PRODUCT MANAGEMENT BULLETIN: PM17-051




1400 Independence Avenue, SW
Stop 0801
Washington, DC  20250-0801

Date

September 01, 2017

To:

All Approved Insurance Providers
All Risk Management Agency Field Offices
All Other Interested Parties

From:

Richard Flournoy Deputy Administrator /s/ Rodger M. Matthews    9/1/2017

Subject:

2017 Crop Year (CY) Common Crop Insurance Policy and Area Risk Protection Insurance Harvest Prices, Malting Barley Endorsement Harvest Price Components, and Margin Protection Plan Margin Harvest Prices Announcement
Common Crop Insurance Policy & Area Risk Protection Insurance

The 2017 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 with the Harvest Price Exclusion. The harvest prices are applicable for the crops, sales closing dates, states, types and practices indicated in the following table.

 Crop/Sales Closing Date/
State/Type/Practice
Exchange Contract Harvest Price
Barley
September 30 Sales Closing Date
Colorado (Spring Types),
Idaho (Winter & Spring Types),
Oregon (Winter & Spring Types)
& Washington (Winter & Spring Types)
 CBOT  September
Corn
 $3.08/bushel
 Barley – Organic Practice
September 30 Sales Closing Date
Colorado (Spring Types),
Idaho (Winter & Spring Types),
Oregon (Winter & Spring Types)
& Washington (Winter & Spring Types)
 CBOT  September
Corn
 $6.59/bushel
 Barley
October 31 Sales Closing Date
Nevada (Winter & Spring Types)
& Utah (Winter & Spring Types)
 CBOT  September
Corn
 $3.08/bushel
 Barley – Organic Practice
October 31 Sales Closing Date
Nevada (Winter & Spring Types)
& Utah (Winter & Spring Types)
 CBOT  September
Corn
 $6.59/bushel
 Barley
March 15 Sales Closing Date
Colorado (Spring Types), Idaho (Winter Types w/o Winter Coverage Endorsement & Spring Types), Maine, Michigan, Minnesota, Montana, Nevada,
North Dakota, Oregon (Winter Types w/o Winter Coverage Endorsement & Spring Types), South Dakota, Utah, Vermont, Washington (Winter Types w/o Winter Coverage Endorsement & Spring Types), Wisconsin & Wyoming
 CBOT  September Corn  $3.08/bushel
 Barley – Organic Practice
March 15 Sales Closing Date
Colorado (Spring Types), Idaho (Winter Types w/o Winter Coverage Endorsement & Spring Types), Maine, Michigan, Minnesota, Montana, Nevada,
North Dakota, Oregon (Winter Types w/o Winter Coverage Endorsement & Spring Types), South Dakota, Utah, Vermont, Washington (Winter Types w/o Winter Coverage Endorsement & Spring Types), Wisconsin & Wyoming
 CBOT  September Corn  $6.59/bushel
 Canola
August 31 Sales Closing Date
Idaho (Fall Type(s)), Oregon (Fall Type(s))
& Washington (Fall Type(s))
 ICE  November
Canola
 $0.181/pound
 Canola – Rapeseed Type*
August 31 Sales Closing Date
Idaho (Fall Type(s)), Oregon (Fall Type(s))
& Washington (Fall Type(s))
* Harvest Price is set equal to Projected Price.
 ICE  November
Canola
 $0.230/pound
 Corn
January 31 Sales Closing Date
Texas
 CBOT  September
Corn
 $3.53/bushel
 Corn – Organic Practice
January 31 Sales Closing Date
Texas
 CBOT  September
Corn
 $8.08/bushel
Corn
February 28 Sales Closing Date
Alabama, Florida, Georgia, Louisiana
& South Carolina
 CBOT  September
Corn
 $3.53/bushel
 Corn – Organic Practice
February 28 Sales Closing Date
Alabama, Florida, Georgia, Louisiana
& South Carolina
 CBOT  September
Corn
 $8.08/bushel
Grain Sorghum
January 31 Sales Closing Date
Texas
 CBOT  September
Corn
 $3.41/bushel
 Grain Sorghum – Organic Practice
January 31 Sales Closing Date
Texas
 CBOT  September
Corn
 $5.03/bushel
 Grain Sorghum
February 28 Sales Closing Date
Alabama, Florida, Georgia & South Carolina
 CBOT  December
Corn
 $3.55/bushel
 Grain Sorghum – Organic Practice
February 28 Sales Closing Date
Alabama, Florida, Georgia & South Carolina
 CBOT  December
Corn
 $5.23/bushel
 Popcorn
March 15 Sales Closing Date
Alabama
 CBOT  September
Corn
 $0.1518/pound
 Popcorn – Organic Practice
March 15 Sales Closing Date
Alabama
 CBOT  September Corn  $0.2185/pound
 Rice – Long Grain Type & No Type Specified
January 31 Sales Closing Date
Texas
 CBOT  September
Rice
 $0.123/pound
 Rice – Long Grain Type & No Type Specified;
Organic Practice
January 31 Sales Closing Date
Texas
 CBOT  September
Rice
 $0.165/pound
 Rice – Medium & Short Grain Types
January 31 Sales Closing Date
Texas
