PRODUCT MANAGEMENT BULLETIN: PM–16-055
United States Department of Agriculture
Farm and Foreign Agricultural Services
Risk Management Agency
1400 Independence Avenue, SW
Stop 0801
Washington, DC 20250-0801
Date
To:
All Risk Management Agency Field Offices
All Other Interested Parties
From:
Subject:
-
Common Crop Insurance Policy & Area Risk Protection Insurance 1 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, types, practices, sales closing dates and states indicated in the following table.
Crop/Type/Practice/
Sales Closing Date/StateExchange Contract Harvest Price Corn
February 28 Sales Closing Date
Arizona, California & Nevada
CBOT
December Corn $3.49/bushel Corn - Organic Practice
February 28 Sales Closing Date
Arizona, California & Nevada
CBOT
December Corn $7.62/bushel Corn
March 15 Sales Closing Date
Colorado, Connecticut, Delaware, Illinois, Indiana, Iowa, Kansas, Kentucky, Maine, Maryland, Massachusetts, Minnesota, Missouri, Montana, Nebraska, New Hampshire, New Jersey, New Mexico, New York, North Dakota, Ohio, Pennsylvania, Rhode Island, South Dakota, Tennessee, Utah, Vermont, Virginia, West Virginia, Wisconsin & Wyoming
CBOT
December Corn
$3.49/bushel Corn – Organic Practice
March 15 Sales Closing Date
Colorado, Connecticut, Delaware, Illinois, Indiana, Iowa, Kansas, Kentucky, Maine, Maryland, Massachusetts, Minnesota, Missouri, Montana, Nebraska, New Hampshire, New Jersey, New Mexico, New York, North Dakota, Ohio, Pennsylvania, Rhode Island, South Dakota, Tennessee, Utah, Vermont, Virginia, West Virginia, Wisconsin & Wyoming
CBOT
December Corn
$7.62/bushel Corn – High Amylose
March 15 Sales Closing Date
Illinois, Indiana, Iowa, Kansas, Missouri, Nebraska & South Dakota
CBOT
December Corn
$4.89/bushel Cotton
February 28 Sales Closing Date
Alabama, Arizona, Arkansas, California, Florida, Georgia, Louisiana, Mississippi, North Carolina, South Carolina & Texas
ICE
December Cotton
$0.69/pound Cotton – Organic Practice
February 28 Sales Closing Date
Alabama, Arizona, Arkansas, California, Florida, Georgia, Louisiana, Mississippi, North Carolina, South Carolina & Texas
ICE
December Cotton
$1.29/pound Cotton
March 15 Sales Closing Date
Missouri, Tennessee, Texas & Virginia
ICE
December Cotton
$0.69/pound Cotton – Organic Practice
March 15 Sales Closing Date
Missouri, Tennessee, Texas & Virginia
ICE
December Cotton
$1.29/pound Grain Sorghum
February 28 Sales Closing Date
Arizona, California & North Carolina
CBOT
December Corn
$3.37/bushel Grain Sorghum – Organic Practice
February 28 Sales Closing Date
Arizona, California & North Carolina
CBOT
December Corn
$5.14/bushel Grain Sorghum
March 15 Sales Closing Date
Colorado, Delaware, Illinois, Indiana, Iowa, Kansas, Kentucky, Maryland, Missouri, Nebraska, New Jersey, New Mexico, New York, North Dakota, Ohio, Oklahoma, Pennsylvania, South Dakota, Tennessee, Virginia & Wisconsin
CBOT
December Corn
$3.37/bushel Grain Sorghum – Organic Practice
March 15 Sales Closing Date
Colorado, Delaware, Illinois, Indiana, Iowa, Kansas, Kentucky, Maryland, Missouri, Nebraska, New Jersey, New Mexico, New York, North Dakota, Ohio, Oklahoma, Pennsylvania, South Dakota, Tennessee, Virginia & Wisconsin
CBOT
December Corn
$5.14/bushel Peanuts – Runner Type
January 31 Sales Closing Date
Texas
CBOT/ ICE
December Wheat, Cotton, Soybean Oil & Soybean Meal
$0.2168/pound Peanuts – Spanish Type
January 31 Sales Closing Date
Texas
CBOT/ ICE
December Wheat, Cotton, Soybean Oil & Soybean Meal $0.3057/pound Peanuts – Runner Type
February 28 Sales Closing Date
Alabama, Arkansas, Florida, Georgia, Louisiana, Mississippi, North Carolina, South Carolina & Texas
CBOT/ ICE
December Wheat, Cotton, Soybean Oil & Soybean Meal $0.2105/pound Peanuts – Spanish Type
February 28 Sales Closing Date
Alabama, Arkansas, Florida, Georgia, Louisiana, Mississippi & Texas
CBOT/ ICE
December Wheat, Cotton, Soybean Oil & Soybean Meal $0.3011/pound Peanuts – Virginia Type
February 28 Sales Closing Date
Alabama, Florida, Georgia, Mississippi, North Carolina & South Carolina
CBOT/ ICE
December Wheat, Cotton, Soybean Oil & Soybean Meal $0.2547/pound Peanuts – Runner Type
March 15 Sales Closing Date
New Mexico, Oklahoma, Texas & Virginia
CBOT/ ICE
December Wheat, Cotton, Soybean Oil & Soybean Meal $0.2105/pound Peanuts – Spanish Type
