What is it? Price Select is a supplement to the Revenue Protection (RP) Multi-Peril Crop Insurance (MPCI)
policy. Producers can choose to purchase additional months besides the base and harvest months to
determine their revenue guarantee.
How does it work? If the average futures price during a chosen month is higher than both the base price and
harvest price the producer gets to use that price to calculate their guarantee.
•
Available in 2016 for corn and soybeans in the following states: Alabama, Arkansas, Georgia,
Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Michigan, Minnesota, Missouri, Mississippi,
Nebraska, New York, North Carolina, North Dakota, Ohio, South Carolina, South Dakota, Tennessee,
and Wisconsin.
Available in 2016 for cotton in the following states: Alabama, Arkansas, Georgia, Louisiana, Mississippi,
Missouri, North Carolina, South Carolina, and Tennessee.
•Available for corn grown for grain, commodity soybeans, and cotton in counties that allow the
trend adjustment option. The insured does NOT have to use the TA option on the MPCI policy.
• Insured must have an RP MPCI policy.
•Alternative Price Discovery Periods include January, March, April, May, June, and July.
•Sales Closing Dates:
• January – December 28th
• April, May, June, July – MPCI SCD
• March – February 26th
•The Price Select Quoter will be available in the APO to quote the premium(s).*
Contact Your Regional Hail Underwriter for more details.
Fargo Service Office
Jody Coste
Jacksonville Service Office
Shelley Wintjen
Lexington Regional Office
Jackie Mitchell
Email: jody.coste@cgb.com
Phone: (701) 356‐6261
Fax: (701) 356‐6270
Email: shelley.wintjen@cgb.com
Phone: (217) 479-6088
Fax: (217) 245-0522
Email: jackie.mitchell@cgb.com
Phone: (859) 264-5206
Fax: (859) 543‐1045
* Premium limits may apply. This summary is provided for information purposes. Policy Provisions supersede this summary in all cases. Diversified Crop Insurance Services is a company of CGB Enterprises, Inc. and is an equal opportunity provider. #6148_111815
Private Products
I
(866) 669-3429
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www.diversifiedservices.com
Price Select
Monthly Average of December Corn Futures
Price Select
Year\Month
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Oct
2006
$2.54
$2.44
$2.49
$2.59
$2.58
$2.69
$2.74
$2.63
$2.66
$2.46
$3.03
2007
$3.68
$3.61
$3.84
$4.06
$4.05
$3.80
$3.75
$3.91
$3.44
$3.48
$3.58
2008
$4.49
$4.52
$5.05
$5.40
$5.67
$6.14
$6.26
$7.31
$6.65
$5.69
$4.13
2009
$4.16
$4.15
$4.36
$4.04
$4.11
$4.18
$4.43
$4.34
$3.37
$3.34
$3.72
2010
$4.37
$4.35
$4.17
$3.99
$3.98
$3.82
$3.86
$3.67
$3.91
$4.24
$5.46
2011
$5.48
$5.40
$5.67
$6.01
$5.98
$6.56
$6.57
$6.68
$6.60
$7.24
$6.32
2012
$6.05
$5.61
$5.68
$5.68
$5.59
$5.42
$5.23
$5.53
$7.52
$8.09
$7.50
2013
$6.27
$6.21
$5.86
$5.65
$5.58
$5.40
$5.40
$5.46
$4.97
$4.70
$4.39
2014
$4.62
$4.58
$4.51
$4.62
$4.85
$5.03
$4.85
$4.46
$3.87
$3.69
$3.62
2015
$4.17
$4.27
$4.15
$4.15
$4.11
$3.98
$3.78
$3.81
$4.19
$3.79
$3.83
10 yr avg
$4.58
$4.51
$4.58
$4.62
$4.65
$4.70
$4.69
$4.78
$4.72
$4.67
$4.56
Price Select
Years of 34 February or October highest price:
Years of 8 February or October highest price:
Average gain of Nov/Dec/Jan/Mar over Feb/Oct:
$4.80
Cost of this insurance product per bushel:
Average December Corn Futures, 2006-2014
Monthly Average of December Corn Futures
Monthly Average of December Corn Futures
Nov
$4.63
Dec
$4.54
Jan
Feb
Mar
Apr
May
Jun
Jul
Monthly
Average
of December
Cotton
Futures
$4.64
$4.68
$4.69
$4.75
$4.79
$4.89
$4.79
Nov
Dec