 CBOT  September
Rice
 $0.140/pound
 Rice – Medium & Short Grain Types;
Organic Practice
January 31 Sales Closing Date
Texas
 CBOT  September
Rice
 $0.188/pound
 Rice – Long Grain Type & No Type Specified
February 28 Sales Closing Date
Louisiana
 CBOT  September
Rice
 $0.123/pound
 Rice – Long Grain Type & No Type Specified;
Organic Practice
February 28 Sales Closing Date
Louisiana
 CBOT  September
Rice
 $0.165/pound
 Rice – Medium & Short Grain Types
February 28 Sales Closing Date
Louisiana
 CBOT  September
Rice
 $0.130/pound
 Rice – Medium & Short Grain Types;
Organic Practice
February 28 Sales Closing Date
Louisiana
 CBOT  September
Rice
 $0.175/pound
 Wheat
September 30 Sales Closing Date
Wisconsin (Winter)
 CBOT  September
SRW
Wheat
 $4.29/bushel
 Wheat – Organic Practice
September 30 Sales Closing Date
Wisconsin (Winter)
 CBOT  September
SRW
Wheat
 $8.94/bushel
 Wheat
September 30 Sales Closing Date
Montana (Winter) & Wyoming (Winter)
 KCBT  September
HRW Wheat
 $4.29/bushel
 Wheat – Organic Practice
September 30 Sales Closing Date
Montana (Winter) & Wyoming (Winter)
 KCBT  September
HRW Wheat
 $8.94/bushel
 Wheat
September 30 Sales Closing Date
California (Spring), Colorado (Spring),
Idaho (Spring), Iowa (Spring),
Montana (Spring & Khorasan),
Nebraska (Spring), Oregon (Spring),
South Dakota (Spring), Washington (Spring), Wisconsin (Spring) & Wyoming (Spring)
 MGE  September
HRS Wheat
 $6.76/bushel
 Wheat – Organic Practice
September 30 Sales Closing Date
California (Spring), Colorado (Spring),
Idaho (Spring), Iowa (Spring),
Montana (Spring & Khorasan),
Nebraska (Spring), Oregon (Spring),
South Dakota (Spring), Washington (Spring), Wisconsin (Spring) & Wyoming (Spring)
 MGE  September
HRS Wheat
 $14.09/bushel
 Wheat
October 31 Sales Closing Date
Nevada (Spring) & Utah (Spring)
 MGE  September
HRS
Wheat
 $6.76/bushel
 Wheat – Organic Practice
October 31 Sales Closing Date
Nevada (Spring) & Utah (Spring)
 MGE  September
HRS
Wheat
 $14.09/bushel
 Wheat
March 15 Sales Closing Date
Alaska, California (Spring), Colorado (Spring), Iowa (Spring), Maine, Minnesota, Montana (Spring & Khorasan), Nebraska (Spring),
North Dakota (Spring & Khorasan), Oregon [Klamath County] (Spring), South Dakota (Spring), Vermont, Wisconsin (Spring)
& Wyoming (Spring)
 MGE  September
HRS
Wheat
 $6.76/bushel
 Wheat – Organic Practice
March 15 Sales Closing Date
Alaska, California (Spring), Colorado (Spring), Iowa (Spring), Maine, Minnesota, Montana (Spring & Khorasan), Nebraska (Spring),
North Dakota (Spring & Khorasan), Oregon [Klamath County] (Spring), South Dakota (Spring), Vermont, Wisconsin (Spring)
& Wyoming (Spring)
 MGE  September
HRS
Wheat
 $14.09/bushel
 Wheat – Durum Type
March 15 Sales Closing Date
Montana (Durum), North Dakota (Durum)
& South Dakota (Durum)
 MGE  September
HRS
Wheat
 $7.63/bushel
 Wheat – Durum Type; Organic Practice
March 15 Sales Closing Date
Montana (Durum), North Dakota (Durum)
& South Dakota (Durum)
 MGE  September
HRS
Wheat
 $15.91/bushel
 Wheat
September 30 Sales Closing Date
California (Winter), Idaho (Winter),
Oregon (Winter) & Washington (Winter)
 PME  August Cash
SW Wheat
 $5.13/bushel
 Wheat – Organic Practice
September 30 Sales Closing Date
California (Winter), Idaho (Winter),
Oregon (Winter) & Washington (Winter)
 PME  August Cash
SW Wheat
 $10.70/bushel
 Wheat
October 31 Sales Closing Date
Nevada (Winter) & Utah (Winter)
 PME  August Cash
SW Wheat
 $5.13/bushel
 Wheat – Organic Practice
October 31 Sales Closing Date
Nevada (Winter) & Utah (Winter)
 PME  August Cash
SW Wheat
 $10.70/bushel

The Malting Barley Endorsement (MBE) utilizes a Chicago Board of Trade (CBOT) soft red winter wheat price component to derive the 2017 CY harvest price for any insured whose malt barley contract provides for a premium amount above or below a base price to be determined, and in which the base price is not determined by the acreage reporting date. Please see the MBE for details: www.rma.usda.gov/policies/2016/16-0091b.pdf

 Margin Protection Plan

Malting Barley Type
Exchange
Contract Harvest Price
Winter Planted Type
CBOT

September

SRW Wheat

$4.29/bushel
Spring Planted Type
CBOT
 September
SRW Wheat
 $4.29/bushel

 

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