September 3, 1998


INFORMATIONAL MEMORANDUM: R&D-98-042

TO:      	All Reinsured Companies
         	All Risk Management Agency Field Offices

FROM:    	Tim B. Witt         /s/ Tim B. Witt
         	Deputy Administrator

SUBJECT:    1998 Crop Revenue Coverage (CRC) and Income Protection (IP) Price
            Announcements

                      Crop Revenue Coverage

The prices below have been approved for 1998 CRC Wheat and 1998 CRC
Corn, Grain Sorghum and Soybeans with a sales closing date prior to March 15.

              BOARD/         CONTRACT       HARVEST PRICE
CROP          EXCHANGE        MONTH          100%     95%

Wheat              MGE     September 1998     NA     $3.06

                   PGE     August 1998        NA     $2.53

Corn               CBOT    September 1998    $2.06   $1.96

Grain Sorghum      CBOT    September 1998    $1.96   $1.86

Soybeans           CBOT    September 1998    $5.36   $5.09

                        Income Protection

The 1998 harvest price for IP Wheat for states whose harvest price is based on the CBOT
September 1998 wheat contract is shown in the table below.

              BOARD/         CONTRACT
CROP          EXCHANGE        MONTH          HARVEST PRICE

Wheat          CBOT        September 1998      $2.52