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Product Management Bulletin-PM-17-067

Date
To
All Approved Insurance Providers
All Risk Management Agency Field Offices
All Other Interested Parties
From
Richard H. Flournoy Deputy Administrator /s/ Richard H. Flournoy 12/1/2017
Subject
2017 Crop Year (CY) Common Crop Insurance Policy and Area Risk Protection Insurance Harvest Prices Announcement

Common Crop Insurance Policy & Area Risk Protection Insurance 1,2

The 2017 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 crops, practices, sales closing dates and states indicated in the following table.

Crop/Practice/Sales Closing Date/StateExchangeContractHarvest Price
Corn March 15 Sales Closing Date Idaho, Michigan, Oregon & WashingtonCBOTDecember Corn$3.43/bushel
Corn - Organic Practice March 15 Sales Closing Date Idaho, Michigan, Oregon & WashingtonCBOTDecember Corn$7.85/bushel
Cotton March 15 Sales Closing Date Kansas, New Mexico & OklahomaICEDecember Cotton$0.70/pound
Cotton - Organic Practice March 15 Sales Closing Date Kansas, New Mexico & OklahomaICEDecember Cotton$1.10/pound
Popcorn March 15 Sales Closing Date MichiganCBOTDecember Corn$0.1475/Pound
Popcorn - Organic Practice March 15 Sales Closing Date MichiganCBOTDecember Corn$0.2123/Pound
Soybeans February 28 Sales Closing Date Alabama, Florida, Georgia, North Carolina & South CarolinaCBOTJanuary (2018) Soybeans$9.88/Bushel
Soybeans - Organic Practice February 28 Sales Closing Date Alabama, Florida, Georgia, North Carolina & South CarolinaCBOTJanuary (2018) Soybeans$19.90/Bushel
Soybeans March 15 Sales Closing Date Delaware, Maryland, Oklahoma, Virginia & West VirginiaCBOTJanuary (2018) Soybeans$9.88/Bushel
Soybeans - Organic Practice March 15 Sales Closing Date Delaware, Maryland, Oklahoma, Virginia & West VirginiaCBOTJanuary (2018) Soybeans$19.90/Bushel
1 Harvest Prices are applicable for the Supplemental Coverage Option (SCO).
2 Harvest Prices are applicable for Stacked Income Protection (STAX) cotton policies.

DISPOSAL DATE
December 31, 2017