PRODUCT MANAGEMENT BULLETIN: PM–16-062
United States Department of Agriculture
Farm and Foreign Agricultural Services
Risk Management Agency
1400 Independence Avenue, SW
Stop 0801
Washington, DC 20250-0801
Date
December 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:
Richard H. Flournoy, Deputy Administrator /s/ Richard H. Flournoy 12/1/2016
Subject:
2016 Crop Year (CY) Common Crop Insurance Policy and Area Risk Protection Insurance Harvest Prices Announcement
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Common Crop Insurance Policy & Area Risk Protection Insurance 1,2 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, practices, sales closing dates and states indicated in the following table.
DISPOSAL DATECrop/Practice/Sales Closing Date/State Exchange Contract Harvest Price Corn
March 15 Sales Closing Date
Idaho, Michigan, Oregon & Washington
CBOT
December Corn $3.45/bushel Corn - Organic Practice
March 15 Sales Closing Date
Idaho, Michigan, Oregon & Washington
CBOT
December Corn
$7.53/bushel Cotton
March 15 Sales Closing Date
Kansas, New Mexico & Oklahoma
ICE
December Cotton
$0.71/pound Cotton - Organic Practice
March 15 Sales Closing Date
Kansas, New Mexico & Oklahoma
ICE
December Cotton
$1.31/pound Popcorn
March 15 Sales Closing Date
Michigan
CBOT
December Corn
$0.1518/pound Popcorn - Organic Practice
March 15 Sales Closing Date
Michigan
CBOT
December Corn
$0.2187/pound Soybeans
February 28 Sales Closing Date
Alabama, Florida, Georgia, North Carolina & South Carolina
CBOT
January (2017) Soybeans $10.07/bushel Soybeans - Organic Practice
February 28 Sales Closing Date
Alabama, Florida, Georgia, North Carolina & South Carolina
CBOT
January (2017) Soybeans $19.17/bushel Soybeans
March 15 Sales Closing Date
Delaware, Maryland, Oklahoma, Virginia & West Virginia
CBOT
January (2017) Soybeans $10.07/bushel Soybeans - Organic Practice
March 15 Sales Closing Date
Delaware, Maryland, Oklahoma, Virginia & West Virginia
CBOT
January (2017) Soybeans $19.17/bushel 1 Harvest Prices are applicable for the Supplemental Coverage Option (SCO).
2 Harvest Prices are applicable for Stacked Income Protection (STAX) cotton policies.
December 31, 2016