Skip to main content

Policy & Procedure

Product Management Bulletin-PM-18-049

View PDF
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
Subject
2018 Crop Year (CY) Common Crop Insurance Policy, Area Risk Protection Insurance and Margin Protection Plan Harvest Prices Announcement

Common Crop Insurance Policy and Area Risk Protection Insurance1

The 2018 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, sales closing dates, states, types, and practices indicated in the following table.

Crop/Sales Closing Date/ State/Type/PracticeExchangeContractHarvest Price

Barley
March 15 Sales Closing Date
Alaska

CBOTDecember Corn$4.59/bushel

Barley – Organic Practice
March 15 Sales Closing Date
Alaska

CBOTDecember Corn$9.80/bushel

Canola
August 31 Sales Closing Date
Idaho (Spring Type(s)), Oregon (Spring Type(s)) & Washington (Spring Type(s))

ICENovember Canola$0.172/pound

Canola – Rapeseed Type*
August 31 Sales Closing Date
Idaho (Spring Type(s)), Oregon (Spring Type(s)) & Washington (Spring Type(s))
*Harvest Price is set equal to Projected Price.

ICENovember Canola$0.264/pound

Canola
March 15 Sales Closing Date
Idaho (Spring Type(s)), Minnesota, Montana, North Dakota, Oregon (Spring Type(s)) & Washington (Spring Type(s))

ICE November Canola$0.172/pound

Canola – Rapeseed Type*
March 15 Sales Closing Date
Idaho (Spring Type), Montana, North Dakota, Oregon (Spring Type(s)) & Washington (Spring Type(s))
*Harvest Price is set equal to Projected Price.

ICENovember Canola$0.264/pound

Corn
February 15 Sales Closing Date
Texas

CBOTDecember Corn$3.58/bushel

Corn – Organic Practice
February 15 Sales Closing Date
Texas

CBOT December Corn$8.20/bushel

Corn
February 28 Sales Closing Date
North Carolina

CBOTDecember Corn$3.58/bushel

Corn – Organic Practice
February 28 Sales Closing Date
North Carolina

CBOTDecember Corn$8.20/bushel

Corn
March 15 Sales Closing Date
Oklahoma & Texas

CBOTDecember Corn$3.58/bushel

Corn – Organic Practice
March 15 Sales Closing Date
Oklahoma & Texas

CBOTDecember Corn$8.20/bushel

Cotton
January 31 Sales Closing Date
Texas

ICEDecember Cotton$0.80/pound

Cotton – Organic Practice3
January 31 Sales Closing Date
Texas

ICE December Cotton$1.20/pound

Grain Sorghum
February 15 Sales Closing Date
Texas

CBOTDecember Corn$3.46/bushel

Grain Sorghum – Organic Practice
February 15 Sales Closing Date
Texas

CBOTDecember Corn$7.47/bushel

Grain Sorghum
February 28 Sales Closing Date
Arkansas, Louisiana & Mississippi 

CBOTDecember Corn$3.46/bushel

Grain Sorghum – Organic Practice
February 28 Sales Closing Date
Arkansas, Louisiana & Mississippi 

CBOTDecember Corn$7.47/bushel

Grain Sorghum
March 15 Sales Closing Date
Texas

CBOTDecember Corn$3.46/bushel

Grain Sorghum – Organic Practice
March 15 Sales Closing Date
Texas

CBOTDecember Corn$7.47/bushel

Rice - Long Grain Type
February 15 Sales Closing Date
Florida

CBOTNovember Rice$0.103/pound

Rice - Long Grain Type Organic Practice 
February 15 Sales Closing Date
Florida

CBOTNovember Rice$0.138/pound

Rice - Medium & Short Grain Types
February 15 Sales Closing Date
Florida

CBOT November Rice$0.113/pound

Rice - Medium & Short Grain Types Organic Practice
February 15 Sales Closing Date
Florida

CBOTNovember Rice$0.151/pound

Rice - Long Grain Type
February 28 Sales Closing Date
Arkansas, Mississippi & Texas

CBOT November Rice$0.103/pound

Rice - Long Grain Type Organic Practice
February 28 Sales Closing Date
Arkansas, Mississippi & Texas

CBOT November Rice$0.138/pound

Rice - Medium & Short Grain Types
February 28 Sales Closing Date
Arkansas, Mississippi & Texas

CBOT November Rice$0.113/pound

Rice - Medium & Short Grain Types Organic Practice
February 28 Sales Closing Date
Arkansas, Mississippi & Texas

CBOT November Rice $0.151/pound

Soybeans
January 31 Sales Closing Date
Texas

CBOTNovember Soybeans$8.39/bushel

Soybeans – Organic Practice
January 31 Sales Closing Date
Texas

Coverage is not available for the 2018 CY.

1Harvest Prices are applicable for the Supplemental Coverage Option (SCO).
2Harvest Prices are applicable for Stacked Income Protection (STAX) cotton policies.
3For the 2018 CY, organic coverage is not available for all counties covered by the January 31 sales closing date.

Margin Protection Plan

The following 2018 CY margin harvest prices are approved for the Margin Protection Plan. Margin harvest prices are used in conjunction with harvest input prices and final county yields to derive the harvest margin. Please see the following web page on RMA’s public website for program details:

www.rma.usda.gov/policy-procedure/general-policies/margin-protection

Crop/State/TypeExchangeContractMargin Harvest Price
Rice - Long Grain Type & No Type Specified
February 28 Sales Closing Date
Arkansas, Mississippi & Texas		CBOTNovember Rice$0.103/pound
 
Rice - Medium & Short Grain Types
February 28 Sales Closing Date
Arkansas, Mississippi & Texas		CBOTNovember Rice$0.113/pound

DISPOSAL DATE
December 31, 2018