PRODUCT MANAGEMENT BULLETIN: PM18-034




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

Date

July 02, 2018

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    7/2/2018

Subject:

2018 Crop Year (CY) Common Crop Insurance Policy and Area Risk Protection Insurance Harvest Prices Announcement
Common Crop Insurance Policy & Area Risk Protection Insurance

The 2018 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, practices and types indicated in the following table. 

Crop / Sales Closing Date / States / Practice / Type Exchange Contract Harvest Price

Barley

September 30 Sales Closing Date

Illinois, Indiana, Kansas (Winter Types) Kentucky, Maryland, Missouri, New Jersey, New Mexico, North Carolina, Ohio, Oklahoma, South Carolina, Tennessee, Texas, and Virginia

CBOT

July

Corn

$3.08/bushel

Barley - Organic Practice

September 30 Sales Closing Date

Colorado (Winter Types) Delaware, Georgia, Illinois, Indiana, Kansas (Winter Types) Kentucky, Maryland, Missouri, New Jersey, New Mexico, North Carolina, Ohio, Oklahoma, South Carolina, Tennessee, Texas, and Virginia

CBOT

July

Corn

$6.59/bushel

Barley

September 30 Sales Closing Date

Kansas (Spring Types)

CBOT

July

Corn

$3.08/bushel

Barley - Organic Practice

September 30 Sales Closing Date

Kansas (Spring Types)

CBOT

July

Corn

$6.59/bushel

Barley

October 31 Sales Closing Date

Arizona and California

CBOT

July

Corn

$3.08/bushel

Barley - Organic Practice

October 31 Sales Closing Date

Arizona and California

COBT

July

Corn

$6.59/bushel

Barley

March 15 Sales Closing Date

Kansas (Spring Types)

CBOT

July

Corn

$3.08/bushel

Barley - Organic Practice

March 15 Sales Closing Date

Kansas (Spring Types)

CBOT

July

Corn

$6.59/bushel

Canola

August 31 Sales Closing Date

Illinois, Indiana, Kansas, Kentucky, North Carolina, Oklahoma, South Carolina, Tennessee, Texas, and Virginia

ICE

July

Canola

$0.180/pound

Canola - Rapeseed Type2

August 31 Sales Closing Date

Illinois, Indiana, Kentucky, North Carolina, Oklahoma, South Carolina, Tennessee, and Virginia

ICE

July

Canola

$0.253/pound

Canola

September 30 Sales Closing Date

Alabama and Georgia

ICE

July

Canola

$0.180/pound

Canola - Rapeseed Type2

September 30 Sales Closing Date

Alabama and Georgia

ICE

July

Canola

$0.257/pound

Sunflowers - Oil Type

January 31 Sales Closing Date

Texas

CBOT

July

Soybean Oil

$0.159/pound

Sunflowers - Organic Practice; Oil Type

January 31 Sales Closing Date

Texas

CBOT

July

Soybean Oil

$0.285/pound

Sunflowers - Confectionary Type

January 31 Sales Closing Date

Texas

CBOT

July

Soybean Oil

$0.221/pound

Wheat

September 30 Sales Closing Date

Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, and Tennessee

CBOT

July

SRW Wheat

$5.01/bushel

Wheat - Organic Practice

September 30 Sales Closing Date

Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, and Tennessee

CBOT

July

SRW Wheat

$10.84/bushel

Wheat

September 30 Sales Closing Date

Kansas, New Mexico, Oklahoma, and Texas

KCBT

July

HRW Wheat

$5.07/bushel

Wheat - Organic Practice

September 30 Sales Closing Date

Kansas, New Mexico, Oklahoma, and Texas

KCBT

July

HRW Wheat

$10.97/bushel

Wheat

October 31 Sales Closing Date

Arizona and California

KCBT

July

HRW Wheat

$5.07/bushel

Wheat - Organic Practice

October 31 Sales Closing Date

Arizona and California

KCBT

July

HRW Wheat

$10.97/bushel

Wheat - Durum Type

September 30 Sales Closing Date

New Mexico

MGE

July

HRS Wheat

$6.70/bushel
                                       

1 Harvest Prices are applicable for the Supplemental Coverage Option (SCO).

2 Harvest  Price is set equal to Projected Price

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