RMA - Risk Management Agency

10/15/2020 | Press release | Distributed by Public on 10/15/2020 13:04

2021 Crop Year (CY) Common Crop Insurance Policy Projected Prices And Volatility Factors Announcement

PRODUCT MANAGEMENT BULLETIN: PM-20-072



Date

October 15, 2020

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 10/15/2020

Subject:

2021 Crop Year (CY) Common Crop Insurance Policy Projected Prices And Volatility Factors Announcement

Common Crop Insurance Policy1


The 2021 CY
projected pricesshown below are approved for the Yield Protection, Revenue Protection and Revenue Protection with Harvest Price Exclusion plans of insurance. The 2021 CYvolatility factorsshown 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/State
Exchange
Contract
Projected
Price
Volatility
Factor
Barley
October 31 Sales Closing Date
Arizona & California
CBOT
July
Corn
$3.43/bushel
0.16
Barley
Organic Practice

October 31 Sales Closing Date
Arizona & California
CBOT
July
Corn
$7.33/bushel
0.16
Barley - Winter
October 31 Sales Closing Date
Nevada & Utah
CBOT
September
Corn
$3.36/bushel
0.17
Barley - Winter
Organic Practice

October 31 Sales Closing Date
Nevada & Utah
CBOT
September
Corn
$7.18/bushel
0.17
Wheat - Winter
October 31 Sales Closing Date
Arizona & California
KCBT
July
HRW
Wheat
$5.27/bushel
0.19
Wheat - Winter
Organic Practice

October 31 Sales Closing Date
Arizona & California
KCBT
July
HRW
Wheat
$10.90/bushel
0.19
Wheat - Durum
October 31 Sales Closing Date
Arizona & California
MGE
July
HRS
Wheat
$6.63/bushel
0.16
Wheat - Durum
Organic Practice

October 31 Sales Closing Date
Arizona & California
MGE
July
HRS
Wheat
$13.71/bushel
0.16
1Projected Prices and Volatility Factors are applicable for the Supplemental Coverage Option (SCO).