All Risk Management Agency Field Offices
All Other Interested Parties
Common Crop Insurance Policy1
The 2023 CY projected prices shown below are approved for the Yield Protection, Revenue Protection, and Revenue Protection with Harvest Price Exclusion plans of insurance. The 2023 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 apply to policies with a January 31 sales closing date and are applicable for the crops, types, practices, and states indicated below:
| Crop/Type/Practice/State | Exchange | Contract | Projected Price | Volatility Factor |
|---|---|---|---|---|
| Corn Texas | CBOT | September Corn | $6.14 per bushel | 0.19 |
| Corn - Organic Practice Texas | CBOT | September Corn | $11.53 per bushel | 0.19 |
| Cotton2 Texas | ICE | December Cotton | $0.81 per pound | 0.26 |
| Cotton - Organic Practice2 Texas | ICE | December Cotton | $1.33 per pound | 0.26 |
| Grain Sorghum Texas | CBOT | September Corn | $6.07 per bushel | 0.19 |
| Grain Sorghum - Organic Practice Texas | CBOT | September Corn | $12.69 per bushel | 0.19 |
| Peanuts - Runner Type Texas | CBOT/ ICE | December Wheat, Cotton, Soybean Oil, and Soybean Meal | $0.2624 per pound | 0.18 |
| Peanuts - Spanish Type Texas | CBOT/ ICE | December Wheat, Cotton, Soybean Oil, and Soybean Meal | $0.4120 per pound | 0.18 |
| Rice - Long Grain Type Texas | CBOT | September Rice | $0.169 per pound | 0.10 |
| Rice - Medium and Short Grain Types Texas | CBOT | September Rice | $0.238 per pound | 0.10 |
| Rice - Long Grain Type; Organic Practice Texas | CBOT | September Rice | $0.226 per pound | 0.10 |
| Rice - Medium and Short Grain Types; Organic Practice Texas | CBOT | September Rice | $0.319 per pound | 0.10 |
| Soybeans Texas | CBOT | November Soybeans | $13.94 per bushel | 0.14 |
| Soybeans - Organic Practice Texas | CBOT | November Soybeans | Not available.3 | |
| Sunflowers - Oil Type Texas | CBOT | July Soybean Oil | $0.323 per pound | 0.19 |
| Sunflowers - Oil Type; Organic Practice Texas | CBOT | July Soybean Oil | $0.588 per pound | 0.19 |
| Sunflowers - Confectionery Type Texas | CBOT | July Soybean Oil | $0.346 per pound | 0.19 |
| Sunflowers - Confectionery Type; Organic Practice Texas | CBOT | July Soybean Oil | $0.588 per pound | 0.19 |
| 1 Projected Prices and Volatility Factors are applicable for the Enhanced Coverage Option (ECO) and the Supplemental Coverage Option (SCO), where available. 2 Projected Prices and Volatility Factors apply for Stacked Income Protection (STAX - cotton only). 3 For the 2023 CY, organic coverage is not available for soybeans in counties covered by the January 31 sales closing date. | ||||
Margin Protection
The following 2023 CY margin projected prices and volatility factors are approved for the Margin Protection plan of insurance. 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 are available at the following on RMA’s public website: aibpf-rma.fpac.usda.gov/apps/ActuarialInformationBrowser/.
Please see the following on RMA’s public website for program details: www.rma.usda.gov/policy-procedure/general-policies/margin-protection.
| Crop/Type/State | Exchange | Contract | Margin Projected Price | Volatility Factor |
|---|---|---|---|---|
| Rice - Long Grain Type and No Type Specified Texas | CBOT | September Rice | $0.169 per pound | 0.10 |
| Rice - Medium and Short Grain Types Texas | CBOT | September Rice | $0.238 per pound | 0.10 |
DISPOSAL DATE
December 31, 2023