All Risk Management Agency Field Offices
All Other Interested Parties
Common Crop Insurance Policy & 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 with the 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 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 | $3.92/bushel | 0.14 |
| Corn - Organic Practice Alabama, Florida, Georgia, Louisiana & South Carolina | CBOT | September Corn | $8.76/bushel | 0.14 |
| Corn Arkansas & Mississippi | CBOT | December Corn | $3.95/bushel | 0.13 |
| Corn - Organic Practice Arkansas & Mississippi | CBOT | December Corn | $8.82/bushel | 0.13 |
| 1 Projected Prices and Volatility Factors are applicable for the Supplemental Coverage Option (SCO). | ||||
Common Crop Insurance Policy & Area Risk Protection Insurance 1
| Crop/Type/Practice/State | Exchange | Contract | Projected Price | Volatility Factor |
|---|---|---|---|---|
| Corn North Carolina | CBOT | December Corn | $3.95/bushel | 0.14 |
| Corn - Organic Practice North Carolina | CBOT | December Corn | $8.82/bushel | 0.14 |
| Corn Arizona, California & Nevada | CBOT | December Corn | $3.95/bushel | 0.15 |
| Corn - Organic Practice Arizona, California & Nevada | CBOT | December Corn | $8.82/bushel | 0.15 |
| Cotton All States | ICE | December Cotton | $0.70/pound | 0.13 |
| Cotton – Organic Practice All States | ICE | December Cotton | $1.08/pound | 0.13 |
| Grain Sorghum Alabama, Florida, Georgia & South Carolina | CBOT | December Corn | $3.75/bushel | 0.13 |
| Grain Sorghum – Organic Practice Alabama, Florida, Georgia & South Carolina | CBOT | December Corn | $8.24/bushel | 0.13 |
| Grain Sorghum Arkansas, Louisiana & Mississippi | CBOT | December Corn | $3.75/bushel | 0.14 |
| Grain Sorghum – Organic Practice Arkansas, Louisiana & Mississippi | CBOT | December Corn | $8.24/bushel | 0.14 |
| 1 Projected Prices and Volatility Factors are applicable for the Supplemental Coverage Option (SCO) and Stacked Income Protection (STAX - cotton only). | ||||
Common Crop Insurance Policy & Area Risk Protection Insurance 1
| Crop/Type/Practice/State | Exchange | Contract | Projected Price | Volatility Factor |
|---|---|---|---|---|
| Grain Sorghum Arizona, California & North Carolina | CBOT | December Corn | $3.75/bushel | 0.15 |
| Grain Sorghum – Organic Practice Arizona, California & North Carolina | CBOT | December Corn | $8.24/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 | $0.1989/pound | 0.08 |
| Peanuts – Spanish Type Alabama, Arkansas, Florida, Georgia, Louisiana, Mississippi & Texas | CBOT/ ICE | December Wheat, Cotton, Soybean Oil & Soybean Meal | $0.2745/pound | 0.08 |
| Peanuts – Virginia Type Alabama, Florida, Georgia, Mississippi, North Carolina & South Carolina | CBOT/ ICE | December Wheat, Cotton, Soybean Oil & Soybean Meal | $0.2168/pound | 0.08 |
| Popcorn March 15 Sales Closing Date Alabama | CBOT | September Corn | $0.1686/pound | 0.14 |
| Popcorn – Organic Practice March 15 Sales Closing Date Alabama | CBOT | September Corn | $0.2426/pound | 0.14 |
| 1 Projected Prices and Volatility Factors are applicable for the Supplemental Coverage Option (SCO). | ||||
Common Crop Insurance Policy & Area Risk Protection Insurance 1,2,3
| Crop/Type/Practice/State | Exchange | Contract | Projected Price | Volatility Factor |
|---|---|---|---|---|
| Rice – Long Grain Type Louisiana | CBOT | September Rice | $0.122/pound | 0.10 |
| Rice – Long Grain Type; Organic Practice Louisiana | CBOT | September Rice | $0.163/pound | 0.10 |
| Rice – Medium/Short Grain Types Louisiana | CBOT | September Rice | $0.149/pound | 0.10 |
| Rice – Medium/Short Grain Types; Organic Practice Louisiana | CBOT | September Rice | $0.199/pound | 0.10 |
