INFORMATIONAL MEMORANDUM: R&D-96-070
          
TO:           All Reinsured Companies
              All Risk Management Field Offices
              
FROM:         Tim B. Witt
              Acting Deputy Administrator
     
SUBJECT:      1996 Soybean Crop Revenue Coverage Harvest Price
              Announcement
     
     
The 1996 harvest price for Crop Revenue Coverage (CRC) - Soybeans is
$6.72 per bushel.  This harvest market price is defined in the CRC
policy to be "ninety-five percent (95%) of the October Average Daily
Settlement Price for the Chicago Board of Trade November soybean futures
contract."  The October average daily settlement price was $7.0700 per
bushel yielding a harvest price of $6.72 per bushel.
     
The 1996 spring price of $6.87 per bushel was released February 29,
1996, based on an average February daily settlement price of $7.23 per
bushel.