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CRC BASE AND HARVEST PRICES CROP YEAR 2007 | |
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Puckett's Corner John Deere Risk Protection (cash markets) National Crop Insurance Services Weather (palmer drought index)
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RMA Price Discovery Tool - This is a link to an estimate as well as the final approved prices for both base and harvest prices for different commodities. Link to Chart for revenue plans illustrating estimated as well as finalized base and harvest prices. Spring Wheat, Durum, and Khorasan - (Insured in counties with a 3/15 cancel date), Minneapolis Grain Exchange (MGE) Colorado, Minnesota, Montana, North Dakota, South Dakota, and Wyoming (includes Daniels, Sheridan, and Divide counties). Base Price (MGE) - The February harvest year’s average daily settlement price for the harvest year’s MGE September hard red spring wheat futures contract rounded to the nearest whole cent. The Base Price will be released as an actuarial document addendum by March 10 of the harvest year. This price came in at $5.23. Harvest Price (MGE) - The August harvest year’s average daily settlement price for the harvest year’s MGE September hard red spring wheat futures contract rounded to the nearest whole cent. The Harvest Price cannot be less than the Base Price minus two dollars ($2.00), or greater than the Base Price plus two dollars ($2.00). The Harvest Price will be released as an actuarial document addendum by September 10 of the harvest year. This price came in at $6.61. ___________________________________________ Winter Wheat - (Insured as winter wheat), Kansas City Board of Trade (KCBOT) Iowa, Montana, Nebraska, South Dakota, and Wyoming (Carter, Dawson, Prairie, Roosevelt and other MT winter wheat counties). Base Price (KCBOT) -The August 15 to September 14 pre-harvest year’s average daily settlement price for the harvest year’s KCBOT July hard red winter wheat futures contract rounded to the nearest whole cent. The Base Price will be released as an actuarial document addendum by September 20 of the pre-harvest year. This price came in at $4.52.Harvest Price (KCBOT) - The July 15 to August 14 harvest year’s average daily settlement price for the harvest year’s KCBOT September hard red winter wheat futures contract rounded to the nearest whole cent. The Harvest Price cannot be less than the Base Price minus two dollars ($2.00), or greater than the Base Price plus two dollars ($2.00). The Harvest Price will be released as an actuarial document addendum by August 20 of the harvest year. This price came in at $6.33.___________________________________________ Spring Wheat, Durum (not separate type in Carter county), and Khorasan (Kamut)- (in counties with a 9/30 cancellation date), (KCBOT/MGE) Colorado, Iowa, Montana, South Dakota, Wisconsin, and Wyoming (Carter, Dawson, Prairie, Roosevelt and other MT winter wheat counties)Base Price (KCBOT) - The August 15 to September 14 pre-harvest year’s average daily settlement price for the harvest year’s KCBOT July hard red winter wheat futures contract rounded to the nearest whole cent. The Base Price will be released as an actuarial document addendum by September 20 of the pre-harvest year. This price came in at $4.52. Harvest Price (MGE) - The August harvest year’s average daily settlement price for the harvest year’s MGE September hard red spring wheat futures contract rounded to the nearest whole cent. The Harvest Price cannot be less than the Base Price minus two dollars ($2.00), or greater than the Base Price plus two dollars ($2.00). The Harvest Price will be released as an actuarial document addendum by September 10 of the harvest year. This price came in at $6.52. |
