RMA Sets Crop Insurance Projected Prices, Volatility Factors for 2012 Crops

March 1, 2012 10:05 AM
 

The calendar 2012 projected prices have been approved for Yield Protection, Revenue Protection, and Revenue Protection with Harvest Price Exclusion plans of insurance as well as volatility factors Revenue Protection and Revenue Protection with Harvest Price Exclusion plans of insurance.

The projected prices and volatility factors pertain to counties with a March 15 sales closing date (Link to full details including states and other factors):

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Group Risk Income Protection (GRIP)
The following 2012 CY expected prices and volatility factors have been approved for GRIP corn, grain sorghum, soybeans and wheat in counties with a March 15 cancellation date.

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Perspective: For corn and soybeans, the combination of the premium adjustments that RMA implemented for the 2012 crop year and the lower projected prices will lower crop insurance costs for farmers. In some cases, the decline in premiums on a per-acre basis for 2012 compared to 2011 could be around one-third, some producers note.

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