INFORMATIONAL MEMORANDUM: PM17-061




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

Date

November 01, 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    11/1/2017

Subject:

2017 Crop Year (CY) Common Crop Insurance Policy, Area Risk Protection Insurance and Margin Protection Plan 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 – Harvest Price Exclusion. The harvest prices are applicable for the crops, types, practices, sales closing dates and states indicated in the following table.

Crop/Type/Practice/
Sales Closing Date/State
Exchange
 Contract Harvest Price
 Corn
February 28 Sales Closing Date
Arizona, California & Nevada
 CBOT  December
Corn
 $3.49/bushel
 Corn - Organic Practice
February 28 Sales Closing Date
Arizona, California & Nevada
 CBOT  December
Corn
 $7.99/bushel
 Corn
March 15 Sales Closing Date
Colorado, Connecticut, Delaware, Illinois, Indiana, Iowa, Kansas, Kentucky, Maine, Maryland, Massachusetts, Minnesota, Missouri, Montana, Nebraska,
New Hampshire, New Jersey, New Mexico, New York, North Dakota, Ohio, Pennsylvania, Rhode Island, South Dakota, Tennessee, Utah, Vermont, Virginia, West Virginia, Wisconsin & Wyoming
 CBOT  December
Corn
 $3.49/bushel
 Corn – Organic Practice
March 15 Sales Closing Date
Colorado, Connecticut, Delaware, Illinois, Indiana, Iowa, Kansas, Kentucky, Maine, Maryland, Massachusetts, Minnesota, Missouri, Montana, Nebraska, New Hampshire, New Jersey,
New Mexico, New York, North Dakota, Ohio, Pennsylvania, Rhode Island, South Dakota, Tennessee, Utah, Vermont, Virginia, West Virginia, Wisconsin & Wyoming
 CBOT  December
Corn
 $7.99/bushel
 Corn – High Amylose
March 15 Sales Closing Date
Illinois, Indiana, Iowa, Kansas, Missouri, Nebraska
& South Dakota
 CBOT  December
Corn
 $4.89/bushel
 Cotton
February 28 Sales Closing Date
Alabama, Arizona, Arkansas, California, Florida, Georgia, Louisiana, Mississippi, North Carolina, South Carolina & Texas
 ICE  December
Cotton
 $0.68/pound
 Cotton – Organic Practice
February 28 Sales Closing Date
Alabama, Arizona, Arkansas, California, Florida, Georgia, Louisiana, Mississippi, North Carolina, South Carolina & Texas
 ICE  December
Cotton
 $1.08/pound
 Cotton
March 15 Sales Closing Date
Missouri, Tennessee, Texas & Virginia
 ICE  December
Cotton
 $0.68/pound
 Cotton – Organic Practice
March 15 Sales Closing Date
Missouri, Tennessee, Texas & Virginia
 ICE  December
Cotton
 $1.08/pound
Grain Sorghum
February 28 Sales Closing Date
Arizona, California & North Carolina
 CBOT  December
Corn
 $3.37/bushel
 Grain Sorghum – Organic Practice
February 28 Sales Closing Date
Arizona, California & North Carolina
 CBOT  December
Corn
 $4.97/bushel
 Grain Sorghum
March 15 Sales Closing Date
Colorado, Delaware, Illinois, Indiana, Iowa, Kansas, Kentucky, Maryland, Missouri, Nebraska, New Jersey, New Mexico, New York,
North Dakota, Ohio, Oklahoma, Pennsylvania, South Dakota, Tennessee, Virginia & Wisconsin
 CBOT  December
Corn
 $3.37/bushel
 Grain Sorghum – Organic Practice
March 15 Sales Closing Date
Colorado, Delaware, Illinois, Indiana, Iowa, Kansas, Kentucky, Maryland, Missouri, Nebraska, New Jersey, New Mexico, New York,
North Dakota, Ohio, Oklahoma, Pennsylvania, South Dakota, Tennessee, Virginia & Wisconsin
 CBOT  December
Corn
 $4.97/bushel
 Peanuts – Runner Type
January 31 Sales Closing Date
Texas
 CBOT/
ICE
 December
Wheat, Cotton, Soybean Oil & Soybean Meal
 $0.1924/pound
 Peanuts – Spanish Type
January 31 Sales Closing Date
Texas
 CBOT/
ICE
 December
Wheat, Cotton, Soybean Oil & Soybean Meal
 $0.2520/pound
 Peanuts – Runner Type
February 28 Sales Closing Date
Alabama, Arkansas, Florida, Georgia, Louisiana, Mississippi, North Carolina, South Carolina
& Texas
 CBOT/
ICE
 December
Wheat, Cotton, Soybean Oil & Soybean Meal
 $0.1976/pound
 Peanuts – Spanish Type
February 28 Sales Closing Date
Alabama, Arkansas, Florida, Georgia, Louisiana, Mississippi & Texas
