1.  

PRODUCT MANAGEMENT BULLETIN: PM–18-060

United States Department of Agriculture


Farm and Foreign Agricultural Services


Risk Management Agency


1400 Independence Avenue, SW
Stop 0801
Washington, DC  20250-0801

Date

December 03, 2018

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    12/3/2018

Subject:

2018 Crop Year (CY) Common Crop Insurance Policy and Area Risk Protection Insurance Harvest Prices Announcement
Common Crop Insurance Policy & Area Risk Protection Insurance 1, 2

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, practices, sales closing dates and states indicated in the following table.

 
Crop/Type/Practice/
Sales Closing Date/State		 Exchange Contract Harvest Price

Corn
March 15 Sales Closing Date
Idaho, Michigan, Oregon & Washington

 CBOT

December
Corn

 $3.66/bushel
Corn - Organic Practice
March 15 Sales Closing Date
Idaho, Michigan, Oregon & Washington		 CBOT December
Corn		 $8.38/bushel
Cotton
March 15 Sales Closing Date
Kansas, New Mexico & Oklahoma		 ICE December
Cotton		  $0.77/pound
Cotton - Organic Practice
March 15 Sales Closing Date
Kansas, New Mexico & Oklahoma		 ICE December
Cotton		  $1.17/pound
Popcorn
March 15 Sales Closing Date
Michigan		 CBOT December
Corn
  $0.1574/pound
Popcorn - Organic Practice
March 15 Sales Closing Date
Michigan		 CBOT December
Corn		 $0.2266/pound
Soybeans
February 28 Sales Closing Date
Alabama, Florida, Georgia,
North Carolina & South Carolina		 CBOT January
(2019)
Soybeans		  $8.83/bushel
Soybeans - Organic Practice
February 28 Sales Closing Date
Alabama, Florida, Georgia,
North Carolina & South Carolina		 CBOT January
(2019)
Soybeans		  $17.81/bushel
Soybeans
March 15 Sales Closing Date
Delaware, Maryland, Oklahoma, Virginia & West Virginia		 CBOT January
(2019)
Soybeans		  $8.83/bushel
Soybeans - Organic Practice
March 15 Sales Closing Date
Delaware, Maryland, Oklahoma, Virginia & West Virginia		 CBOT January
(2019)
Soybeans		  $17.81/bushel
1 Harvest Prices are applicable for the Supplemental Coverage Option (SCO).
2 Harvest Prices are applicable for Stacked Income Protection (STAX) cotton policies.

DISPOSAL DATE
December 31, 2018

USDA is an Equal Opportunity Employer and Provider

   Office

  • USDA RMA Room 403
    6501 Beacon Drive
    Kansas City, MO 64133-4675
  • Phone: 816-926-7914
  • Fax: 816-926-1803