PRODUCT MANAGEMENT BULLETIN: PM–18-049
United States Department of Agriculture
Farm and Foreign Agricultural Services
Risk Management Agency
1400 Independence Avenue, SW
Stop 0801
Washington, DC 20250-0801
Date
To:
All Risk Management Agency Field Offices
All Other Interested Parties
From:
Subject:
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Common Crop Insurance Policy and Area Risk Protection Insurance1 The 2018 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
AlaskaCBOT December Corn $4.59/bushel Barley – Organic Practice
March 15 Sales Closing Date
AlaskaCBOT December Corn $9.80/bushel Canola
August 31 Sales Closing Date
Idaho (Spring Type(s)), Oregon (Spring Type(s)) & Washington (Spring Type(s))ICE November Canola $0.172/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 $0.264/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 $0.172/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 $0.264/pound Corn
February 15 Sales Closing Date
TexasCBOT December Corn $3.58/bushel Corn – Organic Practice
February 15 Sales Closing Date
TexasCBOT December Corn $8.20/bushel Corn
February 28 Sales Closing Date
North CarolinaCBOT December Corn $3.58/bushel Corn – Organic Practice
February 28 Sales Closing Date
North CarolinaCBOT December Corn $8.20/bushel Corn
March 15 Sales Closing Date
Oklahoma & TexasCBOT December Corn $3.58/bushel Corn – Organic Practice
March 15 Sales Closing Date
Oklahoma & TexasCBOT December Corn $8.20/bushel Cotton
January 31 Sales Closing Date
TexasICE December Cotton $0.80/pound Cotton – Organic Practice3
January 31 Sales Closing Date
TexasICE December Cotton $1.20/pound Grain Sorghum
February 15 Sales Closing Date
TexasCBOT December Corn $3.46/bushel Grain Sorghum – Organic Practice
February 15 Sales Closing Date
TexasCBOT December Corn $7.47/bushel Grain Sorghum
February 28 Sales Closing Date
Arkansas, Louisiana & MississippiCBOT December Corn $3.46/bushel Grain Sorghum – Organic Practice
February 28 Sales Closing Date
Arkansas, Louisiana & MississippiCBOT December Corn $7.47/bushel Grain Sorghum
March 15 Sales Closing Date
TexasCBOT December Corn $3.46/bushel Grain Sorghum – Organic Practice
March 15 Sales Closing Date
TexasCBOT December Corn $7.47/bushel Rice - Long Grain Type
February 15 Sales Closing Date
FloridaCBOT November Rice $0.103/pound Rice - Long Grain Type Organic Practice
February 15 Sales Closing Date
FloridaCBOT November Rice $0.138/pound Rice - Medium & Short Grain Types
February 15 Sales Closing Date
FloridaCBOT November Rice $0.113/pound Rice - Medium & Short Grain Types Organic Practice
February 15 Sales Closing Date
FloridaCBOT November Rice $0.151/pound Rice - Long Grain Type
February 28 Sales Closing Date
Arkansas, Mississippi & TexasCBOT November Rice $0.103/pound Rice - Long Grain Type Organic Practice
February 28 Sales Closing Date
Arkansas, Mississippi & TexasCBOT November Rice $0.138/pound Rice - Medium & Short Grain Types
February 28 Sales Closing Date
Arkansas, Mississippi & TexasCBOT November Rice $0.113/pound Rice - Medium & Short Grain Types Organic Practice
February 28 Sales Closing Date
Arkansas, Mississippi & TexasCBOT November Rice $0.151/pound Soybeans
January 31 Sales Closing Date
TexasCBOT November Soybeans $8.39/bushel Soybeans – Organic Practice
January 31 Sales Closing Date
TexasCoverage is not available for the 2018 CY. 1Harvest Prices are applicable for the Supplemental Coverage Option (SCO).
2Harvest Prices are applicable for Stacked Income Protection (STAX) cotton policies.
3For the 2018 CY, organic coverage is not available for all counties covered by the January 31 sales closing date.
- Margin Protection Plan
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The following 2018 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/Policy-and-Procedure/Insurance-Plans/Margin-Protection-for-Corn-Rice-Soybeans-and-Wheat Crop/State/Type Exchange Contract Margin Harvest Price Rice - Long Grain Type & No Type Specified
February 28 Sales Closing Date
Arkansas, Mississippi & TexasCBOT November Rice $0.103/pound
Rice - Medium & Short Grain Types
February 28 Sales Closing Date
Arkansas, Mississippi & TexasCBOT November Rice $0.113/pound
DISPOSAL DATE
December 31, 2018