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
Tim B. Witt, Deputy Administrator /s/ Tim B. Witt
Subject
2016 Crop Year (CY) Common Crop Insurance Policy Projected Prices and Volatility Factors Announcement
Common Crop Insurance Policy 1
The 2016 CY projected prices shown below are approved for the Yield Protection, Revenue Protection, and Revenue Protection with Harvest Price Exclusion plans of insurance. The 2016 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 crop, types, and states indicated in the following table.
| Crop/Type/State | Exchange | Contract | Projected Price | Volatility Factor |
|---|---|---|---|---|
| Canola – Canola Type Kansas, Oklahoma & Texas | ICE | July Canola | $0.171/pound | 0.18 |
| Canola – Rapeseed Type Oklahoma | ICE | July Canola | $0.208/pound | 0.00 |
| Canola – Canola Type Idaho (Fall), Oregon (Fall) & Washington (Fall) | ICE | November Canola | $0.161/pound | 0.18 |
| Canola – Rapeseed Type Idaho (Fall), Oregon (Fall) & Washington (Fall) | ICE | November Canola | $0.201/pound | 0.00 |
1 Projected Prices and Volatility Factors are applicable for the Supplemental Coverage Option (SCO).
DISPOSAL DATE
December 31, 2015