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Product Management Bulletin-PM-15-045 2015 Crop Year Common Crop Insurance Policy and Area Risk Protection Insurance Harvest Prices Announcement

Date
To
All Approved Insurance Providers
All Risk Management Agency Field Offices
All Other Interested Parties
From
Tim B. Witt, Deputy Administrator /s/ Tim B. Witt
Subject
2015 Crop Year (CY) Common Crop Insurance Policy and Area Risk Protection Insurance Harvest Prices Announcement

Common Crop Insurance Policy & Area Risk Protection Insurance 1

The 2015 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, sales closing dates, states, types and practices indicated in the following table.

Crop/Sales Closing Date/ State/Type/PracticeExchangeContractHarvest Price
Barley
September 30 Sales Closing Date
Colorado (Spring Types), Idaho (Winter & Spring Types), Oregon (Winter & Spring Types) & Washington (Winter & Spring Types)
CBOTSeptember
Corn
$3.18/bushel
Barley
October 31 Sales Closing Date
Nevada (Winter & Spring Types) & Utah (Winter & Spring Types)
CBOTSeptember
Corn
$3.18/bushel
Barley
March 15 Sales Closing Date
Colorado (Spring Types), Idaho (Winter Types w/o Winter Coverage Endorsement & Spring Types), Maine, Michigan, Minnesota, Montana, Nevada, North Dakota, Oregon (Winter Types w/o Winter Coverage Endorsement & Spring Types), South Dakota, Utah, Vermont, Washington (Winter Types w/o Winter Coverage Endorsement & Spring Types), Wisconsin & Wyoming
CBOTSeptember
Corn
$3.18/bushel
Canola
August 31 Sales Closing Date
Idaho (Fall Type), Oregon (Fall Type) & Washington (Fall Type)
ICENovember
Canola
$0.168/pound
Canola – Rapeseed Type*
August 31 Sales Closing Date
Idaho (Fall Type), Oregon (Fall Type) & Washington (Fall Type)
* Harvest Price is set equal to Projected Price.
ICENovember
Canola
$0.216/pound
Corn
January 31 Sales Closing Date
Texas
CBOTSeptember
Corn
$3.68/bushel
Corn – Organic Practice
January 31 Sales Closing Date
Texas
CBOTSeptember
Corn
$6.93/bushel
Corn
February 28 Sales Closing Date
Alabama, Florida, Georgia, Louisiana & South Carolina
CBOTSeptember
Corn
$3.68/bushel
Corn – Organic Practice
February 28 Sales Closing Date
Alabama, Florida, Georgia, Louisiana & South Carolina
CBOTSeptember
Corn
$6.93/bushel
Grain Sorghum
January 31 Sales Closing Date
Texas
CBOTSeptember
Corn
$3.54/bushel
Grain Sorghum – Organic Practice
January 31 Sales Closing Date
Texas
CBOTSeptember
Corn
$5.42/bushel
Grain Sorghum
February 28 Sales Closing Date
Alabama, Florida, Georgia & South Carolina
CBOTDecember
Corn
$3.64/bushel
Grain Sorghum – Organic Practice
February 28 Sales Closing Date
Alabama, Florida, Georgia & South Carolina
CBOTDecember
Corn
$5.58/bushel
Popcorn
March 15 Sales Closing Date
Alabama
CBOTSeptember
Corn
$0.1586/pound
Popcorn – Organic Practice
March 15 Sales Closing Date
Alabama
CBOTSeptember
Corn
$0.2285/pound
Rice – Long Grain Type & No Type Specified
January 31 Sales Closing Date
Texas
CBOTSeptember
Rice
$0.119/pound*
Rice – Medium & Short Grain Types
January 31 Sales Closing Date
Texas CBOT
CBOTSeptember
Rice
$0.145/pound*
Rice – Long Grain Type & No Type Specified
February 28 Sales Closing Date
Louisiana
CBOTSeptember
Rice
$0.110/pound*
Rice – Medium & Short Grain Types
February 28 Sales Closing Date
Louisiana
CBOTSeptember
Rice
$0.124/pound*
Wheat
September 30 Sales Closing Date
Wisconsin (Winter)
CBOTSeptember
SRW
Wheat
$4.99/bushel
Wheat
September 30 Sales Closing Date
Montana (Winter) & Wyoming (Winter)
KCBTSeptember
HRW
Wheat
$4.79/bushel
Wheat
September 30 Sales Closing Date
California (Spring), Colorado (Spring), Idaho (Spring), Iowa (Spring), Montana (Spring & Khorasan), Nebraska (Spring), Oregon (Spring), South Dakota (Spring & No Type Specified), Washington (Spring), Wisconsin (Spring) & Wyoming (Spring & No Type Specified)
MGESeptember
HRS
Wheat
$5.10/bushel
Wheat
October 31 Sales Closing Date
Nevada (Spring) & Utah (Spring)
MGESeptember
HRS
Wheat
$5.10/bushel

1 Harvest Prices are applicable for the Supplemental Coverage Option (SCO).

*RMA is unable to offer revenue protection coverage for rice in 2015 due to insufficient open interest activity during the projected price discovery periods. [See Commodity Exchange Price Provisions (CEPP), Section I (www.rma.usda.gov/policy-procedure/crop-policies/commodity-exchange-price-provisions-section-general-information-14.pdf).] Yield protection coverage is provided, with the harvest prices set equal to the projected prices.

DISPOSAL DATE
December 31, 2015