Wednesday, October 7, 2015

USDA Announces 2016 Small Grains Projected Prices


Barley and Wheat Prices Available

SPOKANE, Wash., Sept. 21, 2015 — USDA’s Risk Management Agency (RMA) today announced the 2016 projected prices for winter and spring wheat, and winter barley for Idaho, Oregon, and Washington. These prices are critical for producers evaluating their crop insurance coverage options.


RMA also reminds producers of the Sept. 30 deadline for purchasing crop insurance for fall-planted barley with winter coverage and all wheat in Idaho, Oregon, and Washington. Producers need to buy, review, or modify their crop insurance policies before the sales closing date has passed. Crop insurance provides protection against crop production losses due to natural perils such as drought, hail, and excessive moisture.

CROP
TYPE
PROJECTED
PRICE
VOLATILITY
FACTOR
Barley (Alaska)
All Spring
TBD approx. 3/1/16

Barley
Winter (with winter coverage and without winter coverage)
$3.43/bu.
0.24
Barley
Winter Organic Practice
$6.28
0.24
Malting Barley
Fall Planted Type
$5.13 bu.
0.25
Barley
All Spring
TBD approx. 3/1/16

Wheat (Alaska)
Spring
TBD approx. 3/1/16

Wheat            
Winter
$5.63 bu.
0.25
Wheat
Winter Organic Practice
$10.39 bu.
0.25
Wheat
Spring
$5.61/bu.
0.23
Wheat
Spring Organic Practice
$10.36
0.23
Wheat (Klamath)
Spring
TBD approx. 3/1/16


A list of crop insurance agents is available at all USDA Service Centers and online at the RMA Agent Locator. Growers can use the RMA Cost Estimator to get a premium amount estimate of their insurance needs online. Learn more about crop insurance and the modern farm safety net at www.rma.usda.gov.
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USDA is an equal opportunity provider and employer. To file a complaint of discrimination, write: USDA, Office of the Assistant Secretary for Civil Rights, Office of Adjudication, 1400 Independence Ave., SW, Washington, DC 20250-9410 or call (866) 632-9992 (Toll-free Customer Service), (800) 877-8339 (Local or Federal relay), (866) 377-8642 (Relay voice users).


Jo Lynne, Spokane RMA


Jo Lynne Seufer, Risk Management Specialist
USDA/Risk Management Agency
Spokane Regional Office
(Serving Alaska, Idaho, Oregon, Washington)
11707 East Sprague Ave, #201
Spokane, WA 99206
(509)228-6320 Office
800-205-9953 (in AK, ID, OR, WA) Toll Free
(509)998-6902 Gov't Cell
jo.lynne.seufer@rma.usda.gov
www.rma.usda.gov

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