All Risk Management Agency Field Offices
All Other Interested Parties
Common Crop Insurance Policy & Area Risk Protection Insurance 1,2,3
The 2018 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 with the Harvest Price Exclusion. The 2018 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 with the Harvest Price Exclusion. 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 | $3.82/bushel | 0.14 |
| Corn - Organic Practice Alabama, Florida, Georgia, Louisiana & South Carolina | CBOT | September Corn | $8.75/bushel | 0.14 |
| Corn Arkansas & Mississippi | CBOT | December Corn | $3.91/bushel | 0.14 |
| Corn - Organic Practice Arkansas & Mississippi | CBOT | December Corn | $8.95/bushel | 0.14 |
| Corn North Carolina | CBOT | December Corn | $3.91/bushel | 0.14 |
| Corn - Organic Practice North Carolina | CBOT | December Corn | $8.95/bushel | 0.14 |
| Corn Arizona, California & Nevada | CBOT | December Corn | $3.91/bushel | 0.15 |
| Corn - Organic Practice Arizona, California & Nevada | CBOT | December Corn | $8.95/bushel | 0.15 |
| Cotton All States | ICE | December Cotton | $0.75/pound | 0.14 |
| Cotton – Organic Practice All States | ICE | December Cotton | $1.15/pound | 0.14 |
| Grain Sorghum Alabama, Florida, Georgia & South Carolina | CBOT | December Corn | $3.78/bushel | 0.13 |
| Grain Sorghum – Organic Practice Alabama, Florida, Georgia & South Carolina | CBOT | December Corn | $8.15/bushel | 0.13 |
| Grain Sorghum Arkansas, Louisiana & Mississippi | CBOT | December Corn | $3.78/bushel | 0.14 |
| Grain Sorghum – Organic Practice Arkansas, Louisiana & Mississippi | CBOT | December Corn | $8.15/bushel | 0.14 |
| Grain Sorghum Arizona, California & North Carolina | CBOT | December Corn | $3.78/bushel | 0.15 |
| Grain Sorghum – Organic Practice Arizona, California & North Carolina | CBOT | December Corn | $8.15/bushel | 0.15 |
| Peanuts – Runner Type Alabama, Arkansas, Florida, Georgia, Louisiana, Mississippi, North Carolina, South Carolina & Texas | CBOT/ ICE | December Wheat, Cotton, Soybean Oil & Soybean Meal | $0.1961/pound | 0.12 |
| Peanuts – Spanish Type Alabama, Arkansas, Florida, Georgia, Louisiana, Mississippi & Texas | CBOT/ ICE | December Wheat, Cotton, Soybean Oil & Soybean Meal | $0.2569/pound | 0.12 |
| Peanuts – Virginia Type Alabama, Florida, Georgia, Mississippi, North Carolina & South Carolina | CBOT/ ICE | December Wheat, Cotton, Soybean Oil & Soybean Meal | $0.2216/pound | 0.12 |
| Popcorn March 15 Sales Closing Date Alabama | CBOT | September Corn | $0.1643/pound | 0.14 |
| Popcorn – Organic Practice March 15 Sales Closing Date Alabama | CBOT | September Corn | $0.2365/pound | 0.14 |
| Rice – Long Grain Type3 Louisiana | CBOT | September Rice | $0.119/pound | 0.11 |
| Rice – Long Grain Type; Organic Practice Louisiana | CBOT | September Rice | $0.159/pound | 0.11 |
| Rice – Medium/Short Grain Types Louisiana | CBOT | September Rice | $0.131/pound | 0.11 |
| Rice – Medium/Short Grain Types; Organic Practice Louisiana | CBOT | September Rice | $0.175/pound | 0.11 |
| Rice – Long Grain Type3 Arkansas, Mississippi & Texas | CBOT | September2 Rice | $0.119/pound | 0.12 |
| Rice – Long Grain Type; Organic Practice Arkansas, Mississippi & Texas | CBOT | September2 Rice | $0.159/pound | 0.12 |
| Rice – Medium/Short Grain Types Arkansas, Mississippi & Texas | CBOT | September2 Rice | $0.131/pound | 0.12 |
| Rice – Medium/Short Grain Types; Organic Practice Arkansas, Mississippi & Texas | CBOT | September2 Rice | $0.175/pound | 0.12 |
| Rice – Long Grain Type California, Illinois, Missouri, Oklahoma & Tennessee | CBOT | September2 Rice | $0.119/pound | 0.13 |
| Rice – Long Grain Type; Organic Practice California, Illinois, Missouri, Oklahoma & Tennessee | CBOT | September2 Rice | $0.159/pound | 0.13 |
1 Projected Prices and Volatility Factors are applicable for the Supplemental Coverage Option (SCO) and Stacked Income Protection (STAX - cotton only).
