BULLETIN NO.:   MGR-97-034

TO:        All Reinsured Companies
           All Risk Management Field Service Offices
           
FROM:      Kenneth D. Ackerman
           Administrator

SUBJECT:   1998 Projected Market Prices for Wheat, Barley, Oats, and Rye


The Risk Management Agency (RMA) today announced the projected market prices
for 1998 crops:  $3.65 per bushel for wheat; $4.25 per bushel for durum 
wheat; $2.20 per bushel for barley; $1.60 per bushel for oats; and $2.80 
per bushel for rye.  These price elections are available to all producers
of wheat, barley, oats, and rye who insure their 1998 crop(s) at levels 
above catastrophic coverage.  The additional value price election for 
malting barley endorsement will be set in December at the time the projected
market price is determined for corn.  Price election choices must be made 
on or before the sales closing date for the crop in a county.

The preliminary price elections were $3.65 per bushel for wheat, $2.10 per
bushel for barley, $1.50 per bushel for oats, and $2.80 per bushel for rye.
When the projected price elections are higher than the preliminary price
elections, producers originally electing the preliminary price  may be 
impacted.  Exclusion of hail and fire provisions also may be affected. 

The price elections for catastrophic coverage are:  $2.19 per bushel for 
wheat, $2.55 per bushel for durum wheat, $1.32 per bushel for barley, 
$0.96 per bushel for oats, and $1.68 per bushel for rye.


RMA:R&D:AD:LJansonius:de:816-926-7912:08/27/97:wp:s:\price\98mgrbu