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 Deputy Administrator /s/ Rodger M. Matthews, for
Subject
2016 Crop Year (CY) Common Crop Insurance Policy Projected Prices and Volatility Factors
Common Crop Insurance Policy 1
The 2016 CY projected prices shown below are approved for the Yield Protection, Revenue Protection and Revenue Protection with Harvest Price Exclusion plans of insurance. The 2016 CY volatility factors shown below are approved for the Revenue Protection and Revenue Protection with Harvest Price Exclusion plans of insurance. The projected prices and volatility factors apply to policies with a January 31 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 | September Corn | $3.78/bu. | 0.18 |
| Corn - Organic Practice Texas | CBOT | September Corn | $8.25/bu. | 0.18 |
| Cotton Texas | ICE | December Cotton | $0.64/bu. | 0.14 |
| Cotton - Organic Practice Texas | ICE | December Cotton | $1.24/bu. | 0.14 |
| Grain Sorghum Texas | CBOT | September Corn | $3.65/bu. | 0.18 |
| Grain Sorghum - Organic Practice Texas | CBOT | September Corn | $5.57/bu. | 0.18 |
| Peanuts - Runner Type Texas | CBOT/ICE | December Wheat, Cotton, Soybean Oil $ Soybean Meal | $0.2085/bu. | 0.09 |
| Peanuts - Spanish Type Texas | CBOT/ICE | December Wheat, Cotton, Soybean Oil & Soybean Meal | $0.2939/bu. | 0.09 |
| Rice - Long Grain Type & No Type Specified Texas | CBOT | September Rice | $0.120/bu. | 0.14 |
| Rice - Medium & Short Grain Types Texas | CBOT | September Rice | $0.136/bu. | 0.14 |
| Rice - Long Grain & No type Specified; Organic Practice Texas | CBOT | September Rice | $0.161/bu. | 0.14 |
| Rice - Medium & Short Grain Texas | CBOT | September Rice | $0.182/lb. | 0.14 |
| Sunflowers - Oil Type Texas | CBOT | July Soybean Oil | $0.164/lb. | 0.12 |
| Sunflowers - Oil Type; Organic Practice Texas | CBOT | July Soybean Oil | $0.230/lb. | 0.12 |
| Sunflowers - Confectionary Type All Practices Texas | CBOT | July Soybean Oil | $0.260/lb. | 0.12 |
1 Projected Prices and Volatility Factors are applicable for Stacked Income Protection (STAX) and the Supplemental Coverage Option (SCO). | ||||
Disposal Date
December 31, 2016