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Product Management Bulletin-PM-15-058 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 1,2

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

Crop/Practice/Sales Closing Date/StateExchangeContractHarvest Price
Corn
March 15 Sales Closing Date
Idaho, Michigan, Oregon & Washington
CBOTDecember
Corn
$3.66/bushel
Corn - Organic Practice
March 15 Sales Closing Date
Idaho, Michigan, Oregon & Washington
CBOTDecember
Corn
$6.89/bushel
Cotton
March 15 Sales Closing Date
Kansas, New Mexico & Oklahoma
ICEDecember
Cotton
$0.62/pound
Cotton - Organic Practice
March 15 Sales Closing Date
Kansas, New Mexico & Oklahoma
ICEDecember
Cotton
$1.17/pound
Popcorn
March 15 Sales Closing Date
Michigan
CBOTDecember
Corn
$0.1577/pound
Popcorn - Organic Practice
March 15 Sales Closing Date
Michigan
CBOTDecember
Corn
$0.2273/pound
Soybeans
February 28 Sales Closing Date
Alabama, Florida, Georgia, North Carolina & South Carolina
CBOTJanuary
(2016)
Soybeans
$8.66/bushel
Soybeans - Organic Practice
February 28 Sales Closing Date
Alabama, Florida, Georgia, North Carolina & South Carolina
CBOTJanuary
(2016)
Soybeans
$15.10/bushel
Soybeans
March 15 Sales Closing Date
Delaware, Maryland, Oklahoma, Virginia & West Virginia
CBOTJanuary
(2016)
Soybeans
$8.66/bushel
Soybeans - Organic Practice
March 15 Sales Closing Date
Delaware, Maryland, Oklahoma, Virginia & West Virginia
CBOTJanuary
(2016)
Soybeans
$15.10/bushel

1 Harvest Prices are applicable for the Supplemental Coverage Option (SCO).
2 Harvest Prices are applicable for Stacked Income Protection (STAX) cotton policies.

DISPOSAL DATE
December 31, 2015