PRODUCT MANAGEMENT BULLETIN: PM–20-054
United States Department of Agriculture
Farm and Foreign Agricultural Services
Risk Management Agency
1400 Independence Avenue, SW
Stop 0801
Washington, DC 20250-0801
Date
August 17, 2020
To:
All Approved Insurance Providers
All Risk Management Agency Field Offices
All Other Interested Parties
All Risk Management Agency Field Offices
All Other Interested Parties
From:
Richard H. Flournoy, Deputy Administrator /s/ Richard Flournoy 8/17/2020
Subject:
2021 Crop Year (CY) Common Crop Insurance Policy Projected Prices and Volatility Factors Announcement
-
Common Crop Insurance Policy 1 The 2021 CY projected prices shown below are approved for the Yield Protection, Revenue Protection, and Revenue Protection with Harvest Price Exclusion plans of insurance. The 2021 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 crop, types, and states indicated in the following table.
-
Crop/Type/State Exchange Contract Projected Price Volatility
FactorCanola – Canola Type
Illinois, Indiana, Kansas, Kentucky, North Carolina, Oklahoma, South Carolina, Tennessee, Texas, & Virginia
ICE July
Canola$0.170/pound 0.12 Canola – Rapeseed Type
Illinois, Indiana, Kentucky, North Carolina, Oklahoma, South Carolina, Tennessee, & Virginia
ICE July
Canola$0.225/pound
0.00 Canola – Canola Type
Idaho (Fall), Oregon (Fall) & Washington (Fall)
ICE November
Canola$0.167/pound 0.11 Canola – Rapeseed Type
Idaho (Fall), Oregon (Fall) & Washington (Fall)
ICE
November
Canola$0.230/pound 0.00 1 Projected Prices and Volatility Factors are applicable for the Supplemental Coverage Option (SCO).
DISPOSAL DATE
December 31, 2020