PRODUCT MANAGEMENT BULLETIN: PM–16-037
United States Department of Agriculture
Farm and Foreign Agricultural Services
Risk Management Agency
1400 Independence Avenue, SW
Stop 0801
Washington, DC 20250-0801
Date
July 01, 2016
To:
All Approved Insurance Providers
All Risk Management Agency Field Offices
All Other Interested Parties
All Risk Management Agency Field Offices
All Other Interested Parties
From:
Thomas W. Worth, Acting Deputy Administrator /s/ Rodger M. Matthews, for. 7/1/2016
Subject:
2016 Crop Year (CY) Common Crop Insurance Policy and Area Risk Protection Insurance Harvest Prices Announcement
- Background
-
The 2016 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, sales closing dates, states, practices and types indicated in the following table.
Crop/Sales Closing Date/
States/Practice/TypeExchange Contract Harvest Price Barley
September 30 Sales Closing Date
Colorado (Winter Types), Delaware, Georgia, Illinois, Indiana, Kansas (Winter Types), Kentucky, Maryland, Missouri, New Jersey, New Mexico, North Carolina, Ohio, Oklahoma, South Carolina, Tennessee, Texas & Virginia
CBOT July Corn $3.59/bushel Barley – Organic Practice
September 30 Sales Closing Date
Colorado (Winter Types), Delaware, Georgia, Illinois, Indiana, Kansas (Winter Types), Kentucky, Maryland, Missouri, New Jersey, New Mexico, North Carolina, Ohio, Oklahoma, South Carolina, Tennessee, Texas & Virginia
CBOT
July Corn
$6.57/bushel
Barley
September 30 Sales Closing Date
Kansas (Spring Types)
CBOT
July Corn
$3.59/bushel Barley – Organic Practice
September 30 Sales Closing Date
Kansas (Spring Types)
CBOT
July Corn
$6.57/bushel Barley
October 31 Sales Closing Date
Arizona & California
CBOT
July Corn
$3.59/bushel Barley – Organic Practice
October 31 Sales Closing Date
Arizona & California
CBOT
July Corn
$6.57/bushel Barley
March 15 Sales Closing Date
Kansas (Spring Types)
CBOT
July Corn
$3.59/bushel
Barley – Organic Practice
March 15 Sales Closing Date
Kansas (Spring Types)CBOT
July Corn
$6.57/bushel
Canola
August 31 Sales Closing Date
Kansas, Oklahoma & TexasICE
July Canola
$0.177/pound Canola – Rapeseed Type*
August 31 Sales Closing Date
Oklahoma *Harvest Price is set equal to Projected Price.
ICE
July Canola
$0.208/pound Canola
September 30 Sales Closing Date
Alabama, Georgia, Kentucky, North Carolina, South Carolina & Tennessee
ICE
July Canola
$0.177/pound Canola – Rapeseed Type*
September 30 Sales Closing Date
Alabama, Georgia, Kentucky, North Carolina, South Carolina & Tennessee *Harvest Price is set equal to Projected Price.
ICE
July Canola
$0.198/pound Sunflowers – Oil Type
January 31 Sales Closing Date
Texas
CBOT
July Soybean Oil
$0.170/pound
Sunflowers – Organic Practice; Oil Type
January 31 Sales Closing Date
Texas
CBOT
July Soybean Oil
$0.230/pound
Sunflowers – Confectionary Type
January 31 Sales Closing Date
Texas
CBOT
July Soybean Oil
$0.268/pound
Wheat
September 30 Sales Closing Date
Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina & Tennessee
CBOT
July SRW Wheat
$4.75/bushel Wheat – Organic Practice
September 30 Sales Closing Date
Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina & Tennessee
CBOT
July SRW Wheat
$8.77/bushel Wheat
September 30 Sales Closing Date
Kansas, New Mexico, Oklahoma & Texas
KCBT
July HRW Wheat
$4.50/bushel Wheat – Organic Practice
September 30 Sales Closing Date
Kansas, New Mexico, Oklahoma & Texas
KCBT
July HRW Wheat
$8.31/bushel Wheat
October 31 Sales Closing Date
Arizona & California
KCBT
July HRW Wheat
$4.50/bushel Wheat – Organic Practice
October 31 Sales Closing Date
Arizona & California
KCBT
July HRW Wheat
$8.31/bushel Wheat – Durum Type
September 30 Sales Closing Date
New Mexico
MGE
July HRS Wheat
$5.86/bushel Wheat – Organic Practice; Durum Type
September 30 Sales Closing Date
New Mexico
MGE
July HRS Wheat
$10.81/bushel Wheat – Durum Type
October 31 Sales Closing Date
Arizona & California
MGE
July HRS Wheat
$5.86/bushel Wheat – Organic Practice/Durum Type
October 31 Sales Closing Date
Arizona & California
MGE
July HRS Wheat
$10.81/bushel 1 Harvest Prices are applicable for the Supplemental Coverage Option (SCO).
DISPOSAL DATE
December 31, 2016