RMA Sets 2013 Harvest Prices for Corn, Soybeans, Sorghum, Cotton & Rice

November 5, 2013 01:27 AM
 

via a special arrangement with Informa Economics, Inc.

Corn, soybean levels reflect recovery from 2012 production downturn


NOTE: This column is copyrighted material, therefore reproduction or retransmission is prohibited under U.S. copyright laws.


The 2013 harvest prices for corn, soybeans, sorghum, cotton and rice have been approved for Revenue Protection and the Revenue Protection with Harvest Price Exclusion plans of insurance, according to the Risk Management Agency (RMA).

The levels for 2013 are set as follows compared to levels for 2012:

Crop/ Feb. 28 & March 15
Sales Closing Dates

2013

2012

Corn

$4.39/bu.

$7.50/bu.

Cotton

$0.83/lb.

$0.73/lb.

Grain Sorghum

$4.30/bu.

$7.31/bu.

Rice (Feb. 28)

$0.152/lb.

$0.150/lb.

Soybeans

$12.87/bu.

$15.39/bu.

Sunflowers – Oil Type (Mar. 15)

$0.214/lb.

$0.265/lb.

Sunflowers – Confectionary Type (Mar. 15)

$0.279/lb.

$0.340/lb.


Group Risk Income Protection

The following 2013 harvest prices have been approved for GRIP corn, grain sorghum and soybeans in counties where the harvest price is determined by the exchange, contract and harvest discovery period indicated in the following table:             

Crop

Exchange

Contract

Discovery Period

2013 Harvest Price

2012 Harvest Price

Corn

CBOT

December

Corn

October

$4.39/bu.

$7.50/bu.

Grain Sorghum

CBOT

December

Corn

October

$4.30/bu.

$7.31/bu.

Soybeans

CBOT

November

Soybeans

October

$12.87/bu.

$15.39/bu.

 


 

NOTE: This column is copyrighted material, therefore reproduction or retransmission is prohibited under U.S. copyright laws.


 


 

 

 

 

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