Applicable in the following states: AR, IL, KS, MO, and OK.
Informational Memorandum: PM-15-009
Common Crop Insurance Policy (CCIP) & Area Risk Protection Insurance (ARPI)
The 2015 CY projected prices shown in the table (link below) are approved for the Yield Protection, Area Yield Protection, Revenue Protection, Area Revenue Protection, Revenue Protection with Harvest Price Exclusion and Area Revenue Protection - Harvest Price Exclusion plans of insurance. The 2015 CY volatility factors shown in the table (link below) are approved for the Revenue Protection, Area Revenue Protection, Revenue Protection with Harvest Price Exclusion and Area Revenue Protection - Harvest Price Exclusion plans of insurance. The projected prices and volatility factors apply to policies with a February 28 sales closing date, unless otherwise indicated, and are applicable for the crops, types, practices and states indicated in the table (link below).
Click here to view the CCIP and ARPI Projected Prices and Volatility Factors table on the RMA website.
Attention Rice Agents:
Revenue Protection (RP) will not be offered for rice counties with a 2-28-15 Sales Closing Date due to an insufficient number of full active trading days, as stipulated in the CEPP. Your RP policies will continue to remain as RP but the volatility factor will be set as zero and the harvest price will be established as identical to the announced projected price. As such, your RP policies will function the same as YP for indemnity payments and will also have identical premium rates.
Disposal Date: December 31, 2015