INFORMATIONAL MEMORANDUM: R&D-99-041
TO: All Reinsured Companies
All Risk Management Agency Field Offices
FROM: Tim B. Witt /s/ Tim B. Witt
Deputy Administrator
SUBJECT: 1999 Crop Revenue Coverage (CRC), Income Protection (IP), and Revenue
Assurance (RA) Harvest Price Announcements - Addendum to 1999 Actuarial Document (Special Provisions)
The prices below have been approved for 1999 CRC Wheat for states whose harvest price is based on the Portland or Minneapolis Grain Exchange.
Crop |
Grain Exchange | Contract | Harvest Price | |
| 100% | 95% | |||
| Spring Wheat | MGE | September | $3.33 | $3.16 |
| Wheat | PGE | August | $3.14 | $2.98 |
| Durum Wheat | MGE | August | $3.88 | $3.69 |
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the prices below have been approved for 1999 CRC Corn, Grain Sorghum, and Soybean counties with a cancellation date prior to March 15 and for 1999 CRC Rice counties with a January 15 cancellation date.
| Crop | Board | Contract | Harvest Price | |
| 100% | 95% | |||
| Corn | CBOT | September | $2.14 | $2.03 |
| Grain Sorghum | CBOT | September | $2.03 | $1.93 |
| Soybeans | CBOT | September | $4.69 | $4.46 |
| Rice | CBOT | September | $0.060 | $0.057 |
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INFORMATIONAL MEMORANDUM: R&D-99-041 2
The 1999 IP Wheat harvest prices are approved for states whose harvest price is based on the Exchanges and contracts shown below.
| Crop | Board/Exchange | Contract | Harvest Price |
| Wheat | CBOT | September | $2.71 |
| Wheat | PGE | August | $3.14 |
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The 1999 IP Barley harvest prices are approved for the states shown below.
| Crop | States | Harvest Price |
| Barley | ID OR WA | $1.78 |
| Barley | MN MT ND SD | $1.82 |
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REVENUE ASSURANCE
The 1999 RA Wheat fall harvest price is $3.33.
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DISPOSAL DATE:
This Informational Memorandum is for the purpose of transmitting information and the expiration date is December 31, 1999.