| Rice – Long Grain Type Arkansas, Mississippi & Texas | CBOT | November Rice | $0.121/pound | 0.13 |
| Rice – Long Grain Type; Organic Practice Arkansas, Mississippi & Texas | CBOT | November Rice | $0.162/pound | 0.13 |
| Rice – Medium/Short Grain Types Arkansas, Mississippi & Texas | CBOT | November Rice | $0.148/pound | 0.13 |
| Rice – Medium/Short Grain Types; Organic Practice Arkansas, Mississippi & Texas | CBOT | November Rice | $0.197/pound | 0.13 |
| Rice – Long Grain Type California, Oklahoma & Tennessee | CBOT | November Rice | $0.121/pound | 0.13 |
| Rice – Long Grain Type; Organic Practice California, Oklahoma & Tennessee | CBOT | November Rice | $0.162/pound | 0.13 |
| 1 Projected Prices and Volatility Factors are applicable for the Supplemental Coverage Option (SCO). | ||||
| 2 Beginning in the 2020 CY, Illinois and Missouri rice coverage under the Common Crop Insurance Policy is offered for the March 15 sales closing date. The projected prices and volatility factors will be announced in a later memorandum. | ||||
| 3 The long grain projected price (conventional practice) is used as the price election under the terms of the Hybrid Seed Rice Crop Provisions. | ||||
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 | November Rice | $0.202/pound | 0.13 |
| Rice – Medium/Short Grain Types; Organic Practice California | CBOT | November Rice | $0.271/pound | 0.13 |
| Rice – Medium/Short Grain Types Oklahoma & Tennessee | CBOT | November Rice | $0.148/pound | 0.13 |
| Rice – Medium/Short Grain Types; Organic Practice Oklahoma & Tennessee | CBOT | November Rice | $0.197/pound | 0.13 |
| Soybeans Arkansas, Louisiana, Mississippi & Texas | CBOT | November Soybeans | $9.31/bushel | 0.12 |
| Soybeans - Organic Practice Arkansas, Louisiana, Mississippi & Texas | CBOT | November Soybeans | $18.30/bushel | 0.12 |
| Soybeans Alabama, Florida, Georgia, North Carolina & South Carolina | CBOT | January (2021) Soybeans | $9.36/bushel | 0.11 |
| Soybeans - Organic Practice Alabama, Florida, Georgia, North Carolina & South Carolina | CBOT | January (2021) Soybeans | $18.40/bushel | 0.11 |
| 1 Projected Prices and Volatility Factors are applicable the Supplemental Coverage Option (SCO). | ||||
| 2 Beginning in the 2020 CY, Illinois and Missouri rice coverage under the Common Crop Insurance Policy is offered for the March 15 sales closing date. The projected prices and volatility factors will be announced in a later memorandum. | ||||
Margin Protection Plan
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 the following web page on RMA’s public website: aibpf-rma.fpac.usda.gov/apps/ActuarialInformationBrowser/CropCriteria.aspx
Please see the following web page on RMA’s public website for program details: www.rma.usda.gov/about-crop-insurance/managing-farm-risk/insurance-plans
| Crop/Type | Exchange | Contract | Margin Projected Price | Volatility Factor |
|---|---|---|---|---|
| Rice – Long Grain Type & No Type Specified Louisiana | CBOT | September Rice | $0.122/pound | 0.10 |
| Rice – Medium & Short Grain Types Louisiana | CBOT | September Rice | $0.149/pound | 0.10 |
| Rice – Long Grain Type & No Type Specified Arkansas, Mississippi & Texas | CBOT | November Rice | $0.121/pound | 0.13 |
| Rice – Medium & Short Grain Types Arkansas, Mississippi & Texas | CBOT | November Rice | $0.148/pound | 0.13 |
| Rice – Long Grain Type & No Type Specified California & Missouri | CBOT | November Rice | $0.121/pound | 0.13 |
| Rice – Medium & Short Grain Types California | CBOT | November Rice | $0.202/pound | 0.13 |
| Rice – Medium & Short Grain Types Missouri | CBOT | November Rice | $0.148/pound | 0.13 |
DISPOSAL DATE
December 31, 2020