PRODUCT MANAGEMENT BULLETIN: PM16-009




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

Date

February 01, 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    2/1/2016

Subject:

2016 Crop Year (CY) Common Crop Insurance Policy and Area Risk Protection Insurance Projected Prices and Volatility Factors
Common Crop Insurance Policy & Area Risk Protection Insurance 1

The 2016 CY projected prices shown below are approved for the Yield Protection, Area Yield Protection, Revenue Protection, Area Revenue Protection, Revenue Protection with Harvest Price Exclusion and Area Revenue Protection - Harvest Price Exclusion plans of insurance.  The 2016 CY volatility factors shown below are approved for the Revenue Protection, Area Revenue Protection, Revenue Protection with Harvest Price Exclusion and Area Revenue Protection - Harvest Price Exclusion plans of insurance. The projected prices and volatility factors apply to policies with a February 15 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 December - Corn $3.85/bu 0.18
Corn -Organic Practice CBOT December - Corn $8.40/bu 0.18
Grain Sorghum - Texas CBOT December - Corn $3.72/bu 0.18
Grain Sorghum - Organic Practice - Texas CBOT December - Corn $5.67/bu 0.18
Rice - Long Grain Type & No Type Specified Florida CBOT November - Rice $0.121/lb 0.14
Rice - Medium & Short Grain Types CBOT November - Rice $0.138/lb 0.14
Rice - Long Grain Type & No specified; Organic Practice -Florida CBOT November - RIce $0.162/lb 0.14
Rice - Medium & Short Types; Organic Practice CBOT November - Rice $0.185 0.14
1 Projected Prices and Volatility Factors are applicable for the Supplemental Coverage Option (SCO).

DISPOSAL DATE
December 31, 2016

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