All Risk Management Agency Field Offices
All Other Interested Parties
Common Crop Insurance Policy & Area Risk Protection Insurance 1
The 2023 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 - Harvest Price Exclusion. The 2023 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 - Harvest Price Exclusion. The projected prices and volatility factors apply to policies with a February 15 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 | December Corn | $5.93 per bushel | 0.18 |
| Corn - Organic Practice Texas | CBOT | December Corn | $11.14 per bushel | 0.18 |
| Grain Sorghum Texas | CBOT | December Corn | $5.86 per bushel | 0.18 |
| Grain Sorghum - Organic Practice Texas | CBOT | December Corn | $12.26 per bushel | 0.18 |
| Rice - Long Grain Type Florida | CBOT | November Rice | $0.168 per pound | 0.11 |
| Rice - Long Grain Type; Organic Practice Florida | CBOT | November Rice | $0.225 per pound | 0.11 |
| Rice - Medium and Short Grain Types Florida | CBOT | November Rice | $0.254 per pound | 0.11 |
| Rice - Medium and Short Grain Types; Organic Practice Florida | CBOT | November Rice | $0.341 per pound | 0.11 |
| 1 Projected Prices and Volatility Factors are applicable for the Enhanced Coverage Option (ECO) and Supplemental Coverage Option (SCO), where available. | ||||
DISPOSAL DATE
December 31, 2023