Date
To
All Approved Insurance Providers
All Risk Management Agency Field Offices
All Other Interested Parties
All Risk Management Agency Field Offices
All Other Interested Parties
From
Richard Flournoy, Deputy Administrator
Subject
2020 Crop Year (CY) Common Crop Insurance Policy and Area Risk Protection Insurance Harvest Prices, Malting Barley Endorsement Harvest Price Components, and Margin Protection Plan Margin Harvest Prices Announcement
Common Crop Insurance Policy & Area Risk Protection Insurance 1
The 2020 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 with the 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/Practice | Exchange | Contract | Harvest Price |
|---|---|---|---|
| Barley September 30 Sales Closing Date California (Winter & Spring Types), Colorado (Spring Types), Idaho (Winter & Spring Types), Oregon (Winter & Spring Types) & Washington (Winter & Spring Types) | CBOT | September Corn | $2.66/bushel |
| Barley – Organic Practice September 30 Sales Closing Date California (Winter & Spring Types), Colorado (Spring Types), Idaho (Winter & Spring Types), Oregon (Winter & Spring Types) & Washington (Winter & Spring Types) | CBOT | September Corn | $5.67/bushel |
| Barley October 31 Sales Closing Date Nevada (Winter & Spring Types) & Utah (Winter & Spring Types) | CBOT | September Corn | $2.66/bushel |
| Barley – Organic Practice October 31 Sales Closing Date Nevada (Winter & Spring Types) & Utah (Winter & Spring Types) | CBOT | September Corn | $5.67/bushel |
| Barley March 15 Sales Closing Date California (Winter Types w/o Winter Coverage Endorsement & Spring Types), Colorado (Spring Types), Idaho (Winter Types w/o Winter Coverage Endorsement & Spring Types), Maine, Michigan, Minnesota, Montana, Nevada, North Dakota, Oregon (Winter Types w/o Winter Coverage Endorsement & Spring Types), South Dakota, Utah, Vermont, Washington (Winter Types w/o Winter Coverage Endorsement & Spring Types), Wisconsin & Wyoming | CBOT | September Corn | $2.66/bushel |
| Barley – Organic Practice March 15 Sales Closing Date California (Winter Types w/o Winter Coverage Endorsement & Spring Types), Colorado (Spring Types), Idaho (Winter Types w/o Winter Coverage Endorsement & Spring Types), Maine, Michigan, Minnesota, Montana, Nevada, North Dakota, Oregon (Winter Types w/o Winter Coverage Endorsement & Spring Types), South Dakota, Utah, Vermont, Washington (Winter Types w/o Winter Coverage Endorsement & Spring Types), Wisconsin & Wyoming | CBOT | September Corn | $5.67/bushel |
| Canola August 31 Sales Closing Date Idaho (Fall Type(s)), Oregon (Fall Type(s)) & Washington (Fall Type(s)) | ICE | November Canola | $0.168/pound |
| Canola – Rapeseed Type* August 31 Sales Closing Date Idaho (Fall Type(s)), Oregon (Fall Type(s)) & Washington (Fall Type(s)) * Harvest Price is set equal to Projected Price. | ICE | November Canola | $0.225/pound |
| Corn January 31 Sales Closing Date Texas | CBOT | September Corn | $3.25/bushel |
| Corn – Organic Practice January 31 Sales Closing Date Texas | CBOT | September Corn | $7.26/bushel |
| Corn February 28 Sales Closing Date Alabama, Florida, Georgia, Louisiana & South Carolina | CBOT | September Corn | $3.25/bushel |
| Corn – Organic Practice February 28 Sales Closing Date Alabama, Florida, Georgia, Louisiana & South Carolina | CBOT | September Corn | $7.26/bushel |
| Grain Sorghum January 31 Sales Closing Date Texas | CBOT | September Corn | $3.09/bushel |
| Grain Sorghum – Organic Practice January 31 Sales Closing Date Texas | CBOT | September Corn | $6.78/bushel |
| Grain Sorghum February 28 Sales Closing Date Alabama, Florida, Georgia & South Carolina | CBOT | December Corn | $3.21/bushel |
| Grain Sorghum – Organic Practice February 28 Sales Closing Date Alabama, Florida, Georgia & South Carolina | CBOT | December Corn | $7.05/bushel |
| Popcorn March 15 Sales Closing Date Alabama | CBOT | September Corn | $0.1398/pound |
| Popcorn – Organic Practice March 15 Sales Closing Date Alabama | CBOT | September Corn | $0.2012/pound |
| Rice – Long Grain Type January 31 Sales Closing Date Texas | CBOT | September Rice | $0.120/pound |
| Rice – Long Grain Type; Organic Practice January 31 Sales Closing Date Texas | CBOT | September Rice | $0.161/pound |
| Rice – Medium & Short Grain Types January 31 Sales Closing Date Texas | CBOT | September Rice | $0.127/pound |
| Rice – Medium & Short Grain Types; Organic Practice January 31 Sales Closing Date Texas | CBOT | September Rice | $0.170/pound |
| Rice – Long Grain Type February 28 Sales Closing Date Louisiana | CBOT | September Rice | $0.120/pound |
| Rice – Long Grain Type; Organic Practice February 28 Sales Closing Date Louisiana | CBOT | September Rice | $0.161/pound |
