INFORMATIONAL MEMORANDUM: R&D-97-049
     
          
TO:      All Reinsured Companies
         All Risk Management agency Field Offices
   
FROM:    Tim B. Witt        /s/ DENISE HOFFMANN (for)   07/02/97
         Deputy Administrator
     
SUBJECT: 1997 Income Protection and Crop Revenue Coverage Harvest Price  
         Announcements for Wheat
     
     
The following prices are approved for these plans of insurance for
policies whose harvest prices are determined based on the July contract:
     
     
                        Income Protection
                        -----------------
The 1997 harvest price for Income Protection (IP) Wheat is $3.46 per
bushel. 
     
                                      
                      Crop Revenue Coverage
                      ---------------------
The 1997 harvest prices for Wheat Crop Revenue Coverage (CRC) for the
areas where CRC-Wheat is based upon the Chicago Board of Trade (CBOT)
and the Kansas City Board of Trade (KCBOT)  are as follows:
     
     
                Board of Trade     Harvest Price
                --------------     -------------
                   CBOT               $3.29/bu.
                   KCBOT              $3.46/bu.
     
Harvest prices for CRC-Wheat based upon the Minneapolis Grain Exchange
(MGE) and the Portland Grain Exchange (PGE) will be announced the first
week of September.