1.  

PRODUCT MANAGEMENT BULLETIN: PM–16-003

United States Department of Agriculture


Farm and Foreign Agricultural Services


Risk Management Agency


1400 Independence Avenue, SW
Stop 0801
Washington, DC  20250-0801

Date

January 15, 2016

To:

All Approved Insurance Providers
All Risk Management Agency Field Offices
All Other Interested Parties

From:

Tim B. Witt Deputy Administrator /s/ Tim B. Witt    1/15/2016

Subject:

2016 Crop Year (CY) Common Crop Insurance Policy Projected Prices and Volatility Factors
Common Crop Insurance Policy 1

The 2016 CY projected prices shown below are approved for the Yield Protection, Revenue Protection and Revenue Protection with Harvest Price Exclusion plans of insurance. The 2016 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 apply to policies with a January 31 sales closing date and are applicable for the crops, types, practices and states indicated below:


Crop/Type/Practice/State Exchange Contract Projected Price Volatility Factor
Corn
Texas		 CBOT September
Corn		 $3.78/bu 0.18
Corn - Organic Practice
Texas		 CBOT September
Corn		 $8.25/bu 0.18
Cotton
Texas		 ICE December
Cotton		 $0.64/bu 0.14
Cotton - Organic Practice
Texas		 ICE December
Cotton		 $1.24/bu 0.14
Grain Sorghum
Texas		 CBOT September
Corn		 $3.65/bu 0.18
Grain Sorghum - Organic Practice
Texas		 CBOT September
Corn		 $5.57/bu 0.18
Peanuts - Runner Type
Texas		 CBOT/ICE December
Wheat, Cotton, Soybean Oil $ Soybean Meal		  $0.2085/bu 0.09
Peanuts - Spanish Type
Texas		 CBOT/ICE December
Wheat, Cotton, Soybean Oil & Soybean Meal		 $0.2939/bu 0.09
Rice - Long Grain Type & No Type Specified
Texas		 CBOT September
Rice		 $0.120/bu 0.14
Rice - Medium & Short Grain Types
Texas		 CBOT September
Rice		 $0.136/bu 0.14
Rice - Long Grain & No type Specified; Organic Practice
Texas		 CBOT September
Rice		 $0.161/bu 0.14
Rice - Medium & Short Grain
Texas		 CBOT September
Rice		 $0.182/lb 0.14
Sunflowers - Oil Type
Texas		 CBOT July
Soybean Oil		 $0.164/lb. 0.12
Sunflowers - Oil Type; Organic Practice
Texas		 CBOT July
Soybean Oil		 $0.230/lb. 0.12
Sunflowers - Confectionary Type All Practices
Texas		 CBOT July
Soybean Oil		 $0.260/lb 0.12

1 Projected Prices and Volatility Factors are applicable for Stacked Income Protection (STAX) and the Supplemental Coverage Option (SCO).

Disposal Date
December 31, 2016

USDA is an Equal Opportunity Employer and Provider

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