| Rice – Medium & Short Grain Types February 28 Sales Closing Date Louisiana | CBOT | September Rice | $0.146/pound |
| Rice – Medium & Short Grain Types; Organic Practice February 28 Sales Closing Date Louisiana | CBOT | September Rice | $0.196/pound |
| Wheat September 30 Sales Closing Date Wisconsin (Winter) | CBOT | September SRW Wheat | $5.14/bushel |
| Wheat – Organic Practice September 30 Sales Closing Date Wisconsin (Winter) | CBOT | September SRW Wheat | $11.27/bushel |
| Wheat September 30 Sales Closing Date Montana (Winter) & Wyoming (Winter) | KCBT | September HRW Wheat | $4.35/bushel |
| Wheat – Organic Practice September 30 Sales Closing Date Montana (Winter) & Wyoming (Winter) | KCBT | September HRW Wheat | $9.54/bushel |
| Wheat September 30 Sales Closing Date California (Spring), Colorado (Spring), Idaho (Spring), Iowa (Spring), Montana (Spring & Khorasan), Nebraska (Spring), Oregon (Spring), South Dakota (Spring), Washington (Spring), Wisconsin (Spring) & Wyoming (Spring) | MGE | September HRS Wheat | $5.06/bushel |
| Wheat – Organic Practice September 30 Sales Closing Date California (Spring), Colorado (Spring), Idaho (Spring), Iowa (Spring), Montana (Spring & Khorasan), Nebraska (Spring), Oregon (Spring), South Dakota (Spring), Washington (Spring), Wisconsin (Spring) & Wyoming (Spring) | MGE | September HRS Wheat | $11.09/bushel |
| Wheat October 31 Sales Closing Date Nevada (Spring) & Utah (Spring) | MGE | September HRS Wheat | $5.06/bushel |
| Wheat – Organic Practice October 31 Sales Closing Date Nevada (Spring) & Utah (Spring) | MGE | September HRS Wheat | $11.09/bushel |
| Wheat March 15 Sales Closing Date Alaska, California (Spring), Colorado (Spring), Iowa (Spring), Maine, Minnesota, Montana (Spring & Khorasan), Nebraska (Spring), North Dakota (Spring & Khorasan), Oregon [Klamath County] (Spring), South Dakota (Spring), Vermont, Wisconsin (Spring) & Wyoming (Spring) | MGE | September HRS Wheat | $5.06/bushel |
| Wheat – Organic Practice March 15 Sales Closing Date Alaska, California (Spring), Colorado (Spring), Iowa (Spring), Maine, Minnesota, Montana (Spring & Khorasan), Nebraska (Spring), North Dakota (Spring & Khorasan), Oregon [Klamath County] (Spring), South Dakota (Spring), Vermont, Wisconsin (Spring) & Wyoming (Spring) | MGE | September HRS Wheat | $11.09/bushel |
| Wheat – Durum Type March 15 Sales Closing Date Montana (Durum), North Dakota (Durum) & South Dakota (Durum) | MGE | September HRS Wheat | $5.23/bushel |
| Wheat – Durum Type; Organic Practice March 15 Sales Closing Date Montana (Durum), North Dakota (Durum) & South Dakota (Durum) | MGE | September HRS Wheat | $11.47/bushel |
| Wheat September 30 Sales Closing Date California (Winter), Idaho (Winter), Oregon (Winter) & Washington (Winter) | PME | August Cash SW Wheat | $5.40/bushel |
| Wheat – Organic Practice September 30 Sales Closing Date California (Winter), Idaho (Winter), Oregon (Winter) & Washington (Winter) | PME | August Cash SW Wheat | $11.84/bushel |
| Wheat October 31 Sales Closing Date Nevada (Winter) & Utah (Winter) | PME | August Cash SW Wheat | $5.40/bushel |
| Wheat – Organic Practice October 31 Sales Closing Date Nevada (Winter) & Utah (Winter) | PME | August Cash SW Wheat | $11.84/bushel |
1 Harvest 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 winter wheat price component to derive the 2020 CY harvest price for any insured whose malt barley contract provides for a premium amount above or below a base price to be determined, and in which the base price is not determined by the acreage reporting date. Please see the MBE for details:
| Malting Barley Type | Exchange | Contract | Harvest Price |
|---|---|---|---|
| Winter Planted Type | CBOT | September SRW Wheat | $5.14/bushel |
| Spring Planted Type | CBOT | September SRW Wheat | $5.14/bushel |
Margin Protection Plan
The following 2020 CY margin harvest prices 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. Please see the following web page on RMA’s public website for program details:
| Crop/Sales Closing Date/State/Type | Exchange | Contract | Harvest Price |
|---|---|---|---|
| Rice – Long Grain Types January 31 Sales Closing Date Texas | CBOT | September Rice | $0.120/pound |
| Rice – Medium & Short Grain Types January 31 Sales Closing Date Texas | CBOT | September Rice | $0.127/pound |
| Rice – Long Grain Types February 28 Sales Closing Date Louisiana | CBOT | September Rice | $0.120/pound |
| Rice – Medium & Short Grain Types February 28 Sales Closing Date Louisiana | CBOT | September Rice | $0.146/pound |
| Wheat September 30 Sales Closing Date All Locations | MGE | September HRS Wheat | $5.06/bushel |
DISPOSAL DATE:
December 31, 2020