PM-19-008
Common Crop Insurance Policy & Area Risk Protection Insurance 1
Common Crop Insurance Policy & Area Risk Protection Insurance 1
The CEPP peanut factors necessary to establish the insured’s amount of protection under the peanut program for the 2019 CY are identified below. The factors are applied to the commodity prices for wheat, cotton, soybean oil, and soybean meal during the discovery period of February 1, 2019, to February 28, 2019. These factors apply only to states with a Sales Closing Date (SCD) of March 15, 2019 and are determined in accordance with the Peanut Price Methodology guidelines.
The 2019 CY projected prices shown below are approved for the Yield Protection, Revenue Protection and Revenue Protection with Harvest Price Exclusion plans of insurance. The 2019 CY volatility factors shown below are approved for the Revenue Protection and Revenue Protection with Harvest Price Exclusion plans of insurance.
The 2018 CY harvest prices shown below are for the Revenue Protection and Revenue Protection with Harvest Price Exclusion plans of insurance. The harvest prices are applicable for the crops, types, and states with a March 15, 2018, sales closing date.
Michigan Dry Beans | Harvest Price ($ / pound) |
---|---|
Type: Black | $0.30 |
Type: Pea (Navy) | $0.25 |
Type: Small Red | $0.30 |
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, practices, sales closing dates and states indicated in the following table.
The 2019 CY projected prices shown below are approved for the Yield Protection, Revenue Protection, and Revenue Protection with Harvest Price Exclusion plans of insurance. The 2019 CY volatility factors shown below are approved for the Revenue Protection and Revenue Protection with Harvest Price Exclusion plans of insurance. The projected prices and volatility factors are applicable for the crop, types, and states indicated in the following table.
The Federal Crop Insurance Corporation Board of Directors approved the Dairy Revenue Protection (DRP) Plan of Insurance on February 13, 2018. DRP is a privately developed product that was approved under section 508(h) of the Federal Crop Insurance Act.
The 2018 CY projected prices shown below are approved for the following plans of insurance: Yield Protection, Area Yield Protection, Revenue Protection, Area Revenue Protection, Revenue Protection with Harvest Price Exclusion, and Area Revenue Protection with the Harvest Price Exclusion.
Organic Rice Factor
Common Crop Insurance Policy & Area Risk Protection Insurance 1,2
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, practices, sales closing dates and states indicated in the following table.