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Policy & Procedure

Product Management Bulletin-PM-20-072

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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 10/15/2020
Subject
2021 Crop Year (CY) Common Crop Insurance Policy Projected Prices And Volatility Factors Announcement

Common Crop Insurance Policy 1 

The 2021 CY projected prices shown below are approved for the Yield Protection, Revenue Protection and Revenue Protection with Harvest Price Exclusion plans of insurance. The 2021 CY volatility factors shown below are approved for the Revenue Protection and Revenue Protection with Harvest Price Exclusion plans of insurance. The projected prices and volatility factors are applicable for the crops, types, practices, sales closing date and states indicated in the following table.

Crop/Type/Practice Sales Closing Date/StateExchangeContractProjected PriceVolatility Factor
Barley October 31 Sales Closing Date Arizona & CaliforniaCBOTJuly Corn$3.43/bushel0.16
Barley Organic Practice October 31 Sales Closing Date Arizona & CaliforniaCBOTJuly Corn$7.33/bushel0.16
Barley - Winter October 31 Sales Closing Date Nevada & UtahCBOTSeptember Corn$3.36/bushel0.17
Barley - Winter Organic Practice October 31 Sales Closing Date Nevada & UtahCBOTSeptember Corn$7.18/bushel0.17
Wheat - Winter October 31 Sales Closing Date Arizona & CaliforniaKCBTJuly HRW Wheat$5.27/bushel0.19
Wheat - Winter Organic Practice October 31 Sales Closing Date Arizona & CaliforniaKCBTJuly HRW Wheat$10.90/bushel0.19
Wheat - Durum October 31 Sales Closing Date Arizona & CaliforniaMGEJuly HRS Wheat$6.63/bushel0.16
Wheat – Durum Organic Practice October 31 Sales Closing Date Arizona & CaliforniaMGEJuly HRS Wheat$13.71/bushel0.16
1 Projected Prices and Volatility Factors are applicable for the Supplemental Coverage Option (SCO).

DISPOSAL DATE 
December 31, 2021