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PRODUCT MANAGEMENT BULLETIN: PM–18-053

United States Department of Agriculture


Farm and Foreign Agricultural Services


Risk Management Agency


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

Date

November 02, 2018

To:

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

From:

Richard H. Flournoy /s/ Richard H. Flournoy    11/2/2018

Subject:

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

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 – 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		 $3.68/bushel
Corn - Organic Practice
February 28 Sales Closing Date
Arizona, California & Nevada		 CBOT December
Corn		 $8.43/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		 $3.68/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		 $8.43/bushel
Corn – High Amylose
March 15 Sales Closing Date
Illinois, Indiana, Iowa, Kansas, Missouri, Nebraska & South Dakota		 CBOT December
Corn		 $5.15/bushel
Cotton
February 28 Sales Closing Date
Alabama, Arizona, Arkansas, California, Florida, Georgia, Louisiana, Mississippi, North Carolina, South Carolina & Texas		 ICE December
Cotton		 $0.77/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		 $1.17/pound
Cotton
March 15 Sales Closing Date
Missouri, Tennessee, Texas & Virginia		 ICE December
Cotton		 $0.77/pound
Cotton – Organic Practice
March 15 Sales Closing Date
Missouri, Tennessee, Texas & Virginia		 ICE December
Cotton		 $1.17/pound
Grain Sorghum
February 28 Sales Closing Date
Arizona, California & North Carolina		 CBOT December
Corn		 $3.56/bushel
Grain Sorghum – Organic Practice
February 28 Sales Closing Date
Arizona, California & North Carolina		 CBOT December
Corn		 $7.67/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		 $3.56/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		 $7.67/bushel
Peanuts – Runner Type
January 31 Sales Closing Date
Texas		 CBOT/
ICE		 December
Wheat, Cotton, Soybean Oil & Soybean Meal		 $0.1982/pound
Peanuts – Spanish Type
January 31 Sales Closing Date
Texas		 CBOT/
ICE		 December
Wheat, Cotton, Soybean Oil & Soybean Meal		 $0.2597/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		 $0.1941/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		 $0.2543/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		 $0.2194/pound
Peanuts – Runner Type
March 15 Sales Closing Date
New Mexico, Oklahoma, Texas & Virginia		 CBOT/
ICE		 December
Wheat, Cotton, Soybean Oil & Soybean Meal		 $0.2017/pound
Peanuts – Spanish Type
March 15 Sales Closing Date
New Mexico, Oklahoma & Texas		 CBOT/
ICE		 December
Wheat, Cotton, Soybean Oil & Soybean Meal		 $0.2643/pound
Peanuts – Valencia Type
March 15 Sales Closing Date
New Mexico, Oklahoma & Texas		 CBOT/
ICE		 December
Wheat, Cotton, Soybean Oil & Soybean Meal		 $0.2239/pound
Peanuts – Virginia Type
March 15 Sales Closing Date
New Mexico, Oklahoma, Texas & Virginia		 CBOT/
ICE		 December
Wheat, Cotton, Soybean Oil & Soybean Meal		 $0.2239/pound
Popcorn
March 15 Sales Closing Date
Colorado, Illinois, Indiana, Iowa, Kentucky, Minnesota, Missouri, Nebraska, Ohio,
South Dakota, Tennessee & Wisconsin		 CBOT December
Corn		 $0.1582/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		 $0.2278/pound
Rice – Long Grain Type & No Type Specified
February 28 Sales Closing Date
California, Illinois, Missouri, Oklahoma & Tennessee		 CBOT November
Rice		 $0.107/pound
Rice – Long Grain Type & No Type Specified; Organic Practice
February 28 Sales Closing Date
California, Illinois, Missouri, Oklahoma & Tennessee		 CBOT November
Rice		 $0.143/pound
Rice – Medium & Short Grain Types
February 28 Sales Closing Date
Illinois, Missouri, Oklahoma & Tennessee		 CBOT November
Rice		 $0.118/pound
Rice – Medium & Short Grain Types; Organic Practice
February 28 Sales Closing Date
Illinois, Missouri, Oklahoma & Tennessee		 CBOT November
Rice		 $0.157/pound
Rice – Medium & Short Grain Types
February 28 Sales Closing Date
California		 CBOT November
Rice		 $0.155/pound
Rice – Medium & Short Grain Types; Organic Practice
February 28 Sales Closing Date
California		 CBOT November
Rice		 $0.208/pound
Soybeans
February 28 Sales Closing Date
Arkansas, Louisiana, Mississippi & Texas		 CBOT November
Soybeans		 $8.60/bushel
Soybeans – Organic Practice
February 28 Sales Closing Date
Arkansas, Louisiana, Mississippi & Texas		 CBOT November
Soybeans		 $17.35/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		 $8.60/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		 $17.35/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		 $0.155/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		 $0.277/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		 $0.217/pound

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

[2] Harvest Prices are applicable for Stacked Income Protection (STAX) cotton policies.

Margin Protection

The following 2018 CY margin harvest prices are approved for the Margin Protection plan of insurance. 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/RMA-Insurance/General-Policies/Margin-Protection-for-Corn-Rice-Soybeans-and-Wheat

 

Crop/State/Type Exchange Contract Margin Harvest Price
Corn
September 30 Sales Closing Date
All States		 CBOT December
Corn		 $3.68/bushel
Rice - Long Grain Type & No Type Specified
February 28 Sales Closing Date
California & Missouri		 CBOT November
Rice		 $0.107/pound

Rice - Medium & Short Grain Types
February 28 Sales Closing Date
California

 CBOT November
Rice		 $0.155/pound

Rice - Medium & Short Grain Types
February 28 Sales Closing Date
Missouri

 CBOT November
Rice		 $0.118/pound
Soybeans
September 30 Sales Closing Date
All States		 CBOT November
Soybeans		 $8.60/bushel

USDA is an Equal Opportunity Employer and Provider

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