United States Department of Agriculture Farm and Foreign Agricultural Services Risk Management Agency Beacon Facility Mail Stop 0801 P.O. Box 419205 Kansas City, MO 64141-6205 March 1, 2011 INFORMATIONAL MEMORANDUM: PM-11-011 TO: FROM: SUBJECT: All Approved Insurance Providers All Risk Management Agency Field Offices All Other Interested Parties Tim B. Witt /s/tim B. Witt Deputy Administrator Addendum to the 2011 Crop Year (CY) Actuarial Documents (Special Provisions) 2011 CY s and s and Group Risk Income Protection (GRIP) Expected s and s and Hybrid Seed Endorsement (HSPE) Hybrid Seed and Malting Additional Value s Announcement The 2011 CY projected prices shown below are approved for the following plans of insurance: Yield Protection; Revenue Protection; and Revenue Protection with Harvest Exclusion. The 2011 CY volatility factors shown below are approved for the following plans of insurance: Revenue Protection; and Revenue Protection with Harvest Exclusion. The projected prices and volatility factors pertain to counties with a March 15, 2011, sales closing date, unless otherwise indicated, and are applicable for the crops, practices and types, as indicated in the following table. July Kansas & New Mexico Iowa, Nebraska, New York & Pennsylvania $6.48/bushel 0.22 $5.93/bushel 0.25 The Risk Management Agency Administers And Oversees All Programs Authorized Under The Federal Crop Insurance Corporation An Equal Opportunity Employer
s and s and Group Risk Income Protection (GRIP) Expected s and s and Hybrid Seed Endorsement (HSPE) Hybrid Seed and Malting Additional Value s Announcement 2...Continued Colorado, Idaho, Maine, Michigan, Minnesota, Montana, Nevada, North Dakota, Oregon, South Dakota, Utah, Vermont, Washington, Wisconsin & Wyoming Alaska California (March 15 Sales Closing Date, Winter Types without Winter Coverage) Idaho, Oregon & Washington ( 30 Sales Closing Date, Spring Types) Kansas ( 30 Sales Closing Date, Spring Types) New York & Pennsylvania ( 30 Sales Closing Date, Spring Types) Colorado, Idaho, Oregon & Washington /Rapeseed Type July $5.93/bushel 0.28 $5.65/bushel 0.27 $5.52/bushel 0.27 $3.91/bushel 0.33 $6.48/bushel 0.22 $5.93/bushel 0.25 $5.93/bushel 0.28 $0.263/pound 0.15 $0.299/pound 0.00
s and s and Group Risk Income Protection (GRIP) Expected s and s and Hybrid Seed Endorsement (HSPE) Hybrid Seed and Malting Additional Value s Announcement 3...Continued (August 31 Sales Closing Date, Idaho, Oregon & Washington /Rapeseed Type (August 31 Sales Closing Date, Idaho, Oregon & Washington Oklahoma & Texas /Organic Practice Oklahoma & Texas Colorado, Connecticut, Delaware, Illinois, Indiana, Iowa, Kansas, Kentucky, Maine, Maryland, Massachusetts, Minnesota, Missouri, Montana, Nebraska, New Hampshire, New Jersey, New Mexico, New York, North Dakota, Ohio Pennsylvania, Rhode Island, South Dakota, Tennessee, Utah, Vermont, Virginia, West Virginia, Wisconsin & Wyoming /Organic Practice Colorado, Connecticut, Delaware, Illinois, Indiana, Iowa, Kansas, Kentucky, Maine, Maryland, Massachusetts, Minnesota, Missouri, Montana, Nebraska, New Hampshire, New Jersey, New Mexico, New York, North Dakota, Ohio Pennsylvania, Rhode Island, South Dakota, Tennessee, Utah, Vermont, Virginia, West Virginia, Wisconsin & Wyoming $0.263/pound 0.15 $0.299/pound 0.00 $6.01/bushel 0.27 $10.75/bushel 0.27 $6.01/bushel 0.29 $10.75/bushel 0.29