March 15 Sales Closing Date
New Mexico, Oklahoma & Texas
CBOT/ ICE
December Wheat, Cotton, Soybean Oil & Soybean Meal $0.2946/pound Peanuts – Valencia Type
March 15 Sales Closing Date
New Mexico, Oklahoma & Texas
CBOT/ ICE
December Wheat, Cotton, Soybean Oil & Soybean Meal $0.2526/pound Peanuts – Virginia Type
March 15 Sales Closing Date
New Mexico, Oklahoma, Texas & Virginia
CBOT/ ICE
December Wheat, Cotton, Soybean Oil & Soybean Meal $0.2526/pound Popcorn
March 15 Sales Closing Date
Colorado, Illinois, Indiana, Iowa, Kentucky, Minnesota, Missouri, Nebraska, Ohio, South Dakota, Tennessee & Wisconsin
CBOT
December Corn $0.1536/pound Popcorn – Organic Practice
March 15 Sales Closing Date
Colorado, Illinois, Indiana, Iowa, Kentucky, Minnesota, Missouri, Nebraska, Ohio, South Dakota, Tennessee & Wisconsin
CBOT
December Corn $0.2213/pound Rice – Long Grain Type & No Type Specified
February 28 Sales Closing Date
California, Illinois, Missouri, Oklahoma & Tennessee
CBOT
November Rice $0.101/pound Rice – Long Grain Type & No Type Specified; Organic Practice
February 28 Sales Closing Date
California, Illinois, Missouri, Oklahoma & Tennessee
CBOT
November Rice $0.135/pound Rice – Medium & Short Grain Types
February 28 Sales Closing Date
Illinois, Missouri, Oklahoma & Tennessee
CBOT
November Rice $0.115/pound Rice – Medium & Short Grain Types; Organic Practice
February 28 Sales Closing Date
Illinois, Missouri, Oklahoma & Tennessee
CBOT
November Rice $0.155/pound Rice – Medium & Short Grain Types
February 28 Sales Closing Date
California
CBOT
November Rice $0.142/pound Rice – Medium & Short Grain Types; Organic Practice
February 28 Sales Closing Date
California
CBOT
November Rice $0.191/pound Soybeans
February 28 Sales Closing Date
Arkansas, Louisiana, Mississippi & Texas
CBOT
November Soybeans $9.75/bushel Soybeans – Organic Practice
February 28 Sales Closing Date
Arkansas, Louisiana, Mississippi & Texas
CBOT
November Soybeans $18.56/bushel Soybeans
March 15 Sales Closing Date
Colorado, Illinois, Indiana, Iowa, Kansas, Kentucky, Michigan, Minnesota, Missouri, Nebraska, New Jersey, New York, North Dakota, Ohio, Oregon, Pennsylvania, South Dakota, Tennessee, Texas, Vermont, Washington & Wisconsin
CBOT
November Soybeans
$9.75/bushel Soybeans – Organic Practice
March 15 Sales Closing Date
Colorado, Illinois, Indiana, Iowa, Kansas, Kentucky, Michigan, Minnesota, Missouri, Nebraska, New Jersey, New York, North Dakota, Ohio, Oregon, Pennsylvania, South Dakota, Tennessee, Texas, Vermont, Washington & Wisconsin
CBOT
November Soybeans
$18.56/bushel Sunflowers – Oil Type
March 15 Sales Closing Date
Colorado, Kansas, Minnesota, Montana, Nebraska, North Dakota, Oklahoma, South Dakota, Texas & Wyoming
CBOT
December Soybean Oil $0.182/pound Sunflowers – Oil Type; Organic Practice
March 15 Sales Closing Date
Colorado, Kansas, Minnesota, Montana, Nebraska, North Dakota, Oklahoma, South Dakota, Texas & Wyoming
CBOT
December Soybean Oil
$0.250/pound Sunflowers – Confectionary Type
March 15 Sales Closing Date
Colorado, Kansas, Minnesota, Montana, Nebraska, North Dakota, Oklahoma, South Dakota, Texas & Wyoming
CBOT
December Soybean Oil
$0.280/pound 1 Harvest Prices are applicable for the Supplemental Coverage Option (SCO).
2 Harvest Prices are applicable for Stacked Income Protection (STAX) cotton policiesMargin Protection Plan The following 2016 CY margin harvest prices are approved for the Margin Protection Plan. Margin harvest prices are used in conjunction with harvest input prices and final county yields to derive the harvest margin. Please see the following web page on RMA’s public website for program details: http://www.rma.usda.gov/policies/mp/index.html
Crop/State/Type Exchange Contract Margin Harvest Price Corn
September 30 Sales Closing Date
Iowa
CBOT
December Corn
$3.49/bushel Rice - Long Grain Type & No Type Specified
February 28 Sales Closing Date
California & Missouri
CBOT
November Rice $0.101/pound Rice - Medium & Short Grain Types
February 28 Sales Closing Date
California
CBOT
November Rice
$0.142/pound
Rice - Medium & Short Grain Types
February 28 Sales Closing Date
Missouri
CBOT
November Rice $0.115/pound Soybeans
September 30 Sales Closing Date
Iowa
CBOT
November Soybeans
$9.75/bushel DISPOSAL DATE
December 31, 2016