PRODUCT MANAGEMENT BULLETIN: PM–21-073
United States Department of Agriculture
Farm and Foreign Agricultural Services
Risk Management Agency
1400 Independence Avenue, SW
Stop 0801
Washington, DC 20250-0801
Date
December 01, 2021
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/ John W. Underwood for 12/1/2021
Subject:
2021 Crop Year (CY) Common Crop Insurance Policy and Area Risk Protection Insurance Harvest Prices Announcement
-
Common Crop Insurance Policy & Area Risk Protection Insurance 1,2
The 2021 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, practices, sales closing dates, and states indicated in the following table.
DISPOSAL DATE:Crop/Practice/Sales Closing Date/State Exchange Contract Harvest Price Corn
March 15 Sales Closing Date
Idaho, Michigan, Oregon & WashingtonCBOT December
Corn$5.71/bushel Corn - Organic Practice
March 15 Sales Closing Date
Idaho, Michigan, Oregon & WashingtonCBOT December
Corn$11.92/bushel Cotton
March 15 Sales Closing Date
Kansas, New Mexico & OklahomaICE December
Cotton$1.18/pound Cotton - Organic Practice
March 15 Sales Closing Date
Kansas, New Mexico & OklahomaICE December
Cotton$1.54/pound Popcorn
March 15 Sales Closing Date
MichiganCBOT December
Corn$0.2455/pound Popcorn - Organic Practice
March 15 Sales Closing Date
MichiganCBOT December
Corn$0.3534/pound Soybeans
February 28 Sales Closing Date
Alabama, Florida, Georgia, North Carolina & South CarolinaCBOT January
(2022)
Soybeans$12.43/bushel Soybeans - Organic Practice
February 28 Sales Closing Date
Alabama, Florida, Georgia, North Carolina & South CarolinaCBOT January
(2022)
Soybeans$23.60/bushel Soybeans
March 15 Sales Closing Date
Delaware, Maryland, Oklahoma, Virginia & West VirginiaCBOT January
(2022)
Soybeans$12.43/bushel Soybeans - Organic Practice
March 15 Sales Closing Date
Delaware, Maryland, Oklahoma, Virginia & West VirginiaCBOT January
(2022)
Soybeans$23.60/bushel 1 Harvest Prices are applicable for the Enhanced Coverage Option (ECO) and the Supplemental Coverage Option (SCO).
2 Harvest Prices are applicable for Stacked Income Protection (STAX) cotton policies.
December 31, 2022