Canola Projections

Canola Projections

David Sparks Ph.D.
David Sparks Ph.D.
The USDA Announces Projected Prices for 2015 Crop Year Canola

 

The United States Department of Agriculture’s (USDA) Risk Management Agency (RMA) has announced the 2015 crop year projected prices for fall Canola Revenue Protection and Revenue Projection with Harvest Price Exclusion plans of insurance for Idaho, Oregon, and Washington. Here’s spokesperson Jo Lynne Seufer:

 

Crop / Type                    

Projected Price

Volatility Factor

Canola – Fall Canola Type

$0.178/lb.

0.19

Canola – Fall Rapeseed Type

$0.216/lb.

0.00

 

These prices are critical for canola producers who are evaluating their crop insurance coverage options. Projected prices and volatility factors for the spring types will be determined in February 2015, and announced by March 4, 2015. The sales closing date for fall canola in Idaho, Oregon and Washington states is September 2, 2014. Producers should contact their local multi-peril crop insurance (MPCI) agent for complete crop insurance details. A list of crop insurance agents is available at all USDA Service Centers throughout the U.S. or on the RMA website at http://www3.rma.usda.gov/tools/agents.

 

 

Previous ReportSkin Cancer
Next ReportAppel and Cocroft