February 29, 1996

INFORMATIONAL MEMORANDUM: R&D-96-007

TO:       All Reinsured Companies
          All Risk Management Field Offices
          FSA Headquarters, Program Delivery & Field Operations
          
FROM:     Tim B. Witt       /s/ Tim B. Witt
          Director
          Research and Development Division

SUBJECT:  1996 Crop Revenue Coverage and Income Protection Price 
          Announcements


The 1996 spring market price for Crop Revenue Protection - Corn is $2.93 per 
bushel.  This spring market price is defined in the Crop Revenue Coverage 
(CRC) policy to be "ninety-five percent (95%) of the February Average Daily 
Settlement Price for corn to be delivered during the month of December, of 
the then current crop year."

The 1996 spring market price for Crop Revenue Protection - Soybeans is $6.87 
per bushel.  This spring market price is defined in the CRC policy to be 
"ninety-five percent (95%) of the February Average Daily Settlement Price 
for soybeans to be delivered during the month of November, of the then 
current crop year." 

The 1996 projected price for Income Protection - Corn is $3.08 per bushel.  
This projected price is defined in the Income Protection - Corn crop 
provisions to be "the average derived by totaling the final closing daily 
settlement prices for the current year Chicago Board of Trade (CBOT) December 
corn futures contract for each trading day of February of the current year, 
and dividing that total by the number of daily settlement prices."

The 1996 projected price for Income Protection - Wheat is $4.57 per bushel.  
This projected price is defined in the Income Protection - Wheat crop 
provisions to be "the average derived by totaling the final closing daily 
settlement prices for the current crop  year Chicago Board of Trade (CBOT) 
September wheat futures contract for each trading day of February of the 
year the crop would normally be harvested, and dividing that total by the 
number of daily settlement prices."

The Crop Revenue Coverage and Income Protection insurance plans are available 
for limited and additional coverage only.  The CRC spring market price and 
IP projected price are not applicable to traditional MPCI corn, soybeans, or
wheat or catastrophic coverage.

If you have any questions or need additional information, please contact 
LeWayne Jansonius at (816) 926-3703.