All Risk Management Agency Field Offices
All Other Interested Parties
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 crop, sales closing date, states, and practices indicated in the following table.
| Crop/Sales Closing Date/State/Practice | Exchange | Contract | Harvest Price |
|---|---|---|---|
| Corn February 28 Sales Closing Date Arkansas & Mississippi | CBOT | December Corn | $3.75bushel |
| Corn - Organic Practice February 28 Sales Closing Date Arkansas & Mississippi | CBOT | December Corn | $7.06/bushel |
1 Harvest Prices are applicable for the Supplemental Coverage Option (SCO).
Common Crop Insurance Policy & Area Risk Protection Insurance 1
The 2016 CY projected prices shown below are approved for the Yield Protection, Area Yield Protection, Revenue Protection, Area Revenue Protection, Revenue Protection with Harvest Price Exclusion and Area Revenue Protection - Harvest Price Exclusion plans of insurance. The 2016 CY volatility factors shown below are approved for the Revenue Protection, Area Revenue Protection, Revenue Protection with Harvest Price Exclusion and Area Revenue Protection - Harvest Price Exclusion plans of insurance. The projected prices and volatility factors are applicable for the crops, sales closing dates, states, and types indicated in the following table.
| Crop/Sales Closing Date/State/Type | Exchange | Contract | Projected Price | Volatility Factor |
|---|---|---|---|---|
| Barley September 30 Sales Closing Date Colorado (Winter types), Delaware, Georgia, Illinois, Indiana, Kansas (Winter type), Kentucky, Maryland, Missouri, New Jersey, New Mexico, North Carolina, Ohio, Oklahoma, South Carolina, Tennessee, Texas & Virginia | CBOT | July Corn | $3.47/bushel | 0.23 |
| Barley – Organic Practice September 30 Sales Closing Date Colorado (Winter types), Delaware, Georgia, Illinois, Indiana, Kansas (Winter type), Kentucky, Maryland, Missouri, New Jersey, New Mexico, North Carolina, Ohio, Oklahoma, South Carolina, Tennessee, Texas & Virginia | CBOT | July Corn | $6.36/bushel | 0.23 |
| Barley September 30 Sales Closing Date New York (Winter type), Pennsylvania (Winter type) & West Virginia | CBOT | September Corn | $3.43/bushel | 0.23 |
| Barley – Organic Practice September 30 Sales Closing Date New York (Winter type), Pennsylvania (Winter type) & West Virginia CBOT September Corn $6.28/bushel 0.23Barley September 30 Sales Closing Date Idaho (Winter types), Oregon (Winter types) & Washington (Winter types) | CBOT | September Corn | $3.43/bushel | 0.24 |
| Barley September 30 Sales Closing Date Idaho (Winter types), Oregon (Winter types) & Washington (Winter types) | CBOT | September Corn | $3.43/bushel | 0.24 |
| Barley – Organic Practice September 30 Sales Closing Date Idaho (Winter types), Oregon (Winter types) & Washington (Winter types) | CBOT | September Corn | $6.28/bushel | 0.24 |
| Barley March 15 Sales Closing Date Idaho (Winter types w/o Winter Coverage Endorsement), Oregon (Winter types w/o Winter Coverage Endorsement) & Washington (Winter types w/o Winter Coverage Endorsement) | CBOT | September Corn | $3.43/bushel | 0.24 |
| Barley – Organic Practice March 15 Sales Closing Date Idaho (Winter types w/o Winter Coverage Endorsement), Oregon (Winter types w/o Winter Coverage Endorsement) & Washington (Winter types w/o Winter Coverage Endorsement) | CBOT | September Corn | $6.28/bushel | 0.24 |
| Canola - Canola Type September 30 Sales Closing Date Alabama, Georgia, Kentucky, North Carolina, South Carolina & Tennessee | ICE | July Canola | $0.163/pound | 0.15 |
| Canola - Rapeseed Type September 30 Sales Closing Date Alabama, Georgia, Kentucky, North Carolina, South Carolina & Tennessee | ICE | July Canola | $0.198/pound | 0.00 |
| Wheat September 30 Sales Closing Date Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina & Tennessee | CBOT | July SRW Wheat | $5.04/bushel | 0.23 |
| Wheat – Organic Practice September 30 Sales Closing Date Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina & Tennessee | CBOT | July SRW Wheat | $9.30/bushel | 0.23 |
| Wheat September 30 Sales Closing Date Delaware, Illinois, Indiana, Iowa (Winter), Maryland, Michigan, Missouri, New Jersey, New York, Ohio, Pennsylvania, Virginia & West Virginia | CBOT | September SRW Wheat | $5.13/bushel | 0.24 |
| Wheat – Organic Practice September 30 Sales Closing Date Delaware, Illinois, Indiana, Iowa (Winter), Maryland, Michigan, Missouri, New Jersey, New York, Ohio, Pennsylvania, Virginia & West Virginia | CBOT | September SRW Wheat | $9.47/bushel | 0.24 |
