Revenue Prices and APH (MPCI Bushel Plan) Market Prices

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Note: The following prices are based upon a March 15 cancellation date.

 

2006 Federal Crop Prices

Crop

Plan

Spring Price

Fall Price

How Prices Are Determined

Corn

APH

2.00

N/A

Determined by RMA/FCIC

Corn

CRC

2.59

3.03

Spring: Feb. Avg. of Dec. CBOT Futures

Fall: Oct. Avg. of Dec. CBOT Futures

Corn

GRIP

2.59

3.03

New for 2006: Same as for CRC Corn

Corn

RA

2.59

3.56

Spring: Feb. Avg. of Dec. CBOT Futures

Fall: Nov. Avg. of Dec. CBOT Futures

Soybeans

APH

5.15

N/A

Determined by RMA/FCIC

Soybeans

CRC

6.18

5.93

Spring: Feb. Avg. of Nov. CBOT Futures

Fall: Oct. Avg. of Nov. CBOT Futures

Soybeans

GRIP

6.18

5.93

New for 2006: Same as for CRC Soybeans

Soybeans

RA

6.18

5.93

Spring: Feb. Avg. of Nov. CBOT Futures

Fall: Oct. Avg. of Nov. CBOT Futures

Gr. Sorghum

APH

1.95

N/A

Determined by RMA/FCIC

Gr. Sorghum

CRC

2.33

2.73

Spring: Approx. 90% of CRC Corn Price

Fall: Approx. 90% of CRC Corn Price