United States      Risk            Research         P.O. Box 419293
     Department of      Management      and              Kansas City
     Agriculture        Agency          Development      Missouri 64141-6293 
     
     
     
     
     INFORMATIONAL MEMORANDUM: R&D-97-064
          
     TO:      All Reinsured Companies
              All Risk Management Agency Field Offices
     
     FROM:    Tim B. Witt           /S/ TIM B. WITT   09/04/97
              Deputy Administrator
     
     SUBJECT: Crop Revenue Coverage (CRC) and Income Protection (IP) Price
              Announcements
     
     The prices in the table below have been approved for 1997 and 1998 CRC
     Wheat  and 1997 CRC Soybeans with a sales closing date prior to 
     March 15.  
     
                    CROP       BOARD/                   
     CROP           YEAR       EXCHANGE       BASE            HARVEST
     ---------------------------------------------------------------------     
     Wheat          1997       CBOT           $3.79*/bu       $3.29*/bu
                               KCBOT          $3.98*/bu       $3.46*/bu
                               MGE            $3.43*/bu       $3.81/bu
                               PGE            $4.25*/bu       $3.89/bu
     Soybeans       1997       CBOT           $6.40*/bu       $6.29/bu
     Wheat          1998       CBOT           $3.66/bu        7/98 release
                               KCBOT          $3.69/bu        7/98 release
                               PGE            $4.04/bu        9/98 release
     
  
     The approved prices for 1997 IP Wheat are shown in the table below.
     
                    CROP       BOARD/
     CROP           YEAR       EXCHANGE       BASE            HARVEST
     ---------------------------------------------------------------------     
     Wheat          1997       CBOT           $3.52*/bu       $3.63/bu
     
     *Previously released