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Product Management Bulletin-PM-21-073

Date
To
All Approved Insurance Providers
All Risk Management Agency Field Offices
All Other Interested Parties
From
Richard H. Flournoy, Deputy Administrator
Subject
2021 Crop Year (CY) Common Crop Insurance Policy and Area Risk Protection Insurance Harvest Prices Announcement

Common Crop Insurance Policy & Area Risk Protection Insurance 1,2

The 2021 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, practices, sales closing dates, and states indicated in the following table.

Crop/Practice/Sales Closing Date/State Exchange Contract Harvest Price
Corn March 15 Sales Closing Date Idaho, Michigan, Oregon & Washington CBOT December Corn $5.71/bushel
Corn - Organic Practice March 15 Sales Closing Date Idaho, Michigan, Oregon & Washington CBOT December Corn $11.92/bushel
Cotton March 15 Sales Closing Date Kansas, New Mexico & Oklahoma ICE December Cotton $1.18/pound
Cotton - Organic Practice March 15 Sales Closing Date Kansas, New Mexico & Oklahoma ICE December Cotton $1.54/pound
Popcorn March 15 Sales Closing Date Michigan CBOT December Corn $0.2455/pound
Popcorn - Organic Practice March 15 Sales Closing Date Michigan CBOT December Corn $0.3534/pound
Soybeans February 28 Sales Closing Date Alabama, Florida, Georgia, North Carolina & South Carolina CBOT January (2022) Soybeans $12.43/bushel
Soybeans - Organic Practice February 28 Sales Closing Date Alabama, Florida, Georgia, North Carolina & South Carolina CBOT January (2022) Soybeans $23.60/bushel
Soybeans March 15 Sales Closing Date Delaware, Maryland, Oklahoma, Virginia & West Virginia CBOT January (2022) Soybeans $12.43/bushel
Soybeans - Organic Practice March 15 Sales Closing Date Delaware, Maryland, Oklahoma, Virginia & West Virginia CBOT January (2022) Soybeans $23.60/bushel
1 Harvest Prices are applicable for the Enhanced Coverage Option (ECO) and the Supplemental Coverage Option (SCO). 2 Harvest Prices are applicable for Stacked Income Protection (STAX) cotton policies.
DISPOSAL DATE: December 31, 2022