Date
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 H. Flournoy 10/2/2017
Subject
2017 Crop Year (CY) Common Crop Insurance Policy, Area Risk Protection Insurance and Margin Protection Plan Harvest Prices Announcement
Common Crop Insurance Policy and Area Risk Protection Insurance 1
The 2017 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, sales closing dates, states, types, and practices indicated in the following table.
| Crop/Sales Closing Date/ State/Type/Practice | Exchange | Contract | Harvest Price |
|---|---|---|---|
| Barley March 15 Sales Closing Date Alaska | CBOT | December Corn | $3.83/bushel |
| Barley – Organic Practice March 15 Sales Closing Date Alaska | CBOT
| December Corn | $8.20/bushel |
| Barley March 15 Sales Closing Date California | CBOT | December Corn | $3.09/bushel |
| Barley – Organic Practice March 15 Sales Closing Date California | CBOT | December Corn | $6.61/bushel |
| Canola August 31 Sales Closing Date Idaho (Spring Type(s)), Oregon (Spring Type(s)) & Washington (Spring Type(s)) | ICE | November Canola | $0.182/pound |
| Canola – Rapeseed Type* August 31 Sales Closing Date Idaho (Spring Type(s)), Oregon (Spring Type(s)) & Washington (Spring Type(s)) *Harvest Price is set equal to Projected Price. | ICE | November Canola | $0.247/pound |
| Canola March 15 Sales Closing Date Idaho (Spring Type(s)), Minnesota, Montana, North Dakota, Oregon (Spring Type(s)) & Washington (Spring Type(s)) | ICE | November Canola | $0.182/pound |
| Canola – Rapeseed Type* March 15 Sales Closing Date Idaho (Spring Type), Montana, North Dakota, Oregon (Spring Type(s)) & Washington (Spring Type(s)) *Harvest Price is set equal to Projected Price. | ICE | November Canola | $0.247/pound |
| Corn February 15 Sales Closing Date Texas | CBOT | December Corn | Corn $3.54/bushel |
| Corn – Organic Practice February 15 Sales Closing Date Texas | CBOT | December Corn | $8.10/bushel |
| Corn February 28 Sales Closing Date North Carolina | CBOT | December Corn | $3.54/bushel |
| Corn – Organic Practice February 28 Sales Closing Date North Carolina | CBOT | December Corn | $8.10/bushel |
| Corn March 15 Sales Closing Date Oklahoma & Texas | CBOT | December Corn | $3.54/bushel |
| Corn – Organic Practice March 15 Sales Closing Date Oklahoma & Texas | CBOT | December Corn | $8.10/bushel |
| Cotton January 31 Sales Closing Date Texas | ICE | December Cotton | $0.70/pound |
| Cotton – Organic Practice January 31 Sales Closing Date Texas | ICE | December Cotton | $1.10/pound |
| Grain Sorghum February 15 Sales Closing Date Texas | CBOT | December Corn | $3.42/bushel |
| Grain Sorghum – Organic Practice February 15 Sales Closing Date Texas | CBOT | December Corn | $5.04/bushel |
| Grain Sorghum February 28 Sales Closing Date Arkansas, Louisiana & Mississippi | CBOT | December Corn | $3.42/bushel |
| Grain Sorghum – Organic Practice February 28 Sales Closing Date Arkansas, Louisiana & Mississippi | CBOT | December Corn | $5.04/bushel |
| Grain Sorghum March 15 Sales Closing Date Texas | CBOT | December Corn | $3.42/bushel |
| Grain Sorghum – Organic Practice March 15 Sales Closing Date Texas | CBOT | December Corn | $5.04/bushel |
| Rice - Long Grain Type & No Type Specified February 15 Sales Closing Date Florida | CBOT | November Rice | $0.126/pound |
| Rice - Long Grain Type & No Type Specified Organic Practice February 15 Sales Closing Date Florida | CBOT | November Rice | $0.169/pound |
| Rice - Medium & Short Grain Types February 15 Sales Closing Date Florida | CBOT | November Rice | $0.134/pound |
| Rice - Medium & Short Grain Types Organic Practice February 15 Sales Closing Date Florida | CBOT | November Rice | $0.179/pound |
| Rice - Long Grain Type & No Type Specified February 28 Sales Closing Date Arkansas, Mississippi & Texas | CBOT | November Rice | $0.126/pound |
| Rice - Long Grain Type & No Type Specified Organic Practice February 28 Sales Closing Date Arkansas, Mississippi & Texas | CBOT | November Rice | $0.169/pound |
| Rice - Medium & Short Grain Types February 28 Sales Closing Date Arkansas, Mississippi & Texas | CBOT | November Rice | $0.134/pound |
| Rice - Medium & Short Grain Types Organic Practice February 28 Sales Closing Date Arkansas, Mississippi & Texas | CBOT | November Rice | $0.179/pound |
| Soybeans January 31 Sales Closing Date Texas | CBOT | November Soybeans | $9.66/bushel |
| Soybeans – Organic Practice January 31 Sales Closing Date Texas | CBOT | November Soybeans | $19.46/bushel |
| 1 Harvest Prices are applicable for the Supplemental Coverage Option (SCO). | |||
Margin Protection Plan
The following 2017 CY margin harvest prices are approved for the Margin Protection Plan. Margin harvest prices are used in conjunction with harvest input prices and final county yields to derive the harvest margin. 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/State/Type | Exchange | Contract | Margin Harvest Price |
|---|---|---|---|
| Rice - Long Grain Type & No Type Specified February 28 Sales Closing Date Arkansas, Mississippi & Texas | CBOT | November Rice | $0.126/pound |
| Rice - Medium & Short Grain Types February 28 Sales Closing Date Arkansas, Mississippi & Texas | CBOT | November Rice | $0.134/pound |
DISPOSAL DATE
December 31, 2017