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
Thomas W. Worth, Acting Deputy Administrator
Subject
2016 Crop Year (CY) Common Crop Insurance Policy Harvest Prices and 2017 CY Common Crop Insurance Policy and Area Risk Protection Insurance Projected Prices and Volatility Factors
Common Crop Insurance Policy & Area Risk Protection Insurance 1
Common Crop Insurance Policy & Area Risk Protection Insurance 1
DISPOSAL DATE
December 31, 2016
The 2016 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 - Harvest Price Exclusion. The harvest prices are applicable for the crop, sales closing date, states and practices indicated in the following table.
| Crop/Sales Closing Date/ State/Practice | Exchange | Contract | Harvest Price |
| Corn February 28 Sales Closing Date Arkansas & Mississippi | CBOT | December Corn | $3.33bushel |
| Corn - Organic Practice February 28 Sales Closing Date Arkansas & Mississippi | CBOT | December Corn | $7.27/bushel |
| 1 Harvest Prices are applicable for the Supplemental Coverage Option (SCO). | |||
The 2017 CY projected prices shown below are approved for the following plans of insurance: Yield Protection, Area Yield Protection, Revenue Protection, Area Revenue Protection, Revenue Protection with Harvest Price Exclusion and Area Revenue Protection - Harvest Price Exclusion. The 2017 CY volatility factors 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 - Harvest Price Exclusion. The projected prices and volatility factors are applicable for the crops, sales closing dates, states, types and practices indicated in the following table.
| Crop/Sales Closing Date/ State/Type/Practice | Exchange | Contract | Projected Price | Volatility Factor |
| Barley September 30 Sales Closing Date Colorado (Winter types), Delaware, Georgia, Illinois, Indiana, Kansas (Winter type), Kentucky, Maryland, Missouri, New Jersey, New Mexico, North Carolina, Ohio, Oklahoma, South Carolina, Tennessee, Texas & Virginia | CBOT | July Corn | $3.12/bushel | 0.19 |
| Barley – Organic Practice September 30 Sales Closing Date Colorado (Winter types), Delaware, Georgia, Illinois, Indiana, Kansas (Winter type), Kentucky, Maryland, Missouri, New Jersey, New Mexico, North Carolina, Ohio, Oklahoma, South Carolina, Tennessee, Texas & Virginia | CBOT | July Corn | $6.66/bushel | 0.19 |
| Barley September 30 Sales Closing Date New York (Winter type), Pennsylvania (Winter type) & West Virginia | CBOT | September Corn | $3.18/bushel | 0.20 |
| Barley – Organic Practice September 30 Sales Closing Date New York (Winter type), Pennsylvania (Winter type) & West Virginia | CBOT | September Corn | $6.79/bushel | 0.20 |
| Barley September 30 Sales Closing Date Idaho (Winter types), Oregon (Winter types) & Washington (Winter types) | CBOT | September Corn | $3.18/bushel | 0.21 |
| Barley – Organic Practice September 30 Sales Closing Date Idaho (Winter types), Oregon (Winter types) & Washington (Winter types) | CBOT | September Corn | $6.79/bushel | 0.21 |
| Barley March 15 Sales Closing Date Idaho (Winter types w/o Winter Coverage Endorsement), Oregon (Winter types w/o Winter Coverage Endorsement) & Washington (Winter types w/o Winter Coverage Endorsement) | CBOT | September Corn | $3.18/bushel | 0.21 |
| Barley – Organic Practice March 15 Sales Closing Date Idaho (Winter types w/o Winter Coverage Endorsement), Oregon (Winter types w/o Winter Coverage Endorsement) & Washington (Winter types w/o Winter Coverage Endorsement) | CBOT | September Corn | $6.79/bushel | 0.21 |
| Canola - Canola Type September 30 Sales Closing Date Alabama, Georgia, Illinois, Indiana, Kentucky, North Carolina, South Carolina, Tennessee and Virginia | ICE | July Canola | $0.170/pound | 0.14 |
| Canola - Rapeseed Type September 30 Sales Closing Date Alabama, Georgia, Illinois, Indiana, Kentucky, North Carolina, South Carolina, Tennessee & Virginia | ICE | July Canola | $0.229/pound | 0.00 |