 CBOT/
ICE
 December
Wheat, Cotton, Soybean Oil & Soybean Meal
 $0.2588/pound
 Peanuts – Virginia Type
February 28 Sales Closing Date
Alabama, Florida, Georgia, Mississippi,
North Carolina & South Carolina
 CBOT/
ICE
 December
Wheat, Cotton, Soybean Oil & Soybean Meal
 $0.2193/pound
 Peanuts – Runner Type
March 15 Sales Closing Date
New Mexico, Oklahoma, Texas & Virginia
 CBOT/
ICE
 December
Wheat, Cotton, Soybean Oil & Soybean Meal
 $0.2192/pound
Popcorn
March 15 Sales Closing Date
Colorado, Illinois, Indiana, Iowa, Kentucky, Minnesota, Missouri, Nebraska, Ohio,
South Dakota, Tennessee & Wisconsin
 CBOT  December
Corn
 $0.1501/pound
 Popcorn – Organic Practice
March 15 Sales Closing Date
Colorado, Illinois, Indiana, Iowa, Kentucky, Minnesota, Missouri, Nebraska, Ohio,
South Dakota, Tennessee & Wisconsin
 CBOT  December
Corn
 $0.2160/pound
 Rice – Long Grain Type & No Type Specified February 28 Sales Closing Date
California, Illinois, Missouri, Oklahoma & Tennessee
 CBOT  November
Rice
 $0.119/pound
 Rice – Long Grain Type & No Type Specified; Organic Practice
February 28 Sales Closing Date
California, Illinois, Missouri, Oklahoma & Tennessee
 CBOT  November
Rice
 $0.159/pound
 Rice – Medium & Short Grain Types
February 28 Sales Closing Date
Illinois, Missouri, Oklahoma & Tennessee
 CBOT  November
Rice
 $0.126/pound
 Rice – Medium & Short Grain Types;
Organic Practice
February 28 Sales Closing Date
Illinois, Missouri, Oklahoma & Tennessee
 CBOT  November
Rice
 $0.169/pound
 Rice – Medium & Short Grain Types
February 28 Sales Closing Date
California
 CBOT  November
Rice
 $0.167/pound
 Rice – Medium & Short Grain Types;
Organic Practice
February 28 Sales Closing Date
California
 CBOT  November
Rice
 $0.224/pound
 Soybeans
February 28 Sales Closing Date
Arkansas, Louisiana, Mississippi & Texas
 CBOT  November
Soybeans
 $9.75/bushel
 Soybeans – Organic Practice
February 28 Sales Closing Date
Arkansas, Louisiana, Mississippi & Texas
 CBOT  November
Soybeans
 $19.64/bushel
 Soybeans
March 15 Sales Closing Date
Colorado, Illinois, Indiana, Iowa, Kansas, Kentucky, Michigan, Minnesota, Missouri, Nebraska, New Jersey,
New York, North Dakota, Ohio, Oregon, Pennsylvania, South Dakota, Tennessee, Texas, Vermont, Washington
& Wisconsin
 CBOT  November
Soybeans
$9.75/bushel
 Soybeans – Organic Practice
March 15 Sales Closing Date
Colorado, Illinois, Indiana, Iowa, Kansas, Kentucky, Michigan, Minnesota, Missouri, Nebraska, New Jersey,
New York, North Dakota, Ohio, Oregon, Pennsylvania,
South Dakota, Tennessee, Texas, Vermont, Washington
& Wisconsin
 CBOT  November
Soybeans
 $19.64/bushel
 Sunflowers – Oil Type
March 15 Sales Closing Date
Colorado, Kansas, Minnesota, Montana, Nebraska,
North Dakota, Oklahoma, South Dakota, Texas
& Wyoming
 CBOT  December
Soybean Oil
 $0.179/pound
 Sunflowers – Oil Type;
Organic Practice
March 15 Sales Closing Date
Colorado, Kansas, Minnesota, Montana, Nebraska,
North Dakota, Oklahoma, South Dakota, Texas
& Wyoming
 CBOT  December
Soybean Oil
 $0.288/pound
 Sunflowers – Confectionary Type
March 15 Sales Closing Date
Colorado, Kansas, Minnesota, Montana, Nebraska,
North Dakota, Oklahoma, South Dakota, Texas
& Wyoming
 CBOT  December
Soybean Oil
 $0.269/pound

 

 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

 

 Crop/State/Type Exchange
 Contract Margin Harvest Price
 Corn
September 30 Sales Closing Date
Iowa
 CBOT  December
Corn
 $3.49/bushel
 Rice - Long Grain Type & No Type Specified
February 28 Sales Closing Date
California & Missouri
 CBOT  November
Rice
 $0.119/pound
 Rice - Medium & Short Grain Types
February 28 Sales Closing Date
California
 CBOT  November
Rice
 $0.167/pound
 Rice - Medium & Short Grain Types
February 28 Sales Closing Date
Missouri
 CBOT  November
Rice
 $0.126/pound
 Soybeans
September 30 Sales Closing Date
Iowa
 CBOT  November
Soybeans
 $9.75/bushel
USDA is an Equal Opportunity Employer and Provider