INFORMATIONAL MEMORANDUM: PM16-012




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

Date

February 18, 2016

To:

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

From:

Tim B. Witt /s/ Tim B. Witt    2/18/2016

Subject:

2016 Margin Protection Plan Projected Prices and Volatility Factors
Margin Protection Plan

The following 2016 CY margin projected prices and volatility factors are approved for Margin Protection Plan for rice offers with a February 28 sales closing date. The margin projected price is used in conjunction with projected input prices and the expected county yield to derive the expected margin (per acre), trigger margin (per acre) and liability. The expected margins for each crop/county are available at the following web page on RMA’s public website: Actuarial Information Browser

Please see the following web page on RMA’s public website for program details: Policies Index


Crop/Type Exchange Contract

Margin
Projected
Price

Volatility
Factor

Rice - Long Grain Type &
No Type Specified

Arkansas, Mississippi, Texas

CBOT

September*
Rice

$0.177/pound .15
 Rice - Medium & Short Grain Types Arkansas, Mississippi, Texas CBOT September* Rice $0.133/pound .15
Rice - Long Grain Type & No Type Specified Missouri CBOT September* Rice $0.117/pound .16
Rice - Medium & Short Grain Types Missouri CBOT September* Rice $0.133/pound .16
Rice - Long Grain Type & No Type Specified California CBOT September* Rice $0.117/pound .16
Rice - Medium & Short Grain Types California  CBOT September* Rice $0.165/pound .16
Rice - Long Grain Type & No Type Specified Louisiana  CBOT September* Rice $0.117/pound .13
Rice - Medium & Short Grain Types Louisiana CBOT September* Rice $0.133/pound .13
*For Margin Projected Prices, the September contract was used in lieu of the November contract due to low open interest.

DISPOSAL DATE
December 31, 2016

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