| Price Announcement Info |
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United States Department of Agriculture • Risk Management Agency
6501 Beacon Drive, Kansas City, MO 64133-4676
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| September 2, 2005 |
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| INFORMATIONAL MEMORANDUM: R&D-05-038 |
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| TO: |
All Reinsured Companies
All Risk Management Agency Field Offices
All Other Interested Parties |
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| FROM: |
Tim B. Witt /s/ Tim B. Witt
Deputy Administrator |
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| SUBJECT: |
Addendum to 2005 Crop Year (CY) Actuarial Document (Special Provisions) – (Crop Revenue Coverage (CRC)), (Group Risk Income Protection (GRIP)), (Income Protection (IP)), and (Revenue Assurance (RA)) Harvest Price Announcements |
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| CROP REVENUE COVERAGE |
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| The following 2005 CY harvest prices have been approved for CRC corn, grain sorghum, and soybeans in counties with a cancellation date prior to March 15 and for CRC rice counties with a January 31 cancellation date. |
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| Crop |
Harvest Price |
| Corn |
$2.15/bu. |
| Grain Sorghum |
$1.99/bu. |
| Soybeans |
$6.28/bu. |
| Rice |
$0.068/lb. |
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| The following 2005 CY harvest prices have been approved for CRC wheat for those counties whose price is determined by the exchanges and contracts shown. |
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| Crop |
Exchange |
Contract |
Harvest Price |
| Spring Wheat |
MGE |
September |
$3.46/bu. |
| Wheat |
PME |
August |
$3.54/bu. |
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| GROUP RISK INCOME PROTECTION |
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| The following 2005 CY harvest prices have been approved for GRIP corn, grain sorghum, and soybeans for those counties with a cancellation date prior to March 15. |
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| Crop |
Exchange |
Contract |
Harvest Price |
| Corn |
CBOT |
September |
$2.15/bu. |
| Grain Sorghum |
CBOT |
September |
$1.99/bu. |
| Soybeans |
CBOT |
September |
$6.28/bu. |
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| INCOME PROTECTION |
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| The following 2005 CY harvest prices have been approved for IP wheat for those counties whose price is determined by the exchanges and contracts shown. |
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| Crop |
Exchange |
Contract |
Harvest Price |
| Wheat |
CBOT |
September |
$3.19/bu. |
| Wheat |
PME |
August |
$3.54/bu. |
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| The following 2005 CY harvest price has been approved for IP grain sorghum for those counties with a cancellation date prior to March 15. |
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| Crop |
Exchange |
Contract |
Harvest Price |
| Grain Sorghum |
CBOT |
September |
$1.99/bu. |
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| The following 2005 CY harvest price has been approved for IP barley in all covered counties. |
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| Crop |
Harvest Price |
| Barley |
$1.83/bu. |
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| REVENUE ASSURANCE |
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| The following 2005 CY fall harvest prices have been approved for RA spring wheat and feed barley in all covered counties. |
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| Crop |
Harvest Price |
| Spring Wheat |
$3.46/bu. |
| Feed Barley |
$2.14/bu. |
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| DISPOSAL DATE |
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| This Informational Memorandum is for the purpose of transmitting information and the expiration date is December 31, 2005. |
