PRODUCT MANAGEMENT BULLETIN: PM17-059




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

Date

October 16, 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    10/16/2017

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 crops, types, practices, sales closing date, and states indicated in the following table.
 Crop/Type/Practice
Sales Closing Date/State
Exchange
Contract
Projected
Price
Volatility
Factor
 Barley
October 31 Sales Closing Date
Arizona & California
 CBOT  July
Corn
 $3.21/bushel  0.14
 Barley
Organic Practice
October 31 Sales Closing Date
Arizona & California
 CBOT  July
Corn
 $6.86/bushel  0.14
 Barley -Winter
October 31 Sales Closing Date
Nevada & Utah
 CBOT  September
Corn
 $3.27/bushel  0.16
 Barley -Winter
Organic Practice
October 31 Sales Closing Date
Nevada & Utah
 CBOT  September
Corn
 $6.99/bushel  0.16
 Wheat -Winter
October 31 Sales Closing Date
Arizona & California
 KCBT  July
HRW Wheat
 $4.90/bushel  0.15
 Wheat -Winter
Organic Practice
October 31 Sales Closing Date
Arizona & California
KCBT
 July
HRW Wheat
 $10.60/bushel  0.15
 Wheat - Durum
October 31 Sales Closing Date
Arizona & California
 MGE  July
HRS
Wheat
 $7.61/bushel  0.17
 Wheat – Durum
Organic Practice
October 31 Sales Closing Date
Arizona & California
 MGE  July
HRS
Wheat
 $16.47/bushel  0.17
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