PRODUCT MANAGEMENT BULLETIN: PM–19-005
United States Department of Agriculture
Farm and Foreign Agricultural Services
Risk Management Agency
1400 Independence Avenue, SW
Stop 0801
Washington, DC 20250-0801
Date
To:
All Risk Management Agency Field Offices
All Other Interested Parties
From:
Subject:
-
Common Crop Insurance Policy1
The 2019 CY projected prices shown below are approved for the Yield Protection, Revenue Protection and Revenue Protection with Harvest Price Exclusion plans of insurance. The 2019 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 apply to policies with a January 31 sales closing date and are applicable for the crops, types, practices and states indicated below:
Crop/Type/Practice/State Exchange Contract Projected Price Volatility Factor Corn
TexasCBOT September
Corn$3.96/bu. 0.14 Corn – Organic Practice2
TexasCBOT September
Corn$9.12/bu. 0.14 Cotton
TexasICE December
Cotton$0.74/lb. 0.14 Cotton – Organic Practice2
TexasICE December
Cotton$1.16/lb. 0.14 Grain Sorghum
Texas
CBOT September
Corn$3.90/bu. 0.14 Grain Sorghum – Organic Practice2
TexasCBOT September
Corn$8.26/bu. 0.14 Peanuts – Runner Type
TexasCBOT/ICE December
Wheat, Cotton, Soybean Oil & Soybean Meal$0.2067/lb. 0.12 Peanuts – Spanish Type
TexasCBOT/ICE December
Wheat, Cotton, Soybean Oil & Soybean Meal$0.2707/lb. 0.12 Rice – Long Grain Type
TexasCBOT September
Rice
$0.108/lb. 0.13 Rice – Medium & Short Grain Types
TexasCBOT September
Rice$0.119/lb. 0.13 Rice – Long Grain Type; Organic Practice
TexasCBOT September
Rice$0.145/lb. 0.13 Rice – Medium & Short Grain Types; Organic Practice
TexasCBOT September
Rice$0.159/lb. 0.13 Soybeans
TexasCBOT November
Soybeans$9.46/bu. 0.12 Soybeans – Organic Practice
TexasCBOT November
SoybeansNot available3 Sunflowers – Oil Type
TexasCBOT July
Soybean Oil
$0.154/lb. 0.09 Sunflowers – Oil Type; Organic Practice
TexasCBOT July
Soybean Oil$0.276/lb. 0.09 Sunflowers – Confectionary Type; All Practices
TexasCBOT July
Soybean Oil$0.212/lb. 0.09 1 Projected Prices and Volatility Factors are applicable for the Supplemental Coverage Option (SCO).
2 For the 2019 CY, organic coverage is not available in all counties covered by the January 31 sales closing date.
3 For the 2019 CY, organic coverage is not available for soybeans in counties covered by the January 31 sales closing date.
Margin Protection
The following 2019 CY margin projected prices and volatility factors are approved for the Margin Protection plan of insurance. The margin projected price is used in conjunction with projected input prices and the expected county yield to derive the expected margin (per acre), trigger margin (per acre) and liability. The expected margins for each crop/county are available at the following web page on RMA’s public website:
https://webapp.rma.usda.gov/apps/actuarialinformationbrowser/
Please see the following web page on RMA’s public website for program details:
Crop/Type Exchange Contract Margin Projected Price Volatility Factor Rice – Long Grain Type & No Type Specified
TexasCBOT September
Rice
$0.108/lb. 0.13 Rice – Medium & Short Grain Types
TexasCBOT September
Rice$0.119/lb. 0.13 DISPOSAL DATE: December 31, 2019