| Wheat September 30 Sales Closing Date Wisconsin (Winter) | CBOT | September SRW Wheat | $5.13/bushel | 0.25 |
| Wheat – Organic Practice September 30 Sales Closing Date Wisconsin (Winter) | CBOT | September SRW Wheat | $9.47/bushel | 0.25 |
| Wheat September 30 Sales Closing Date Kansas, New Mexico, Oklahoma & Texas | KCBT | July HRW Wheat | $5.20/bushel | 0.22 |
| Wheat – Organic Practice September 30 Sales Closing Date Kansas, New Mexico, Oklahoma & Texas | KCBT | July HRW Wheat | $9.60/bushel | 0.22 |
| Wheat September 30 Sales Closing Date Colorado (Winter), Nebraska (Winter) & South Dakota (Winter) | KCBT | September HRW Wheat | $5.34/bushel | 0.23 |
| Wheat – Organic Practice September 30 Sales Closing Date Colorado (Winter), Nebraska (Winter) & South Dakota (Winter) | KCBT | September HRW Wheat | $9.86/bushel | 0.23 |
| Wheat September 30 Sales Closing Date Montana (Winter) & Wyoming (Winter) | KCBT | September HRW Wheat | $5.34/bushel | 0.24 |
| Wheat – Organic Practice September 30 Sales Closing Date Montana (Winter) & Wyoming (Winter) | KCBT | September HRW Wheat | $9.86/bushel | 0.24 |
| Wheat September 30 Sales Closing Date California (Winter), Idaho (Winter), Oregon (Winter) & Washington (Winter) | CBOT | September SRW Wheat with PME Adjustment | $5.63/bushel | 0.25 |
| Wheat – Organic Practice September 30 Sales Closing Date California (Winter), Idaho (Winter), Oregon (Winter) & Washington (Winter) | CBOT | September SRW Wheat with PME Adjustment | $10.39/bushel | 0.25 |
| Wheat September 30 Sales Closing Date Idaho (Spring), Oregon (Spring)* & Washington (Spring) * The 2016 CY projected price for Klamath County, Oregon – Spring type will be derived at a later date, using a February 2016 projected price discovery period. | MGE | September HRS Wheat | $5.61/bushel | 0.23 |
| Wheat – Organic Practice September 30 Sales Closing Date Idaho (Spring), Oregon (Spring)* & Washington (Spring) * The 2016 CY projected price for Klamath County, Oregon – Spring type will be derived at a later date, using a February 2016 projected price discovery period. | MGE | September HRS Wheat | $10.36/bushel | 0.23 |
| Wheat October 31 Sales Closing Date Nevada (Winter) & Utah (Winter) | CBOT | September SRW Wheat with PME Adjustment | $5.63/bushel | 0.25 |
| Wheat – Organic Practice October 31 Sales Closing Date Nevada (Winter) & Utah (Winter) | CBOT | September SRW Wheat with PME Adjustment | $10.39/bushel | 0.25 |
| Wheat October 31 Sales Closing Date Nevada (Spring) & Utah (Spring) | MGE | September HRS Wheat | $5.61/bushel | 0.23 |
| Wheat – Organic Practice October 31 Sales Closing Date Nevada (Spring) & Utah (Spring) | MGE | September HRS Wheat | $10.36/bushel | 0.23 |
| Wheat – Durum Type September 30 Sales Closing Date New Mexico | MGE | July HRS Wheat | $6.10/bushel | 0.21 |
| Wheat – Durum Type Organic Practice September 30 Sales Closing Date New Mexico | MGE | July HRS Wheat | $11.26/bushel | 0.21 |
1 Projected Prices are applicable for the Supplemental Coverage Option (SCO).
Margin Protection Plan
The following 2016 CY margin projected prices and volatility factors are approved for the Margin Protection Plan. 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 for each crop/county are available at the following web page on RMA’s public website: aibpf-rma.fpac.usda.gov/apps/ActuarialInformationBrowser/. Please see the following web page on RMA’s public website for program details: www.rma.usda.gov/policy-procedure/general-policies/margin-protection
| Crop/State(s)/Type | Exchange | Contract | Margin Projected Price | Volatility Factor |
|---|---|---|---|---|
| Corn – Grain Type Iowa | CBOT | December Corn | $3.98/bushel | 0.24 |
| Soybeans Iowa | CBOT | November Soybeans | $8.75/bushel | 0.18 |
| Wheat – Hard Red Spring Type Minnesota, Montana, North Dakota & South Dakota | MGE | September HRS Wheat | $5.61/bushel | 0.23 |
Malting Barley Endorsement
The Malting Barley Endorsement (MBE) utilizes a Chicago Board of Trade (CBOT) soft red wheat price component to derive the projected price for any insured whose malt barley contract provides for a premium amount above or below a base price to be determined, and the base price is not determined by the acreage reporting date. Please see the MBE for details:
www.rma.usda.gov/policy-procedure/crop-policies/malting-barley-endorsement-16-0091b.pdf
| Malt Barley Type | Exchange | Contract | Projected Price | Volatility Factor |
|---|---|---|---|---|
| Fall Planted Type | CBOT | September SRW Wheat | $5.13/bushel | 0.25 |
DISPOSAL DATE
December 31, 2015