PRODUCT MANAGEMENT BULLETIN: PM17-048




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

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
Common Crop Insurance Policy
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 & Virginia
 ICE  July
Canola
 $0.187/pound  0.13
 Canola – Rapeseed Type
Illinois, Indiana, Kentucky, North Carolina, Oklahoma, South Carolina, Tennessee,
& Virginia
 ICE  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

Projected Prices and Volatility Factors are applicable for the Supplemental Coverage Option (SCO).

 

 

December 31, 2017

USDA is an Equal Opportunity Employer and Provider