All Risk Management Agency Field Offices
All Other Interested Parties
Common Crop Insurance Policy & Area Risk Protection Insurance 1, 2
The 2017 CY projected prices shown below are approved for the following plans of insurance: Yield Protection, Area Yield Protection, Revenue Protection, Area Revenue Protection, Revenue Protection with Harvest Price Exclusion, and Area Revenue Protection with the Harvest Price Exclusion. The 2017 CY volatility factors 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 with the Harvest Price Exclusion. The projected prices and volatility factors apply to policies with a February 28 sales closing date, unless otherwise indicated, and are applicable for the crops, types, practices and states indicated below:
| Crop/Type/Practice/State | Exchange | Contract | Projected Price | Volatility Factor |
|---|---|---|---|---|
| Corn Alabama, Florida, Georgia, Louisiana & South Carolina | CBOT | September Corn | $3.87/bushel | 0.17 |
| Corn - Organic Practice Alabama, Florida, Georgia, Louisiana & South Carolina | CBOT | September Corn | $8.86/bushel | 0.17 |
| Corn Arkansas & Mississippi | CBOT | December Corn | $3.94/bushel | 0.17 |
| Corn - Organic Practice Arkansas & Mississippi | CBOT | December Corn | $9.02/bushel | 0.17 |
| Corn North Carolina | CBOT | December Corn | $3.94/bushel | 0.17 |
| Corn - Organic Practice North Carolina | CBOT | December Corn | $9.02/bushel | 0.17 |
| Corn Arizona, California & Nevada | CBOT | December Corn | $3.94/bushel | 0.18 |
| Corn - Organic Practice Arizona, California & Nevada | CBOT | December Corn | $9.02/bushel | 0.18 |
| Cotton All States | ICE | December Cotton | $0.73/pound | 0.15 |
| Cotton – Organic Practice All States | ICE | December Cotton | $1.13/pound | 0.15 |
| Grain Sorghum Alabama, Florida, Georgia & South Carolina | CBOT | December Corn | $3.81/bushel | 0.16 |
| Grain Sorghum – Organic Practice Alabama, Florida, Georgia & South Carolina | CBOT | December Corn | $5.61/bushel | 0.16 |
| Grain Sorghum Arkansas, Louisiana & Mississippi | CBOT | December Corn | $3.81/bushel | 0.17 |
| Grain Sorghum – Organic Practice Arkansas, Louisiana & Mississippi | CBOT | December Corn | $5.61/bushel | 0.17 |
| Grain Sorghum Arizona, California & North Carolina | CBOT | December Corn | $3.81/bushel | 0.18 |
| Grain Sorghum – Organic Practice Arizona, California & North Carolina | CBOT | December Corn | $5.61/bushel | 0.18 |
| Peanuts – Runner Type Alabama, Arkansas, Florida, Georgia, Louisiana, Mississippi, North Carolina, South Carolina & Texas | CBOT/ ICE | December Wheat, Cotton, Soybean Oil & Soybean Meal | $0.1977/pound | 0.12 |
| Peanuts – Spanish Type Alabama, Arkansas, Florida, Georgia, Louisiana, Mississippi & Texas | CBOT/ ICE | December Wheat, Cotton, Soybean Oil & Soybean Meal | $0.2590/pound | 0.12 |
| Peanuts – Virginia Type Alabama, Florida, Georgia, Mississippi, North Carolina & South Carolina | CBOT/ ICE | December Wheat, Cotton, Soybean Oil & Soybean Meal | $0.2194/pound | 0.12 |
| Popcorn March 15 Sales Closing Date Alabama | CBOT | September Corn | $0.1664/pound | 0.17 |
| Popcorn – Organic Practice March 15 Sales Closing Date Alabama | CBOT | September Corn | $0.2396/pound | 0.17 |
| Rice – Long Grain Type & No Type Specified2 Louisiana | CBOT | September Rice | $0.103/pound | 0.17 |
| Rice – Long Grain Type & No Type Specified; Organic Practice Louisiana | CBOT | September Rice | $0.138/pound | 0.17 |
