PRODUCT MANAGEMENT BULLETIN: PM17-055




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

Date

September 15, 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    9/15/2017

Subject:

2017 Crop Year (CY) Common Crop Insurance Policy Harvest Prices and 2018 CY Common Crop Insurance Policy and Area Risk Protection Insurance Projected Prices and Volatility Factors
Common Crop Insurance Policy

The 2017 CY harvest prices shown below are approved for the following plans of insurance: Revenue Protection and Revenue Protection with Harvest Price Exclusion.
The harvest prices are applicable for the crop, sales closing date, states and practices indicated in the following table.

 

Crop/sales Closing Date/ State/ Practice
Exchange Contract Harvest Price
Corn
February 28 Sales Closing Date
Arkansas & Mississippi
 CBOT  December
Corn
 $3.57/bushel
Corn - Organic Practice
February 28 Sales Closing Date
Arkansas & Mississippi
 CBOT  December
Corn
 $8.17/bushel

 

 

Common Crop Insurance Policy & Area Risk Protection Insurance

The 2018 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 2018 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 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
Projected Price
Volatility Factor
Barley
September 30 Sales Closing Date
Colorado (Winter types), Delaware, Georgia, Illinois, Indiana, Kansas (Winter type), Kentucky, Maryland, Missouri, New Jersey, New Mexico,
North Carolina, Ohio, Oklahoma, South Carolina, Tennessee, Texas
& Virginia
 CBOT  July
Corn
 $3.24/bushel  0.15
Barley – Organic Practice
September 30 Sales Closing Date
Colorado (Winter types), Delaware, Georgia, Illinois, Indiana, Kansas (Winter type), Kentucky, Maryland, Missouri, New Jersey, New Mexico,
North Carolina, Ohio, Oklahoma, South Carolina, Tennessee, Texas
& Virginia
 CBOT  July
Corn
 $6.91/bushel  0.15
Barley
September 30 Sales Closing Date
New York (Winter type), Pennsylvania (Winter type) & West Virginia
 CBOT  September
Corn
 $3.29/bushel  0.17
Barley – Organic Practice
September 30 Sales Closing Date
New York (Winter type), Pennsylvania (Winter type) & West Virginia
 CBOT  September
Corn
 $7.02/bushel  0.17
Barley
September 30 Sales Closing Date
California (Winter types), Idaho (Winter types), Oregon (Winter types)
& Washington (Winter types)
 CBOT  September
Corn
 $3.29/bushel  0.18
 Barley – Organic Practice
September 30 Sales Closing Date
California (Winter types), Idaho (Winter types), Oregon (Winter types)
& Washington (Winter types)
 CBOT  September
Corn
 $7.02/bushel  0.18
 Barley
March 15 Sales Closing Date
California (Winter types w/o Winter Coverage Endorsement), Idaho (Winter types w/o Winter Coverage Endorsement), Oregon (Winter types w/o Winter Coverage Endorsement) & Washington (Winter types w/o Winter Coverage Endorsement)
 CBOT  September
Corn
 $3.29/bushel  0.18
Barley – Organic Practice
March 15 Sales Closing Date
California (Winter types w/o Winter Coverage Endorsement), Idaho (Winter types w/o Winter Coverage Endorsement), Oregon (Winter types w/o Winter Coverage Endorsement) & Washington (Winter types w/o Winter Coverage Endorsement)
 CBOT  September
Corn
 $7.02/bushel  0.18
Canola - Canola Type
September 30 Sales Closing Date
Alabama and Georgia
 ICE  July
Canola
 $0.187/pound  0.11
Canola - Rapeseed Type
September 30 Sales Closing Date
Alabama and Georgia
ICE  July
Canola
 $0.257/pound  0.00
Wheat
September 30 Sales Closing Date
Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi,
North Carolina, South Carolina & Tennessee
 CBOT  July
SRW Wheat
 $4.87/bushel  0.16
Wheat – Organic Practice
