PRODUCT MANAGEMENT BULLETIN: PM–17-059
United States Department of Agriculture
Farm and Foreign Agricultural Services
Risk Management Agency
1400 Independence Avenue, SW
Stop 0801
Washington, DC 20250-0801
Date
October 16, 2017
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 10/16/2017
Subject:
2018 Crop Year (CY) Common Crop Insurance Policy Projected Prices And Volatility Factors Announcement
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Common Crop Insurance Policy 1 The 2018 CY projected prices shown below are approved for the Yield Protection, Revenue Protection, and Revenue Protection with Harvest Price Exclusion plans of insurance. The 2018 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/StateExchange
Contract
Projected
Price
Volatility
Factor
Barley
October 31 Sales Closing Date
Arizona & CaliforniaCBOT July
Corn$3.21/bushel 0.14 Barley
Organic Practice
October 31 Sales Closing Date
Arizona & CaliforniaCBOT July
Corn$6.86/bushel 0.14 Barley -Winter
October 31 Sales Closing Date
Nevada & UtahCBOT September
Corn$3.27/bushel 0.16 Barley -Winter
Organic Practice
October 31 Sales Closing Date
Nevada & UtahCBOT September
Corn$6.99/bushel 0.16 Wheat -Winter
October 31 Sales Closing Date
Arizona & CaliforniaKCBT July
HRW Wheat$4.90/bushel 0.15 Wheat -Winter
Organic Practice
October 31 Sales Closing Date
Arizona & CaliforniaKCBT
July
HRW Wheat$10.60/bushel 0.15 Wheat - Durum
October 31 Sales Closing Date
Arizona & CaliforniaMGE July
HRS
Wheat$7.61/bushel 0.17 Wheat – Durum
Organic Practice
October 31 Sales Closing Date
Arizona & CaliforniaMGE July
HRS
Wheat$16.47/bushel 0.17 1 Projected Prices and Volatility Factors are applicable for the Supplemental Coverage Option (SCO).
DISPOSAL DATE
December 31, 2017