INFORMATIONAL MEMORANDUM: R&D-96-055  
     

TO:      All Reinsured Companies
         All Risk Management Agency Field Offices
              
FROM:    Tim B. Witt
         Director
         Research and Development Division
     
SUBJECT: Addendum to 1997 Actuarial Table -- 1997 Wheat Crop Revenue 
         Coverage (CRC) - Base Prices and Price Factors 
     
BACKGROUND:
     
For marketing purposes Research and Development Informational Memorandum 
R&D-96-038 provided low and high price factor ESTIMATES for CRC-Wheat based 
upon the Minneapolis Grain Exchange (MGE) and the Portland Grain Exchange 
(PGE).  Final 1997 low and high price factors are now available for the 
Portland Grain Exchange.  Additionally, 1997 CRC Wheat Base prices are now 
available for the Kansas City Board of Trade, Chicago Board of Trade and the
Portland Grain Exchange.
     
ACTION:
     
The following are the Federal Crop Insurance Corporation 1997 CRC Wheat 
APPROVED price factors to update the FCI-35 and base prices to create an 
addendum to the Special Provisions.



   Board of                              Price Factors
   Trade     Crop                     Low            High
   --------  -----                    -----          ----- 

   PGE       Wheat                    0.345          0.318

                                      Base Price
                                      ----------

   CBOT      Wheat                    $3.79
   KCBOT     Wheat                    $3.98
   PGE       Wheat                    $4.25