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Product Management Bulletin-PM-20-076

Date
To
All Approved Insurance Providers
All Risk Management Agency Field Offices
All Other Interested Parties
From
Richard H. Flournoy, Deputy Administrator
Subject
2020 Crop Year (CY) Common Crop Insurance Policy, Area Risk Protection Insurance and Margin Protection Harvest Prices Announcement

Common Crop Insurance Policy & Area Risk Protection Insurance 1, 2

The 2020 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, types, practices, sales closing dates and states indicated in the following table.

Crop/Type/Practice/ Sales Closing Date/State Exchange Contract Harvest Price
Corn February 28 Sales Closing Date Arizona, California & Nevada CBOT December Corn $3.99/bushel
Corn - Organic Practice February 28 Sales Closing Date Arizona, California & Nevada CBOT December Corn $8.91/bushel
Corn March 15 Sales Closing Date Colorado, Connecticut, Delaware, Illinois, Indiana, Iowa, Kansas, Kentucky, Maine, Maryland, Massachusetts, Minnesota, Missouri, Montana, Nebraska, New Hampshire, New Jersey, New Mexico, New York, North Dakota, Ohio, Pennsylvania, Rhode Island, South Dakota, Tennessee, Utah, Vermont, Virginia, West Virginia, Wisconsin & Wyoming CBOT December Corn $3.99/bushel
Corn – Organic Practice March 15 Sales Closing Date Colorado, Connecticut, Delaware, Illinois, Indiana, Iowa, Kansas, Kentucky, Maine, Maryland, Massachusetts, Minnesota, Missouri, Montana, Nebraska, New Hampshire, New Jersey, New Mexico, New York, North Dakota, Ohio, Pennsylvania, Rhode Island, South Dakota, Tennessee, Utah, Vermont, Virginia, West Virginia, Wisconsin & Wyoming CBOT December Corn $8.91/bushel
Corn – High Amylose March 15 Sales Closing Date Illinois, Indiana, Iowa, Kansas, Missouri, Nebraska & South Dakota CBOT December Corn $5.59/bushel
Cotton February 28 Sales Closing Date Alabama, Arizona, Arkansas, California, Florida, Georgia, Louisiana, Mississippi, North Carolina, South Carolina & Texas ICE December Cotton $0.69/pound
Cotton – Organic Practice February 28 Sales Closing Date Alabama, Arizona, Arkansas, California, Florida, Georgia, Louisiana, Mississippi, North Carolina, South Carolina & Texas ICE December Cotton $1.07/pound
Cotton March 15 Sales Closing Date Missouri, Tennessee, Texas & Virginia ICE December Cotton $0.69/pound
Cotton – Organic Practice March 15 Sales Closing Date Missouri, Tennessee, Texas & Virginia ICE December Cotton $1.07/pound
Grain Sorghum February 28 Sales Closing Date Arizona, California & North Carolina CBOT December Corn $3.79/bushel
Grain Sorghum – Organic Practice February 28 Sales Closing Date Arizona, California & North Carolina CBOT December Corn $8.32/bushel
Grain Sorghum March 15 Sales Closing Date Colorado, Delaware, Illinois, Indiana, Iowa, Kansas, Kentucky, Maryland, Minnesota, Missouri, Nebraska, New Jersey, New Mexico, New York, North Dakota, Ohio, Oklahoma, Pennsylvania, South Dakota, Tennessee, Virginia & Wisconsin CBOT December Corn $3.79/bushel
Grain Sorghum – Organic Practice March 15 Sales Closing Date Colorado, Delaware, Illinois, Indiana, Iowa, Kansas, Kentucky, Maryland, Minnesota, Missouri, Nebraska, New Jersey, New Mexico, New York, North Dakota, Ohio, Oklahoma, Pennsylvania, South Dakota, Tennessee, Virginia & Wisconsin CBOT December Corn $8.32/bushel
Peanuts – Runner Type January 31 Sales Closing Date Texas CBOT/ ICE December Wheat, Cotton, Soybean Oil & Soybean Meal $0.2043/pound
Peanuts – Spanish Type January 31 Sales Closing Date Texas CBOT/ ICE December Wheat, Cotton, Soybean Oil & Soybean Meal $0.2717/pound
Peanuts – Runner Type February 28 Sales Closing Date Alabama, Arkansas, Florida, Georgia, Louisiana, Mississippi, North Carolina, South Carolina & Texas CBOT/ ICE December Wheat, Cotton, Soybean Oil & Soybean Meal $0.1969/pound
Peanuts – Spanish Type February 28 Sales Closing Date Alabama, Arkansas, Florida, Georgia, Louisiana, Mississippi & Texas CBOT/ ICE December Wheat, Cotton, Soybean Oil & Soybean Meal $0.2717/pound
Peanuts – Virginia Type February 28 Sales Closing Date Alabama, Florida, Georgia, Mississippi, North Carolina & South Carolina CBOT/ ICE December Wheat, Cotton, Soybean Oil & Soybean Meal $0.2146/pound
Peanuts – Runner Type March 15 Sales Closing Date New Mexico, Oklahoma, Texas & Virginia CBOT/ ICE December Wheat, Cotton, Soybean Oil & Soybean Meal $0.2032/pound
Peanuts – Spanish Type March 15 Sales Closing Date New Mexico, Oklahoma & Texas CBOT/ ICE December Wheat, Cotton, Soybean Oil & Soybean Meal $0.2804/pound