2 In accordance with the Commodity Exchange Price Provisions (CEPP), the CBOT September rice contract is used to derive the projected rice prices since the November contract lacks sufficient volume and open interest activity. See the relevant CEPP document for details: www.rma.usda.gov/policies/2016/16cepp.pdf
3 The long grain projected price (conventional practice) is used as the price election under the terms of the Hybrid Seed Rice Crop Provisions: www.rma.usda.gov/policies/2016/16-0080.pdf
Common Crop Insurance Policy & Area Risk Protection Insurance 1,2
| Crop/Type/Practice/State | Exchange | Contract | Projected Price | Volatility Factor |
|---|---|---|---|---|
| Rice – Medium/Short Grain Types California | CBOT | September2 Rice | $0.173/pound | 0.13 |
| Rice – Medium/Short Grain Types; Organic Practice California | CBOT | September2 Rice | $0.231/pound | 0.13 |
| Rice – Medium/Short Grain Types Illinois, Missouri, Oklahoma & Tennessee | CBOT | September2 Rice | $0.131/pound | 0.13 |
| Rice – Medium/Short Grain Types; Organic Practice Illinois, Missouri, Oklahoma & Tennessee | CBOT | September2 Rice | $0.175/pound | 0.13 |
| Soybeans Arkansas, Louisiana, Mississippi & Texas | CBOT | November Soybeans | $10.04/bushel | 0.13 |
| Soybeans - Organic Practice Arkansas, Louisiana, Mississippi & Texas | CBOT | November Soybeans | $20.25/bushel | 0.13 |
| Soybeans Alabama, Florida, Georgia, North Carolina & South Carolina | CBOT | January (2019) Soybeans | $10.09/bushel | 0.13 |
| Soybeans - Organic Practice Alabama, Florida, Georgia, North Carolina & South Carolina | CBOT | January (2019) Soybeans | $20.35/bushel | 0.13 |
1 Projected Prices and Volatility Factors are applicable the Supplemental Coverage Option (SCO).
2 In accordance with the Commodity Exchange Price Provisions (CEPP), the CBOT September rice contract is used to derive the projected rice prices since the November contract lacks sufficient volume and open interest activity. See the relevant CEPP document for details: www.rma.usda.gov/policies/2016/16cepp.pdf
Margin Protection Plan
The following 2018 CY margin projected prices and volatility factors are approved for the Margin Protection Plan. The margin projected price is used in conjunction with projected input prices and the expected county yield to derive the expected margin (per acre), trigger margin (per acre) and liability. The expected margins for each crop/county are available on RMA’s Actuarial Information Browser. Please see the Margin Protection policies page on RMA’s public website for more information.
| Crop/Type | Exchange | Contract | Margin Projected Price | Volatility Factor |
|---|---|---|---|---|
| Rice – Long Grain Type & No Type Specified Louisiana | CBOT | September Rice | $0.119/pound | 0.11 |
| Rice – Medium & Short Grain Types Louisiana | CBOT | September Rice | $0.131/pound | 0.11 |
| Rice – Long Grain Type & No Type Specified Arkansas, Mississippi & Texas | CBOT | September1 Rice | $0.119/pound | 0.12 |
| Rice – Medium & Short Grain Types Arkansas, Mississippi & Texas | CBOT | September1 Rice | $0.131/pound | 0.12 |
| Rice – Long Grain Type & No Type Specified California & Missouri | CBOT | September1 Rice | $0.119/pound | 0.13 |
| Rice – Medium & Short Grain Types California | CBOT | September1 Rice | $0.173/pound | 0.13 |
| Rice – Medium & Short Grain Types Missouri | CBOT | September1 Rice | $0.131/pound | 0.13 |
1 In accordance with the Margin Price Provisions (MPP), the CBOT September rice contract is used to derive the projected rice prices since the November contract lacks sufficient volume and open interest activity. See the relevant MPP document for details: www.rma.usda.gov/policies/2018/18mpp_sectionI.pdf
DISPOSAL DATE
December 31, 2018