s and s and Group Risk Income Protection (GRIP) Expected s and s and Hybrid Seed Endorsement (HSPE) Hybrid Seed and Malting Additional Value s Announcement 4 Continued Idaho, Michigan, Oregon & Washington /Organic Practice Idaho, Michigan, Oregon & Washington (See below for Organic Practice) Missouri, Tennessee, Texas & Virginia (See below for Organic Practice) Kansas, New Mexico & Oklahoma Grain Sorghum Texas Grain Sorghum, except Texas Colorado, Illinois, Indiana, Iowa, Kansas, Kentucky, Michigan, Minnesota, Missouri, Nebraska, New Jersey, New York, North Dakota, Ohio, Pennsylvania, South Dakota, Tennessee, Texas, Vermont & Wisconsin /Organic Practice Colorado, Illinois, Indiana, Iowa, Kansas, Kentucky, Michigan, Minnesota, Missouri, Nebraska, New Jersey, New York, North Dakota, Ohio, Pennsylvania, South Dakota, Tennessee, Texas, Vermont & Wisconsin Delaware, Maryland, Oklahoma, Virginia & West Virginia /Organic Practice Delaware, Maryland, Oklahoma, Virginia & West Virginia Sunflowers/Oil Type January (2012) January (2012) Soybean Oil $6.01/bushel 0.31 $10.75/bushel 0.31 $1.23/pound 0.37 $1.23/pound 0.39 $5.87/bushel 0.27 $5.87/bushel 0.29 $13.49/bushel 0.23 $24.20/bushel 0.23 $13.52/bushel 0.25 $24.25/bushel 0.25 $0.305/pound 0.21
s and s and Group Risk Income Protection (GRIP) Expected s and s and Hybrid Seed Endorsement (HSPE) Hybrid Seed and Malting Additional Value s Announcement 5 Continued Sunflowers/Confectionary Type Soybean Oil /All Types Except Durum Alaska, Colorado, Iowa, Maine, Minnesota, Montana, Nebraska, North Dakota, South Dakota, Vermont, Wisconsin & Wyoming /Durum Type Montana, North Dakota & South Dakota ( 30 Sales Closing Date, Colorado, Iowa, Nebraska &, Wisconsin ( 30 Sales Closing Date, Spring & Khorasan Types) Montana ( 30 Sales Closing Date, Spring Type & No Type Specified) South Dakota & Wyoming /Spring Type California ( 30 Sales Closing Date, California, Idaho, Oregon & Washington (October 31 Sales Closing Date, Nevada & Utah HRS HRS HRS HRS HRS $0.355/pound 0.21 $10.98/pound 0.25 $9.11/pound 0.27 $9.11/pound 0.27 $9.11/pound 0.27 The 2011 CY /Organic Practice projected price and volatility factor are established at $1.50 per pound and 0.00, respectively, for all counties with a March 15, 2011, sales closing date.
s and s and Group Risk Income Protection (GRIP) Expected s and s and Hybrid Seed Endorsement (HSPE) Hybrid Seed and Malting Additional Value s Announcement 6 Group Risk Income Protection (GRIP) The following 2011 CY expected prices and volatility factors have been approved for GRIP corn, grain sorghum, soybeans and wheat in counties with a March 15 cancellation date. Crop Expected $6.01/bushel 0.29 Grain Sorghum $5.87/bushel 0.29 $13.49/bushel 0.23 Spring $9.89/bushel 0.25 Hybrid Seed Endorsement (HSPE) The 2011 CY hybrid seed corn price of $6.01 per bushel has been approved for the Hybrid Seed Endorsement. Malting Additional Value s In accordance with the Small Grains Crop Insurance Malting and Quality Endorsement, the following 2011 CY additional value prices under Option A have been approved for counties with a March 15 sales closing date. States Alaska, Oregon & Washington Colorado, Idaho, Montana, Nebraska & Wyoming Minnesota, North Dakota & South Dakota $1.10/bushel $1.25/bushel $0.85/bushel DISPOSAL DATE 31, 2011