Peanuts – Valencia Type March 15 Sales Closing Date New Mexico, Oklahoma & Texas CBOT/ ICE December Wheat, Cotton, Soybean Oil & Soybean Meal $0.2357/pound
Peanuts – Virginia Type March 15 Sales Closing Date New Mexico, Oklahoma, Texas & Virginia CBOT/ ICE December Wheat, Cotton, Soybean Oil & Soybean Meal $0.2357/pound
Popcorn March 15 Sales Closing Date Colorado, Illinois, Indiana, Iowa, Kentucky, Minnesota, Missouri, Nebraska, Ohio, South Dakota, Tennessee & Wisconsin CBOT December Corn $0.1716/pound
Popcorn – Organic Practice March 15 Sales Closing Date Colorado, Illinois, Indiana, Iowa, Kentucky, Minnesota, Missouri, Nebraska, Ohio, South Dakota, Tennessee & Wisconsin CBOT December Corn $0.2470/pound
Rice – Long Grain Type & No Type Specified February 28 Sales Closing Date California, Oklahoma & Tennessee CBOT November Rice $0.124/pound
Rice – Long Grain Type & No Type Specified; Organic Practice February 28 Sales Closing Date California, Oklahoma & Tennessee CBOT November Rice $0.166/pound
Rice – Medium & Short Grain Types February 28 Sales Closing Date Oklahoma & Tennessee CBOT November Rice $0.151/pound
Rice – Medium & Short Grain Types; Organic Practice February 28 Sales Closing Date Oklahoma & Tennessee CBOT November Rice $0.202/pound
Rice – Medium & Short Grain Types February 28 Sales Closing Date California CBOT November Rice $0.207/pound
Rice – Medium & Short Grain Types; Organic Practice February 28 Sales Closing Date California CBOT November Rice $0.278/pound
Rice – Long Grain Type & No Type Specified March 15 Sales Closing Date Illinois & Missouri CBOT November Rice $0.124/pound
Rice – Long Grain Type & No Type Specified; Organic Practice March 15 Sales Closing Date Illinois & Missouri CBOT November Rice $0.166/pound
Rice – Medium & Short Grain Types March 15 Sales Closing Date Illinois & Missouri CBOT November Rice $0.151/pound
Rice – Medium & Short Grain Types; Organic Practice March 15 Sales Closing Date Illinois & Missouri CBOT November Rice $0.202/pound
Soybeans February 28 Sales Closing Date Arkansas, Louisiana, Mississippi & Texas CBOT November Soybeans $10.55/bushel
Soybeans – Organic Practice February 28 Sales Closing Date Arkansas, Louisiana, Mississippi & Texas CBOT November Soybeans $20.74/bushel
Soybeans March 15 Sales Closing Date Colorado, Illinois, Indiana, Iowa, Kansas, Kentucky, Michigan, Minnesota, Missouri, Nebraska, New Jersey, New York, North Dakota, Ohio, Oregon, Pennsylvania, South Dakota, Tennessee, Texas, Vermont, Washington & Wisconsin CBOT November Soybeans $10.55/bushel
Soybeans – Organic Practice March 15 Sales Closing Date Colorado, Illinois, Indiana, Iowa, Kansas, Kentucky, Michigan, Minnesota, Missouri, Nebraska, New Jersey, New York, North Dakota, Ohio, Oregon, Pennsylvania, South Dakota, Tennessee, Texas, Vermont, Washington & Wisconsin CBOT November Soybeans $20.74/bushel
Sunflowers – Oil Type March 15 Sales Closing Date Colorado, Kansas, Minnesota, Montana, Nebraska, North Dakota, Oklahoma, South Dakota, Texas & Wyoming CBOT December Soybean Oil $0.176/pound
Sunflowers – Oil Type; Organic Practice March 15 Sales Closing Date Colorado, Kansas, Minnesota, Montana, Nebraska, North Dakota, Oklahoma, South Dakota, Texas & Wyoming CBOT December Soybean Oil $0.315/pound
Sunflowers – Confectionary Type March 15 Sales Closing Date Colorado, Kansas, Minnesota, Montana, Nebraska, North Dakota, Oklahoma, South Dakota, Texas & Wyoming CBOT December Soybean Oil $0.236/pound
Sunflowers – Confectionary Type; Organic Practice March 15 Sales Closing Date Colorado, Kansas, Minnesota, Montana, Nebraska, North Dakota, Oklahoma, South Dakota, Texas & Wyoming CBOT December Soybean Oil $0.315/pound

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

Margin Protection

The following 2020 CY margin harvest prices are approved for the Margin Protection plan of insurance. 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/en/Policy-and-Procedure/Insurance-Plans/Margin-Protection-for-Corn-Rice-Soybeans-and-Wheat

Crop/State/Type Exchange Contract Margin Harvest Price
Corn September 30 Sales Closing Date All States CBOT December Corn $3.99/bushel
Rice - Long Grain Type & No Type Specified February 28 Sales Closing Date California & Missouri CBOT November Rice $0.124/pound
Rice - Medium & Short Grain Types February 28 Sales Closing Date California CBOT November Rice $0.207/pound
Rice - Medium & Short Grain Types February 28 Sales Closing Date Missouri CBOT November Rice $0.151/pound
Soybeans September 30 Sales Closing Date All States CBOT November Soybeans $10.55/bushel

DISPOSAL DATE December 31, 2020