All Risk Management Agency Field Offices
All Other Interested Parties
Common Crop Insurance Policy1
The 2019 CY harvest prices shown below are approved for the following plans of insurance: Revenue Protection and Revenue Protection with 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/ | Exchange | Contract | Harvest Price |
---|---|---|---|
Corn | CBOT | December Corn | $3.66/bushel |
Corn - Organic Practice | CBOT | December Corn | $8.43/bushel |
1 Harvest Prices are applicable for the Supplemental Coverage Option (SCO). |
Common Crop Insurance Policy and Area Risk Protection Insurance 1
The 2020 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 2020 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/ | Exchange | Contract | Projected Price | Volatility Factor |
---|---|---|---|---|
Barley | CBOT | July | $3.22/bushel | 0.15 |
Barley – Organic Practice | CBOT | July | $6.88/bushel | 0.15 |
Barley | CBOT | September | $3.24/bushel | 0.15 |
Barley – Organic Practice | CBOT | September | $6.93/bushel | 0.15 |
Barley | CBOT | September | $3.24/bushel | 0.16 |
Barley – Organic Practice | CBOT | September | $6.93/bushel | 0.16 |
Barley | CBOT | September | $3.24/bushel | 0.16 |
Barley – Organic Practice | CBOT | September | $6.93/bushel | 0.16 |
Canola - Canola Type | ICE | July | $0.162/pound | 0.10 |
Canola - Rapeseed Type | ICE | July | $0.214/pound | 0.00 |
Wheat | CBOT | July | $4.86/bushel | 0.16 |
Wheat – Organic Practice | CBOT | July | $10.65/bushel | 0.16 |
Wheat | CBOT | September | $4.94/bushel | 0.17 |
Wheat – Organic Practice | CBOT | September | $10.83/bushel | 0.17 |
Wheat | CBOT | September | $4.94/bushel | 0.18 |
Wheat – Organic Practice | CBOT | September | $10.83/bushel | 0.18 |
Wheat | KCBT | July | $4.35/bushel | 0.17 |
Wheat – Organic Practice | KCBT | July | $9.54/bushel | 0.17 |
Wheat | KCBT | September | $4.48/bushel | 0.17 |
Wheat – Organic Practice | KCBT | September | $9.82/bushel | 0.17 |
Wheat | KCBT | September | $4.48/bushel | 0.18 |
Wheat – Organic Practice | KCBT | September | $9.82/bushel | 0.18 |
Wheat | CBOT | September | $5.73/bushel | 0.18 |
Wheat – Organic Practice | CBOT | September | $12.56/bushel | 0.18 |
Wheat | MGE | September | $5.51/bushel | 0.14 |
Wheat – Organic Practice | MGE | September | $12.08/bushel | 0.14 |
Wheat | CBOT | September | $5.73/bushel | 0.18 |
Wheat – Organic Practice | CBOT | September | $12.56/bushel | 0.18 |
Wheat | MGE | September | $5.51/bushel | 0.14 |
Wheat – Organic Practice | MGE | September | $12.08/bushel | 0.14 |
Wheat – Durum Type | MGE | July | $6.29/bushel | 0.12 |
Wheat – Durum Type | MGE | July | $13.79/bushel | 0.12 |
1 Projected Prices are applicable for the Supplemental Coverage Option (SCO). |
Malting Barley Endorsement
The Malting Barley Endorsement (MBE) utilizes a Chicago Board of Trade (CBOT) soft red wheat price component to derive the 2020 CY projected price for any insured whose malt barley contract provides for a premium amount above or below a base price to be determined, and whose base price is not determined by the acreage reporting date. Please see the Malting Barley Endorsement for details.
Malt Barley Type | Exchange | Contract | Projected Price Component | Volatility Factor |
---|---|---|---|---|
Fall Planted Type | CBOT | September | $4.94/bushel | 0.18 |
Margin Protection Plan
The following 2020 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 at RMA’s Actuarial Information Browser.
Please see the Margin Protection Program page on RMA’s public website for program details.
Crop/States/Type | Exchange | Contract | Margin | Volatility Factor |
---|---|---|---|---|
Corn – Grain Type | CBOT | December | $4.03/bushel | 0.16 |
Soybeans | CBOT | November | $9.32/bushel | 0.14 |
Wheat | MGE | September | $5.51/bushel | 0.14 |
DISPOSAL DATE
December 31, 2019