PRODUCT MANAGEMENT BULLETIN: PM17-057




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

Date

October 02, 2017

To:

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

From:

Richard H. Flournoy Deputy Administrator /s/ Richard H. Flournoy    10/2/2017

Subject:

2017 Crop Year (CY) Common Crop Insurance Policy, Area Risk Protection Insurance and Margin Protection Plan Harvest Prices Announcement
Background
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 – 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
March 15 Sales Closing Date
Alaska
 CBOT  December
Corn
 $3.83/bushel
 Barley – Organic Practice
March 15 Sales Closing Date
Alaska
  CBOT
 December
Corn
 $8.20/bushel
 Barley
March 15 Sales Closing Date
California
 CBOT  December
Corn
 $3.09/bushel
 Barley – Organic Practice
March 15 Sales Closing Date
California
 CBOT  December
Corn
 $6.61/bushel
 Canola
August 31 Sales Closing Date
Idaho (Spring Type(s)),
Oregon (Spring Type(s))
& Washington (Spring Type(s))
ICE  November
Canola
 $0.182/pound
 Canola – Rapeseed Type*
August 31 Sales Closing Date
Idaho (Spring Type(s)),
Oregon (Spring Type(s))
& Washington (Spring Type(s))
*Harvest Price is set equal to Projected Price.
 ICE  November
Canola
 $0.247/pound
 Canola
March 15 Sales Closing Date
Idaho (Spring Type(s)), Minnesota, Montana,
North Dakota, Oregon (Spring Type(s))
& Washington (Spring Type(s))
 ICE  November
Canola
 $0.182/pound
 Canola – Rapeseed Type*
March 15 Sales Closing Date
Idaho (Spring Type), Montana,
North Dakota, Oregon (Spring Type(s))
& Washington (Spring Type(s))
*Harvest Price is set equal to Projected Price.
 ICE  November
Canola
 $0.247/pound
 Corn
February 15 Sales Closing Date
Texas
 CBOT  December
Corn
 Corn
$3.54/bushel
 Corn – Organic Practice
February 15 Sales Closing Date
Texas
 CBOT  December
Corn
 $8.10/bushel
 Corn
February 28 Sales Closing Date
North Carolina
 CBOT  December
Corn
 $3.54/bushel
 Corn – Organic Practice
February 28 Sales Closing Date
North Carolina
 CBOT  December
Corn
 $8.10/bushel
 Corn
March 15 Sales Closing Date
Oklahoma & Texas
 CBOT  December
Corn
 $3.54/bushel
 Corn – Organic Practice
March 15 Sales Closing Date
Oklahoma & Texas
 CBOT  December
Corn
 $8.10/bushel
 Cotton
January 31 Sales Closing Date
Texas
 ICE  December
Cotton
 $0.70/pound
 Cotton – Organic Practice
January 31 Sales Closing Date
Texas
 ICE  December
Cotton
 $1.10/pound
Grain Sorghum
February 15 Sales Closing Date
Texas
 CBOT  December
Corn
 $3.42/bushel
 Grain Sorghum – Organic Practice
February 15 Sales Closing Date
Texas
 CBOT  December
Corn
 $5.04/bushel
 Grain Sorghum
February 28 Sales Closing Date
Arkansas, Louisiana & Mississippi
 CBOT  December
Corn
 $3.42/bushel
 Grain Sorghum – Organic Practice
February 28 Sales Closing Date
Arkansas, Louisiana & Mississippi
 CBOT  December
Corn
 $5.04/bushel
Grain Sorghum
March 15 Sales Closing Date
Texas
 CBOT  December
Corn
 $3.42/bushel
 Grain Sorghum – Organic Practice
March 15 Sales Closing Date
Texas
 CBOT  December
Corn
 $5.04/bushel
 Rice - Long Grain Type & No Type Specified
February 15 Sales Closing Date
Florida
 CBOT  November
Rice
 $0.126/pound
 Rice - Long Grain Type & No Type Specified
Organic Practice
February 15 Sales Closing Date
Florida
 CBOT  November
Rice
 $0.169/pound
 Rice - Medium & Short Grain Types
February 15 Sales Closing Date
Florida
 CBOT  November
Rice
 $0.134/pound
 Rice - Medium & Short Grain Types
Organic Practice
February 15 Sales Closing Date
Florida
 CBOT  November
Rice
 $0.179/pound
 Rice - Long Grain Type & No Type Specified
February 28 Sales Closing Date
Arkansas, Mississippi & Texas
 CBOT  November
Rice
 $0.126/pound
 Rice - Long Grain Type & No Type Specified
Organic Practice
February 28 Sales Closing Date
Arkansas, Mississippi & Texas
 CBOT  November
Rice
 $0.169/pound
 Rice - Medium & Short Grain Types
February 28 Sales Closing Date
Arkansas, Mississippi & Texas
 CBOT  November
Rice
 $0.134/pound
 Rice - Medium & Short Grain Types
Organic Practice
February 28 Sales Closing Date
Arkansas, Mississippi & Texas
 CBOT  November
Rice
 $0.179/pound
 Soybeans
January 31 Sales Closing Date
Texas
 CBOT  November
Soybeans
 $9.66/bushel
 Soybeans – Organic Practice
January 31 Sales Closing Date
Texas
 CBOT  November
Soybeans
 $19.46/bushel

 

 Margin Protection Plan
The following 2017 CY margin harvest prices are approved for the Margin Protection Plan. Margin harvest prices are used in conjunction with harvest input prices and final county yields to derive the harvest margin. Please see the following web page on RMA’s public website for program details: www.rma.usda.gov/Policy-and-Procedure/Insurance-Plans/Margin-Protection-for-Corn-Rice-Soybeans-and-Wheat

 

 

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