All Approved Insurance Providers All Risk Management Agency Field Offices All Other Interested Parties
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1 United States Department of Agriculture Farm Production and Conservation Risk Management Agency 1, 2017 INFORMATIONAL MEMORANDUM: PM TO: All Approved Insurance Providers All Risk Management Agency Field Offices All Other Interested Parties Beacon Facility Mail Stop 0801 P.O. Box Kansas City, MO FROM: SUBJECT: Richard Flournoy /s/rodger M. Matthews, for. Deputy Administrator 2017 Crop Year (CY) Common Crop Insurance Policy and Area Risk Protection Insurance Harvest Prices, Malting Barley Endorsement Harvest Price Components, and Margin Protection Plan Margin Harvest Prices Announcement 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 with the Harvest Price Exclusion. The harvest prices are applicable for the crops, sales closing dates, states, types and practices indicated in the following table. State/Type/Practice Exchange Contract Barley 30 Sales Closing Date Colorado (Spring Types), Idaho (Winter & Spring Types), Oregon (Winter & Spring Types) & Washington (Winter & Spring Types) Barley Organic Practice 30 Sales Closing Date Colorado (Spring Types), Idaho (Winter & Spring Types), Oregon (Winter & Spring Types) & Washington (Winter & Spring Types) Harvest Price $3.08/bushel $6.59/bushel USDA is an Equal Opportunity Employer and Provider
2 Protection Plan Margin Harvest Prices Announcement 2...Continued Barley Nevada (Winter & Spring Types) & Utah (Winter & Spring Types) Barley Organic Practice Nevada (Winter & Spring Types) & Utah (Winter & Spring Types) Barley Colorado (Spring Types), Idaho (Winter Types w/o Winter Coverage Endorsement & Spring Types), Maine, Michigan, Minnesota, Montana, Nevada, North Dakota, Oregon (Winter Types w/o Winter Coverage Endorsement & Spring Types), South Dakota, Utah, Vermont, Washington (Winter Types w/o Winter Coverage Endorsement & Spring Types), Wisconsin & Wyoming Barley Organic Practice Colorado (Spring Types), Idaho (Winter Types w/o Winter Coverage Endorsement & Spring Types), Maine, Michigan, Minnesota, Montana, Nevada, North Dakota, Oregon (Winter Types w/o Winter Coverage Endorsement & Spring Types), South Dakota, Utah, Vermont, Washington (Winter Types w/o Winter Coverage Endorsement & Spring Types), Wisconsin & Wyoming 1 Harvest Prices are applicable for the Supplemental Coverage Option (SCO). $3.08/bushel $6.59/bushel $3.08/bushel $6.59/bushel
3 Protection Plan Margin Harvest Prices Announcement 3...Continued Canola August 31 Sales Closing Date Idaho (Fall Type(s)), Oregon (Fall Type(s)) & Washington (Fall Type(s)) Canola Rapeseed Type* August 31 Sales Closing Date Idaho (Fall Type(s)), Oregon (Fall Type(s)) & Washington (Fall Type(s)) * Harvest Price is set equal to Projected Price. Organic Practice Alabama, Florida, Georgia, & South Carolina Organic Practice Alabama, Florida, Georgia, & South Carolina Grain Sorghum Grain Sorghum Organic Practice Grain Sorghum Alabama, Florida, Georgia & South Carolina ICE ICE November Canola November Canola December $0.181/pound $0.230/pound $3.53/bushel $8.08/bushel $3.53/bushel $8.08/bushel $3.41/bushel $5.03/bushel $3.55/bushel
4 Protection Plan Margin Harvest Prices Announcement 4...Continued Grain Sorghum Organic Practice Alabama, Florida, Georgia & South Carolina Popcorn Alabama Popcorn Organic Practice Alabama Long Grain Type & No Type Specified Long Grain Type & No Type Specified; Organic Practice Medium & Short Grain Types Medium & Short Grain Types; Organic Practice Long Grain Type & No Type Specified Long Grain Type & No Type Specified; Organic Practice Medium & Short Grain Types December $5.23/bushel $0.1518/pound $0.2185/pound $0.123/pound $0.165/pound $0.140/pound $0.188/pound $0.123/pound $0.165/pound $0.130/pound
