type/Practice/State | Exchange | Contract | Projected Price | Volatility Factor |
|---|---|---|---|---|
| Corn Texas | CBOT | December Corn | $4.15/bu. | 0.19 |
| Corn – Organic Practice Texas | CBOT | December Corn | $7.81/bu. | 0.19 |
| Grain Sorghum Texas | CBOT | December Corn | $3.99/bu. | 0.19 |
| Grain Sorghum – Organic Practice Texas | CBOT | December Corn | $6.11/bu. | 0.19 |
| Rice – Long Grain Type Florida | CBOT | November Rice* | $0.114/lb.* | 0.00* |
| Rice – Medium & Short Grain Types Florida | CBOT | November Rice* | $0.129/lb.* | 0.00* |
1 Projected Prices and Volatility Factors are applicable for the Supplemental Coverage Option (SCO).
* Revenue protection coverage is not offered for rice counties with a February 1 sales closing date due to an insufficient number of full active trading days, as stipulated in the Commodity Exchange Price Provisions (CEPP) – Section 1 (www.rma.usda.gov/policy-procedure/crop-policies/commodity-exchange-price-provisions-section-general-information-14.pdf). Yield protection coverage is still available; revenue protection coverage plans of insurance have volatility set equal to zero and the harvest price set equal to the projected price. The projected price equals the average daily settlement price for the CBOT 2015 November rice contract during the month of January 2015.
DISPOSAL DATE
December 31, 2015