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Product Management Bulletin-PM-18-049

Date
To
All Approved Insurance Providers
All Risk Management Agency Field Offices
All Other Interested Parties
From
Richard H. Flournoy, Deputy Administrator
Subject
2018 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 Insurance1

The 2018 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 $4.59/bushel

Barley – Organic Practice March 15 Sales Closing Date Alaska

CBOT December Corn $9.80/bushel

Canola August 31 Sales Closing Date Idaho (Spring Type(s)), Oregon (Spring Type(s)) & Washington (Spring Type(s))

ICE November Canola $0.172/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 $0.264/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 $0.172/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 $0.264/pound

Corn February 15 Sales Closing Date Texas

CBOT December Corn $3.58/bushel

Corn – Organic Practice February 15 Sales Closing Date Texas

CBOT December Corn $8.20/bushel

Corn February 28 Sales Closing Date North Carolina

CBOT December Corn $3.58/bushel

Corn – Organic Practice February 28 Sales Closing Date North Carolina

CBOT December Corn $8.20/bushel

Corn March 15 Sales Closing Date Oklahoma & Texas

CBOT December Corn $3.58/bushel

Corn – Organic Practice March 15 Sales Closing Date Oklahoma & Texas

CBOT December Corn $8.20/bushel

Cotton January 31 Sales Closing Date Texas

ICE December Cotton $0.80/pound

Cotton – Organic Practice3 January 31 Sales Closing Date Texas

ICE December Cotton $1.20/pound

Grain Sorghum February 15 Sales Closing Date Texas

CBOT December Corn $3.46/bushel

Grain Sorghum – Organic Practice February 15 Sales Closing Date Texas

CBOT December Corn $7.47/bushel

Grain Sorghum February 28 Sales Closing Date Arkansas, Louisiana & Mississippi

CBOT December Corn $3.46/bushel

Grain Sorghum – Organic Practice February 28 Sales Closing Date Arkansas, Louisiana & Mississippi

CBOT December Corn $7.47/bushel

Grain Sorghum March 15 Sales Closing Date Texas

CBOT December Corn $3.46/bushel

Grain Sorghum – Organic Practice March 15 Sales Closing Date Texas

CBOT December Corn $7.47/bushel

Rice - Long Grain Type February 15 Sales Closing Date Florida

CBOT November Rice $0.103/pound

Rice - Long Grain Type Organic Practice February 15 Sales Closing Date Florida

CBOT November Rice $0.138/pound

Rice - Medium & Short Grain Types February 15 Sales Closing Date Florida

CBOT November Rice $0.113/pound

Rice - Medium & Short Grain Types Organic Practice February 15 Sales Closing Date Florida

CBOT November Rice $0.151/pound

Rice - Long Grain Type February 28 Sales Closing Date Arkansas, Mississippi & Texas

CBOT November Rice $0.103/pound

Rice - Long Grain Type Organic Practice February 28 Sales Closing Date Arkansas, Mississippi & Texas

CBOT November Rice $0.138/pound

Rice - Medium & Short Grain Types February 28 Sales Closing Date Arkansas, Mississippi & Texas

CBOT November Rice $0.113/pound

Rice - Medium & Short Grain Types Organic Practice February 28 Sales Closing Date Arkansas, Mississippi & Texas

CBOT November Rice $0.151/pound

Soybeans January 31 Sales Closing Date Texas

CBOT November Soybeans $8.39/bushel

Soybeans – Organic Practice January 31 Sales Closing Date Texas

Coverage is not available for the 2018 CY.

1Harvest Prices are applicable for the Supplemental Coverage Option (SCO). 2Harvest Prices are applicable for Stacked Income Protection (STAX) cotton policies. 3For the 2018 CY, organic coverage is not available for all counties covered by the January 31 sales closing date.

The following 2018 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 $0.103/pound
Rice - Medium & Short Grain Types February 28 Sales Closing Date Arkansas, Mississippi & Texas CBOT November Rice $0.113/pound

DISPOSAL DATE December 31, 2018