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Product Management Bulletin-PM-16-053

Date
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
Subject
2017 Crop Year (CY) Common Crop Insurance Policy Projected Prices And Volatility Factors Announcement

Common Crop Insurance Policy 1

The 2017 CY projected prices shown below are approved for the Yield Protection, Revenue Protection, and Revenue Protection with Harvest Price Exclusion plans of insurance. The 2017 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 crops, types, practices, sales closing date, and states indicated in the following table.

Crop/Type/Practice
Sales Closing Date/State
ExchangeContractProjected
Price
Volatility
Factor
Barley
October 31 Sales Closing Date
Arizona & California
CBOTJuly
Corn
$3.17/bushel0.18
Barley Organic Practice
October 31 Sales Closing Date
Arizona & California
CBOTJuly
Corn
$6.77/bushel0.18
Barley - Winter
October 31 Sales Closing Date
Nevada & Utah
CBOTSeptember
Corn
$3.23/bushel0.20
Barley - Winter Organic Practice
October 31 Sales Closing Date
Nevada & Utah
CBOTSeptember
Corn
$6.90/bushel0.20
Wheat - Winter
October 31 Sales Closing Date
Arizona & California
KCBTJuly
HRW Wheat
$4.51/bushel0.18
Wheat - Winter Organic Practice
October 31 Sales Closing Date
Arizona & California
KCBTJuly
HRW Wheat
$9.40/bushel0.18
Wheat - Durum
October 31 Sales Closing Date
Arizona & California
MGEJuly
HRS Wheat
$5.98/bushel0.16
Wheat – Durum Organic Practice
October 31 Sales Closing Date
Arizona & California
MGEJuly
HRS Wheat
$12.47/bushel0.16
1 Projected Prices and Volatility Factors are applicable for the Supplemental Coverage Option (SCO).

DISPOSAL DATE
December 31, 2016