Common Crop Insurance Policy & Area Risk Protection Insurance ¹
The 2017 CY projected prices shown below are approved for the following plans of insurance: Yield Protection, Area Yield Protection, Revenue Protection, Area Revenue Protection, Revenue Protection with Harvest Price Exclusion, and Area Revenue Protection - Harvest Price Exclusion. The 2017 CY volatility factors 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 projected prices and volatility factors apply to policies with a February 15 sales closing date and are applicable for the crops, types, practices and states indicated below:

 

Crop/Type/Practice/State	Exchange	Contract	Projected Price	Volatility Factor
Corn Texas	CBOT	December Corn	$3.89/bu.	0.17
Corn - Organic Practice Texas	CBOT	December Corn	$8.90/bu.	0.17
Grain Sorghum Texas	CBOT	December Corn	$3.76/bu.	0.17
Grain Sorghum - Organic Practice Texas	CBOT	December Corn	$5.54/bu.	0.17
Rice - Long Grain Type & No Type Specified Florida	CBOT	September2 Rice	$0.104/lb.	0.18
Rice - Long Grain Type & No Type Specified; Organic Practice Florida	CBOT	September2 Rice	$0.139/lb.	0.18
Rice - Medium & Short Grain Types Florida	CBOT	September2 Rice	$0.110/lb.	0.18
Rice - Medium & Short Grain Types; Organic Practice Florida	CBOT	September2 Rice	$0.148/lb.	0.18
1 Projected Prices and Volatility Factors are applicable for the Supplemental Coverage Option (SCO). 2 In accordance with the Commodity Exchange Price Provisions (CEPP), the CBOT September rice contract is used to derive the projected rice prices since the November contract lacks sufficient volume and open interest activity. See the relevant CEPP document for details: http://www.rma.usda.gov/policies/2016/16cepp.pdf

DISPOSAL DATE
December 31, 2017