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
Subject
2016 Crop Year (CY) Margin Protection Plan Projected Prices and Volatility Factors
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: webapp.rma.usda.gov/apps/actuarialinformationbrowser/.
Please see the following web page on RMA’s public website for program details: www.rma.usda.gov/Policy-and-Procedure/Insurance-Plans/Margin-Protection-for-Corn-Rice-Soybeans-and-Wheat.
| Crop/Type | Exchange | Contract | Margin Protection Price | Volatility Factor |
| Rice - Long Grain Type & No Type Specified Texas | CBOT | September Rice | $0.120/pound | 0.14 |
| Rice - Medium & Short Grain Types Texas | CBOT | September Rice | $0.136/pound | 0.14 |
Disposal Date December 31, 2016