INFORMATIONAL MEMORANDUM: R&D-96-056
     
TO:       All Reinsured Companies
          All Risk Management Field Offices
          FSA Headquarters, Program Delivery & Field Operations
     
FROM:     Tim B. Witt
          Director
          Research and Development Division
       
SUBJECT:  1996 Income Protection Price Announcements
     
     
The 1996 harvest price for Income Protection  - Wheat is $4.55 per bushel.  
This harvest 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 August of the year 
the crop would normally be harvested, and dividing that total by the number 
of daily settlement prices."
     
The Income Protection insurance plan is available for limited and additional 
coverage only.  The IP harvest price is not applicable to traditional MPCI 
wheat or catastrophic coverage.
     
If you have any questions or need additional information, please contact 
LeWayne Jansonius at (816) 926-3703.