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 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