5 Protection Plan Margin Harvest Prices Announcement 5..Continued Medium & Short Grain Types; Organic Practice 30 Sales Closing Date Wisconsin (Winter) Organic Practice 30 Sales Closing Date Wisconsin (Winter) 30 Sales Closing Date Montana (Winter) & Wyoming (Winter) Organic Practice 30 Sales Closing Date Montana (Winter) & Wyoming (Winter) 30 Sales Closing Date California (Spring), Colorado (Spring), Idaho (Spring), Iowa (Spring), Montana (Spring & Khorasan), Nebraska (Spring), Oregon (Spring), South Dakota (Spring), Washington (Spring), Wisconsin (Spring) & Wyoming (Spring) Organic Practice 30 Sales Closing Date California (Spring), Colorado (Spring), Idaho (Spring), Iowa (Spring), Montana (Spring & Khorasan), Nebraska (Spring), Oregon (Spring), South Dakota (Spring), Washington (Spring), Wisconsin (Spring) & Wyoming (Spring) KCBT KCBT SRW SRW HRW HRW $0.175/pound $4.29/bushel $8.94/bushel $4.29/bushel $8.94/bushel $6.76/bushel $14.09/bushel
6 Protection Plan Margin Harvest Prices Announcement 6 Continued Nevada (Spring) & Utah (Spring) $6.76/bushel Organic Practice Nevada (Spring) & Utah (Spring) Alaska, California (Spring), Colorado (Spring), Iowa (Spring), Maine, Minnesota, Montana (Spring & Khorasan), Nebraska (Spring), North Dakota (Spring & Khorasan), Oregon [Klamath County] (Spring), South Dakota (Spring), Vermont, Wisconsin (Spring) & Wyoming (Spring) Organic Practice Alaska, California (Spring), Colorado (Spring), Iowa (Spring), Maine, Minnesota, Montana (Spring & Khorasan), Nebraska (Spring), North Dakota (Spring & Khorasan), Oregon [Klamath County] (Spring), South Dakota (Spring), Vermont, Wisconsin (Spring) & Wyoming (Spring) Durum Type Montana (Durum), North Dakota (Durum) & South Dakota (Durum) $14.09/bushel $6.76/bushel $14.09/bushel $7.63/bushel
7 Protection Plan Margin Harvest Prices Announcement 7 Continued Durum Type; Organic Practice Montana (Durum), North Dakota (Durum) & South Dakota (Durum) 30 Sales Closing Date California (Winter), Idaho (Winter), Oregon (Winter) & Washington (Winter) Organic Practice 30 Sales Closing Date California (Winter), Idaho (Winter), Oregon (Winter) & Washington (Winter) Nevada (Winter) & Utah (Winter) Organic Practice Nevada (Winter) & Utah (Winter) PME PME PME PME August Cash SW August Cash SW August Cash SW August Cash SW $15.91/bushel $5.13/bushel $10.70/bushel $5.13/bushel $10.70/bushel Malting Barley Endorsement The Malting Barley Endorsement (MBE) utilizes a Chicago Board of Trade () soft red winter wheat price component to derive the 2017 CY harvest price for any insured whose malt barley contract provides for a premium amount above or below a base price to be determined, and in which the base price is not determined by the acreage reporting date. Please see the MBE for details: Malting Barley Type Exchange Contract Harvest Price Winter Planted Type SRW $4.29/bushel Spring Planted Type SRW $4.29/bushel
8 Protection Plan Margin Harvest Prices Announcement 8 Margin Protection Plan The following 2017 CY margin harvest prices 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. Please see the following web page on RMA s public website for program details: State/Type Exchange Contract Harvest Price Long Grain Types $0.123/pound Medium & Short Grain Types Long Grain Types Medium & Short Grain Types 30 Sales Closing Date All locations $0.140/pound $0.123/pound $0.130/pound $6.76/bushel DISPOSAL DATE December 31, 2017
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