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Product Management Bulletin-PM-17-057

Date
To
All Approved Insurance Providers
All Risk Management Agency Field Offices
All Other Interested Parties
From
Richard H. Flournoy, Deputy Administrator
Subject
2017 Crop Year (CY) Common Crop Insurance Policy, Area Risk Protection Insurance and Margin Protection Plan Harvest Prices Announcement
Common Crop Insurance Policy and Area Risk Protection Insurance 1

The 2017 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/Practice Exchange Contract Harvest Price
Barley March 15 Sales Closing Date Alaska CBOT December Corn $3.83/bushel
Barley – Organic Practice March 15 Sales Closing Date Alaska CBOT
December Corn $8.20/bushel
Barley March 15 Sales Closing Date California CBOT December Corn $3.09/bushel
Barley – Organic Practice March 15 Sales Closing Date California CBOT December Corn $6.61/bushel
Canola August 31 Sales Closing Date Idaho (Spring Type(s)), Oregon (Spring Type(s)) & Washington (Spring Type(s)) ICE November Canola $0.182/pound
Canola – Rapeseed Type* August 31 Sales Closing Date Idaho (Spring Type(s)), Oregon (Spring Type(s)) & Washington (Spring Type(s)) *Harvest Price is set equal to Projected Price. ICE November Canola $0.247/pound
Canola March 15 Sales Closing Date Idaho (Spring Type(s)), Minnesota, Montana, North Dakota, Oregon (Spring Type(s)) & Washington (Spring Type(s)) ICE November Canola $0.182/pound
Canola – Rapeseed Type* March 15 Sales Closing Date Idaho (Spring Type), Montana, North Dakota, Oregon (Spring Type(s)) & Washington (Spring Type(s)) *Harvest Price is set equal to Projected Price. ICE November Canola $0.247/pound
Corn February 15 Sales Closing Date Texas CBOT December Corn Corn $3.54/bushel
Corn – Organic Practice February 15 Sales Closing Date Texas CBOT December Corn $8.10/bushel
Corn February 28 Sales Closing Date North Carolina CBOT December Corn $3.54/bushel
Corn – Organic Practice February 28 Sales Closing Date North Carolina CBOT December Corn $8.10/bushel
Corn March 15 Sales Closing Date Oklahoma & Texas CBOT December Corn $3.54/bushel
Corn – Organic Practice March 15 Sales Closing Date Oklahoma & Texas CBOT December Corn $8.10/bushel
Cotton January 31 Sales Closing Date Texas ICE December Cotton $0.70/pound
Cotton – Organic Practice January 31 Sales Closing Date Texas ICE December Cotton $1.10/pound
Grain Sorghum February 15 Sales Closing Date Texas CBOT December Corn $3.42/bushel
Grain Sorghum – Organic Practice February 15 Sales Closing Date Texas CBOT December Corn $5.04/bushel
Grain Sorghum February 28 Sales Closing Date Arkansas, Louisiana & Mississippi CBOT December Corn $3.42/bushel
Grain Sorghum – Organic Practice February 28 Sales Closing Date Arkansas, Louisiana & Mississippi CBOT December Corn $5.04/bushel
Grain Sorghum March 15 Sales Closing Date Texas CBOT December Corn $3.42/bushel
Grain Sorghum – Organic Practice March 15 Sales Closing Date Texas CBOT December Corn $5.04/bushel
Rice - Long Grain Type & No Type Specified February 15 Sales Closing Date Florida CBOT November Rice $0.126/pound
Rice - Long Grain Type & No Type Specified Organic Practice February 15 Sales Closing Date Florida CBOT November Rice $0.169/pound
Rice - Medium & Short Grain Types February 15 Sales Closing Date Florida CBOT November Rice $0.134/pound
Rice - Medium & Short Grain Types Organic Practice February 15 Sales Closing Date Florida CBOT November Rice $0.179/pound
Rice - Long Grain Type & No Type Specified February 28 Sales Closing Date Arkansas, Mississippi & Texas CBOT November Rice $0.126/pound
Rice - Long Grain Type & No Type Specified Organic Practice February 28 Sales Closing Date Arkansas, Mississippi & Texas CBOT November Rice $0.169/pound
Rice - Medium & Short Grain Types February 28 Sales Closing Date Arkansas, Mississippi & Texas CBOT November Rice $0.134/pound
Rice - Medium & Short Grain Types Organic Practice February 28 Sales Closing Date Arkansas, Mississippi & Texas CBOT November Rice $0.179/pound
Soybeans January 31 Sales Closing Date Texas CBOT November Soybeans $9.66/bushel
Soybeans – Organic Practice January 31 Sales Closing Date Texas CBOT November Soybeans $19.46/bushel
1 Harvest Prices are applicable for the Supplemental Coverage Option (SCO).

Margin Protection Plan

The following 2017 CY margin harvest prices are approved for the Margin Protection Plan. Margin harvest prices are used in conjunction with harvest input prices and final county yields to derive the harvest margin. 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/State/Type Exchange Contract Margin Harvest Price
Rice - Long Grain Type & No Type Specified February 28 Sales Closing Date Arkansas, Mississippi & Texas CBOT November Rice $0.126/pound
Rice - Medium & Short Grain Types February 28 Sales Closing Date Arkansas, Mississippi & Texas CBOT November Rice $0.134/pound

DISPOSAL DATE December 31, 2017