BULLETIN NO.:   MGR-96-055

TO:        All Reinsured Companies
           All Risk Management Field Offices
           FSA Headquarters, Program Delivery and Field Operations
           
FROM:      Kenneth D. Ackerman
           Acting Administrator

SUBJECT:   1997 Projected Market Prices for Barley, Malting Barley, and Oats

The Risk Management Agency today announced projected market price elections 
for the following multiple peril crop insurance crops (all prices are per 
bushel):  feed barley - $2.30 and oats - $1.60.  The additional value price 
election for the malting barley endorsement (option A) is $0.50.  These price 
elections are available to producers who elect additional coverage for their
1997 crop(s).  Producers who choose the catastrophic (CAT) level will be 
insured at 60 percent of these values (except malting barley, which may not 
be insured under CAT).  The price elections for CAT coverage are as follows: 
feed barley - $1.38 and oats - $0.96. 

The established price elections previously announced were $2.30 for feed 
barley and $1.60 for oats.  Eligibility for level of subsidy is based on the 
projected market price.  Price election choices must be made on or before the 
sales closing date for the crop in a county.