| Rice – Medium/Short Grain Types Louisiana | CBOT | September Rice | $0.109/pound | 0.17 |
| Rice – Medium/Short Grain Types; Organic Practice Louisiana | CBOT | September Rice | $0.146/pound | 0.17 |
| Rice – Long Grain Type & No Type Specified2 Arkansas, Mississippi & Texas | CBOT | November Rice | $0.104/pound | 0.17 |
| Rice – Long Grain Type & No Type Specified; Organic Practice Arkansas, Mississippi & Texas | CBOT | November Rice | $0.139/pound | 0.17 |
| Rice – Medium/Short Grain Types Arkansas, Mississippi & Texas | CBOT | November Rice | $0.110/pound | 0.17 |
| Rice – Medium/Short Grain Types; Organic Practice Arkansas, Mississippi & Texas | CBOT | November Rice | $0.148/pound | 0.17 |
| Rice – Long Grain Type & No Type Specified California, Illinois, Missouri, Oklahoma & Tennessee | CBOT | November Rice | $0.104/pound | 0.18 |
| Rice – Long Grain Type & No Type Specified; Organic Practice California, Illinois, Missouri, Oklahoma & Tennessee | CBOT | November Rice | $0.139/pound | 0.18 |
| Rice – Medium/Short Grain Types California | CBOT | November Rice | $0.146/pound | 0.18 |
| Rice – Medium/Short Grain Types; Organic Practice California | CBOT | November Rice | $0.196/pound | 0.18 |
| Rice – Medium/Short Grain Types Illinois, Missouri, Oklahoma & Tennessee | CBOT | November Rice | $0.110/pound | 0.18 |
| Rice – Medium/Short Grain Types; Organic Practice Illinois, Missouri, Oklahoma & Tennessee | CBOT | November Rice | $0.148/pound | 0.18 |
| Soybeans Arkansas, Louisiana, Mississippi & Texas | CBOT | November Soybeans | $10.21/bushel | 0.15 |
| Soybeans - Organic Practice Arkansas, Louisiana, Mississippi & Texas | CBOT | November Soybeans | $20.56/bushel | 0.15 |
| Soybeans Alabama, Florida, Georgia, North Carolina & South Carolina | CBOT | January (2018) Soybeans | $10.25/bushel | 0.16 |
| Soybeans - Organic Practice Alabama, Florida, Georgia, North Carolina & South Carolina | CBOT | January (2018) Soybeans | $20.64/bushel | 0.16 |
1 Projected Prices and Volatility Factors are applicable for the Supplemental Coverage Option (SCO). 2 The long grain projected price (conventional practice) is used as the price election under the terms of the Hybrid Seed Rice Crop Provisions. | ||||
Margin Protection Plan
The following 2017 CY margin projected prices and volatility factors are approved for the Margin Protection Plan. 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: aibpf-rma.fpac.usda.gov/apps/ActuarialInformationBrowser/CropCriteria.aspx. Please see the following web page on RMA’s public website for program details: www.rma.usda.gov/about-crop-insurance/managing-farm-risk/insurance-plans.
| Crop/Type | Exchange | Contract | Margin Projected Price | Volatility Factor |
|---|---|---|---|---|
| Rice – Long Grain Type & No Type Specified Louisiana | CBOT | September Rice | $0.103/pound | 0.17 |
| Rice – Medium & Short Grain Types Louisiana | CBOT | September Rice | $0.109/pound | 0.17 |
| Rice – Long Grain Type & No Type Specified Arkansas, Mississippi & Texas | CBOT | November Rice | $0.104/pound | 0.17 |
| Rice – Medium & Short Grain Types Arkansas, Mississippi & Texas | CBOT | November Rice | $0.110/pound | 0.17 |
| Rice – Long Grain Type & No Type Specified California & Missouri | CBOT | November Rice | $0.104/pound | 0.18 |
| Rice – Medium & Short Grain Types California | CBOT | November Rice | $0.146/pound | 0.18 |
| Rice – Medium & Short Grain Types Missouri | CBOT | November Rice | $0.110/pound | 0.18 |
DISPOSAL DATE
December 31, 2017