BULLETIN NO:  MGR-95-035

TO:      All Reinsured Companies
         CFSA Headquarters, Program Delivery and Field Operations
         All Risk Management Field Offices

FROM:    Kenneth D. Ackerman
         Acting Deputy Administrator

SUBJECT: 1996 Maximum Price Elections for Wheat, Barley, Oats, and Rye

The Federal Crop Insurance Corporation (FCIC) today announced the maximum 
price elections for 1996 crops are as follows (all prices are per bushel): 

    other wheat - $3.55;         durum wheat    - $4.10; 
    feed barley - $2.15;         malting barley - $2.65; 
    oats        - $1.50;         and rye        - $2.75. 

These price elections are available to producers who elect additional 
coverage for their 1996 crops(s). Producers who choose the CAT level will 
be insured at 60 percent of these maximum values (except malting barley, 
which may not be insured under CAT).  Price election choices must be made on 
or before the sales closing date for the crop in a county.

The preliminary price elections previously announced were $3.15 for other 
wheat, $2.00 for feed barley, $1.40 for oats, and $2.60 for rye.  Because the 
market price elections are all higher than their preliminary price elections, 
producers who originally elected the preliminary price will be impacted.  
Eligibility for level of subsidy is based on the market price, so anyone using 
the preliminary price election may receive a lower level of subsidy unless 
changed prior to the contract change date.

The price elections for CAT coverage are as follows: 

    other wheat - $2.13;         durum wheat - $2.46; 
    feed barley - $1.29;         oats        - $0.90, 
    and rye     - $1.65.