PRODUCT MANAGEMENT BULLETIN: PM–16-053
United States Department of Agriculture
Farm and Foreign Agricultural Services
Risk Management Agency
1400 Independence Avenue, SW
Stop 0801
Washington, DC 20250-0801
Date
October 18, 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:
Richard H. Flournoy, Deputy Administrator /s/ Richard H. Flournoy 10/18/2016
Subject:
2017 Crop Year (CY) Common Crop Insurance Policy Projected Prices And Volatility Factors Announcement
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Common Crop Insurance Policy 1 The 2017 CY projected prices shown below are approved for the Yield Protection, Revenue Protection, and Revenue Protection with Harvest Price Exclusion plans of insurance. The 2017 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 crops, types, practices, sales closing date, and states indicated in the following table.
Crop/Type/Practice
Sales Closing Date/StateExchange Contract
Projected
PriceVolatility
FactorBarley
October 31 Sales Closing Date
Arizona & California
CBOT
July
Corn
$3.17/bushel 0.18 Barley Organic Practice
October 31 Sales Closing Date
Arizona & California
CBOT
July
Corn
$6.77/bushel 0.18 Barley - Winter
October 31 Sales Closing Date
Nevada & Utah
CBOT
September
Corn
$3.23/bushel 0.20 Barley - Winter Organic Practice
October 31 Sales Closing Date
Nevada & Utah
CBOT
September
Corn
$6.90/bushel 0.20
Wheat - Winter
October 31 Sales Closing Date
Arizona & California
KCBT
July
HRW Wheat
$4.51/bushel 0.18
Wheat - Winter Organic Practice
October 31 Sales Closing Date
Arizona & California
KCBT
July
HRW Wheat
$9.40/bushel 0.18
Wheat - Durum
October 31 Sales Closing Date
Arizona & California
MGE
July
HRS Wheat$5.98/bushel 0.16
Wheat – Durum Organic Practice
October 31 Sales Closing Date
Arizona & California
MGE
July
HRS Wheat$12.47/bushel 0.16
1 Projected Prices and Volatility Factors are applicable for the Supplemental Coverage Option (SCO).
DISPOSAL DATE
December 31, 2016