| Wheat September 30 Sales Closing Date Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina & Tennessee | CBOT | July SRW Wheat | $4.59/bushel | 0.19 |
| Wheat – Organic Practice September 30 Sales Closing Date Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina & Tennessee | CBOT | July SRW Wheat | $9.57/bushel | 0.19 |
| Wheat September 30 Sales Closing Date Delaware, Illinois, Indiana, Iowa (Winter), Maryland, Michigan, Missouri, New Jersey, New York, Ohio, Pennsylvania, Virginia & West Virginia | CBOT | September SRW Wheat | $4.74/bushel | 0.20 |
| Wheat – Organic Practice September 30 Sales Closing Date Delaware, Illinois, Indiana, Iowa (Winter), Maryland, Michigan, Missouri, New Jersey, New York, Ohio, Pennsylvania, Virginia & West Virginia | CBOT | September SRW Wheat | $9.88/bushel | 0.20 |
| Wheat September 30 Sales Closing Date Wisconsin (Winter) | CBOT | September SRW Wheat | $4.74/bushel | 0.21 |
| Wheat – Organic Practice September 30 Sales Closing Date Wisconsin (Winter) | CBOT | September SRW Wheat | $9.88/bushel | 0.21 |
| Wheat September 30 Sales Closing Date Kansas, New Mexico (Winter & Spring), Oklahoma & Texas (Winter & Spring) | KCBT | July HRW Wheat | $4.59/bushel | 0.18 |
| Wheat – Organic Practice September 30 Sales Closing Date Kansas, New Mexico (Winter & Spring), Oklahoma & Texas (Winter & Spring) | KCBT | July HRW Wheat | $9.57/bushel | 0.18 |
| Wheat September 30 Sales Closing Date Colorado (Winter), Nebraska (Winter) & South Dakota (Winter) | KCBT | September HRW Wheat | $4.74/bushel | 0.18 |
| Wheat – Organic Practice September 30 Sales Closing Date Colorado (Winter), Nebraska (Winter) & South Dakota (Winter) | KCBT | September HRW Wheat | $9.88/bushel | 0.18 |
| Wheat September 30 Sales Closing Date Montana (Winter) & Wyoming (Winter) | KCBT | September HRW Wheat | $4.74/bushel | 0.19 |
| Wheat – Organic Practice September 30 Sales Closing Date Montana (Winter) & Wyoming (Winter) | KCBT | September HRW Wheat | $9.88/bushel | 0.19 |
| Wheat September 30 Sales Closing Date California (Winter), Idaho (Winter), Oregon (Winter) & Washington (Winter) | CBOT | September SRW Wheat with PME Adjustment | $5.45/bushel | 0.21 |
| Wheat – Organic Practice September 30 Sales Closing Date California (Winter), Idaho (Winter), Oregon (Winter) & Washington (Winter) | CBOT | September SRW Wheat with PME Adjustment | $11.36/bushel | 0.21 |
| Wheat September 30 Sales Closing Date Idaho (Spring), Oregon (Spring)* & Washington (Spring) * The 2017 CY projected price for Klamath County, Oregon – Spring type will be derived at a later date, using a February 2017 projected price discovery period. | MGE | September HRS Wheat | $5.40/bushel | 0.20 |
| Wheat – Organic Practice September 30 Sales Closing Date Idaho (Spring), Oregon (Spring)* & Washington (Spring) * The 2017 CY projected price for Klamath County, Oregon – Spring type will be derived at a later date, using a February 2017 projected price discovery period. | MGE | September HRS Wheat | $11.26/bushel | 0.20 |
| Wheat October 31 Sales Closing Date Nevada (Winter) & Utah (Winter) | CBOT | September SRW Wheat with PME Adjustment | $5.45/bushel | 0.21 |
| Wheat – Organic Practice October 31 Sales Closing Date Nevada (Winter) & Utah (Winter) | CBOT | September SRW Wheat with PME Adjustment | $11.36/bushel | 0.21 |
| Wheat October 31 Sales Closing Date Nevada (Spring) & Utah (Spring) | MGE | September HRS Wheat | $5.40/bushel | 0.20 |
| Wheat – Organic Practice October 31 Sales Closing Date Nevada (Spring) & Utah (Spring) | MGE | September HRS Wheat | $11.26/bushel | 0.20 |
| Wheat – Durum Type September 30 Sales Closing Date New Mexico | MGE | July HRS Wheat | $5.97/bushel | 0.16 |
| Wheat – Durum Type Organic Practice September 30 Sales Closing Date New Mexico | MGE | July HRS Wheat | $12.44/bushel | 0.16 |
| 1 Projected Prices are applicable for the Supplemental Coverage Option (SCO). | ||||