PRODUCT MANAGEMENT BULLETIN: PM–17-048
United States Department of Agriculture
Farm and Foreign Agricultural Services
Risk Management Agency
1400 Independence Avenue, SW
Stop 0801
Washington, DC 20250-0801
Date
August 16, 2017
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 Flournoy, Deputy Administrator /s/ Richard H. Flournoy 8/16/2017
Subject:
2018 Crop Year (CY) Common Crop Insurance Policy Projected Prices and Volatility Factors Announcement
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Common Crop Insurance Policy 1 The 2018 CY projected prices shown below are approved for the Yield Protection, Revenue Protection, and Revenue Protection with Harvest Price Exclusion plans of insurance. The 2018 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 crop, types, and states indicated in the following table.
Crop/Type/State
Exchange
Contract Projected Price
Volatility Factor
Canola – Canola Type
Illinois, Indiana, Kansas, Kentucky, North Carolina, Oklahoma, South Carolina, Tennessee, Texas & VirginiaICE July
Canola$0.187/pound 0.13 Canola – Rapeseed Type
Illinois, Indiana, Kentucky, North Carolina, Oklahoma, South Carolina, Tennessee, & VirginiaICE July
Canola$0.253/pound 0.00 Canola – Canola Type
Idaho (Fall), Oregon (Fall) & Washington (Fall)ICE November
Canola$0.175/pound 0.14 Canola – Rapeseed Type
Idaho (Fall), Oregon (Fall) & Washington (Fall)ICE November
Canola$0.246/pound 0.00 1Projected Prices and Volatility Factors are applicable for the Supplemental Coverage Option (SCO).
DISPOSAL DATE
December 31, 2017