September 30 Sales Closing Date
Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi,
North Carolina, South Carolina & Tennessee
 CBOT  July
SRW Wheat
 $10.54/bushel  0.16
 Wheat
September 30 Sales Closing Date
Delaware, Illinois, Indiana, Iowa (Winter), Maryland, Michigan, Missouri,
New Jersey, New York, Ohio, Pennsylvania, Virginia & West Virginia
 CBOT  September
SRW Wheat
 $5.02/bushel  0.17
Wheat – Organic Practice
September 30 Sales Closing Date
Delaware, Illinois, Indiana, Iowa (Winter), Maryland, Michigan, Missouri,
New Jersey, New York, Ohio, Pennsylvania, Virginia & West Virginia
 CBOT  September
SRW Wheat
 $10.86/bushel  0.17
Wheat
September 30 Sales Closing Date
Wisconsin (Winter)
 CBOT  September
SRW Wheat
 $5.02/bushel  0.18
 Wheat – Organic Practice
September 30 Sales Closing Date
Wisconsin (Winter)
 CBOT  September
SRW Wheat
 $10.86/bushel  0.18
Wheat
September 30 Sales Closing Date
Kansas, New Mexico (Winter & Spring), Oklahoma & Texas (Winter & Spring)
 KCBT  July
HRW Wheat
 $4.87/bushel  0.16
Wheat – Organic Practice
September 30 Sales Closing Date
Kansas, New Mexico (Winter & Spring), Oklahoma & Texas (Winter & Spring)
 KCBT  July
HRW Wheat
 $10.54/bushel  0.16
 Wheat
September 30 Sales Closing Date
Colorado (Winter), Nebraska (Winter) & South Dakota (Winter)
 KCBT  September
HRW Wheat
 $5.08/bushel  0.16
 Wheat – Organic Practice
September 30 Sales Closing Date
Colorado (Winter), Nebraska (Winter) & South Dakota (Winter)
 KCBT  September
HRW Wheat
 $10.99/bushel  0.16
 Wheat
September 30 Sales Closing Date
Montana (Winter) & Wyoming (Winter)
 KCBT  September
HRW Wheat
 $5.08/bushel  0.17
Wheat – Organic Practice
September 30 Sales Closing Date
Montana (Winter) & Wyoming (Winter)
 KCBT  September
HRW Wheat
 $10.99/bushel  0.17
 Wheat
September 30 Sales Closing Date
California (Winter), Idaho (Winter), Oregon (Winter) & Washington (Winter)
 CBOT  September
SRW Wheat
with PME Adjustment
 $5.92/bushel  0.18
Wheat – Organic Practice
September 30 Sales Closing Date
California (Winter), Idaho (Winter), Oregon (Winter) & Washington (Winter)
 CBOT  September
SRW Wheat
with PME Adjustment
 $12.81/bushel  0.18
 Wheat
September 30 Sales Closing Date
Idaho (Spring), Oregon (Spring)* & Washington (Spring)
* The 2018 CY projected price for Klamath County, Oregon – Spring type will be derived at a later date, using a February 2018 projected price discovery period.
 MGE  September
HRS Wheat
 $6.30/bushel  0.30
 Wheat – Organic Practice
September 30 Sales Closing Date
Idaho (Spring), Oregon (Spring)* & Washington (Spring)
*
The 2018 CY projected price for Klamath County, Oregon – Spring type will be derived at a later date, using a February 2018 projected price discovery period.
 MGE  September
HRS Wheat
 $13.63/bushel  0.30
Wheat
October 31 Sales Closing Date
Nevada (Winter) & Utah (Winter)
 CBOT  September
SRW Wheat with PME Adjustment
 $5.92/bushel  0.18
 Wheat – Organic Practice
October 31 Sales Closing Date
Nevada (Winter) & Utah (Winter)
 CBOT  September
SRW Wheat with PME Adjustment
 $12.81/bushel  0.18
 Wheat
October 31 Sales Closing Date
Nevada (Spring) & Utah (Spring)
 MGE  September
HRS Wheat
 $6.30/bushel  0.30
 Wheat – Organic Practice
October 31 Sales Closing Date
Nevada (Spring) & Utah (Spring)
 MGE  September
HRS Wheat
 $13.63/bushel  0.30
 Wheat – Durum Type
September 30 Sales Closing Date
New Mexico
 MGE  July
HRS Wheat
 $7.71/bushel  0.19
 Wheat – Durum Type
Organic Practice
September 30 Sales Closing Date
New Mexico
 MGE  July
HRS Wheat
 $16.68/bushel  0.19

 

 

December 31, 2018

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