Oct
$4.64
Year\Month
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Oct
2006
$2.54
$2.44
$2.49
$2.59
$2.58
$2.69
$2.74
$2.63
$2.66
$2.46
$3.03
2007
$3.68
$3.61
$3.84
$4.06
$4.05
$3.80
$3.75
$3.91
$3.44
$3.48
$3.58
Year\Month
2008
$4.49
$4.52
$5.05
$5.40
$5.67
$6.14
$6.26
$7.31
$6.65
$5.69
$4.13
2006
2009
$4.16
$4.15
$4.36
$4.04
$4.11
$4.18
$4.43
$4.34
$3.37
$3.34
$3.72
2007
2010
$4.37
$4.35
$4.17
$3.99
$3.98
$3.82
$3.86
$3.67
$3.91
$4.24
$5.46
2008
2011
$5.48
$5.40
$5.67
$6.01
$5.98
$6.56
$6.57
$6.68
$6.60
$7.24
$6.32
2012
$6.05
$5.61
$5.68
$5.68
$5.59
$5.42
$5.23
$5.53
$7.52
$8.09
$7.50
2009
$ 50.54 $ 50.67 $ 54.79 $ 52.30 $ 48.23 $ 54.26 $ 60.43 $ 58.75 $ 61.27 $ 60.60 $ 65.63
2010 $4.60$ 76.19 $ 76.36 $ 73.46 $ 72.36 $ 74.99 $ 76.39 $ 77.46 $ 78.08 $ 74.99 $ 83.04 $ 112.33
2013
$6.27
$6.21
$5.86
$5.65
$5.58
$5.40
$5.40
$5.46
$4.97
$4.70
$4.39
2014
$4.62
$4.58
$4.51
$4.62
$4.85
$5.03
$4.85
$4.46
$3.87
$3.69
$3.62
2011
2015
$4.17
$4.27
$4.15
$4.15
$4.11
$3.98
$3.78
$3.81
$4.19
$3.79
$3.83
10 yr avg
$4.58
$4.51
$4.58
$4.62
$4.65
$4.70
$4.69
$4.78
$4.72
$4.67
$4.56
Price Select
Years of 34 February or October highest price:
Years of 8 February or October highest price:
Average gain of Nov/Dec/Jan/Mar over Feb/Oct:
$4.80
Cost of this insurance product per bushel:
Average December Corn Futures, 2006-2014
Nov
$4.70
2013
2014
2015
Mar
Apr
May
Jun
Jul
Aug
Oct
$ 58.13 $ 59.52 $ 59.57 $ 58.05 $ 58.72 $ 57.09 $ 54.10 $ 59.26 $ 64.99 $ 60.38 $ 64.01
$ 73.76 $ 73.10 $ 77.19 $ 79.32 $ 85.82 $ 82.49 $ 78.30 $ 78.02 $ 73.67 $ 69.37 $ 50.57
$ 50.54 $ 50.67 $ 54.79 $ 52.30 $ 48.23 $ 54.26 $ 60.43 $ 58.75 $ 61.27 $ 60.60 $ 65.63
$4.60
$ 76.19
$ 76.36 $ 73.46 $ 72.36 $ 74.99 $ 76.39 $ 77.46 $ 78.08 $ 74.99 $ 83.04 $ 112.33
$ 91.72 $ 95.93 $ 105.45 $ 122.83 $ 125.15 $ 133.05 $ 124.17 $ 127.58 $ 105.05 $ 103.48 $ 101.05
2011
2012
Feb
$4.65
2009
2010
Jan
$ 56.82 $ 56.76 $ 59.38 $ 60.38 $ 58.30 $ 57.53 $ 55.36 $ 56.44 $ 53.96 $ 55.64 $ 49.38
2007
2008
Dec
$ 93.48
$4.55
$ 87.14 $ 93.06 $ 93.35 $ 90.04 $ 88.20 $ 77.28 $ 69.69 $ 71.46 $ 74.70 $ 72.99
$ 76.07 $ 78.07 $ 79.59 $ 83.11 $ 87.01 $ 85.75 $ 84.82 $ 85.78 $ 85.33 $ 87.27 $ 82.58
$ 76.49 $ 77.01 $ 78.28 $ 77.68 $ 79.67 $ 81.39 $ 81.77 $ 76.82 $ 68.02 $ 65.00 $ 63.72
$4.50
10 yr avg
$ 64.58 Nov
$ 64.50Dec$ 63.16Jan $ 64.46
$ 65.20
$ 64.19
$ Oct
63.00
Feb $ 63.99
Mar $ 65.08
Apr $ 65.39
May $ 65.11
Jun
Jul
Aug
$ 71.78 $ 71.91 $ 74.39 $ 76.38 $ 77.19 $ 78.12 $ 75.91 $ 75.55 $ 72.39 $ 72.37 $ 72.53
Average December Corn Futures, 2006-2015
$79.00
$78.00
Price Select
$77.00
$76.00
Monthly Average of November Soybeans Futures
$74.00
Nov
Year\Month
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Oct
2006$73.00 $
6.04
$6.19
$6.15
$6.19
$6.11
$6.01
$6.19
$6.16
$6.15
$5.70
$5.93
2007
$
7.09
$7.20
$7.51
$8.09
$8.01
$7.80
$8.08
$8.58
$8.81
$8.60
$9.75
2008
$ 10.03
$10.70
$12.17
$13.36
$12.69
$12.37
$13.00
$14.89
$14.92
$12.85
$10.36
$9.29
$10.03
$9.66
$72.00
$8.93
$9.71
$8.80
$8.47
$9.22
$9.98
2010
Nov
$ 10.07
Dec
$10.18
Jan
$9.60
Feb
$9.23
Mar
$9.29
Apr
$9.52
May
$9.29
2011
$ 11.79
$12.37
2009$71.00 $
9.25
$10.39
Jun
$9.14
$13.13Average
$13.49December
$13.32 Cotton
$13.67Futures,
$13.402006-2015
$13.53
Jul$9.58 Aug$10.21 Oct $11.63
$13.65
$13.67
2012
$ 11.85
$11.63
$12.04
$12.55
$13.13
$13.64
$13.17
$13.49
$15.73
$16.62
$15.39
$ 13.05
$13.14
$12.96
$12.87
$12.67
$12.23
$12.89
$12.97
$12.54
$12.66
$12.87
2014
$ 11.57
$11.60
$11.13
$11.36
$11.84
$12.27
$12.33
$12.20
$10.97
$10.53
$9.65
2015
$ 10.14
$10.11
$9.84
$9.73
$9.61
$9.56
$9.30
$9.39
$9.92
$9.16
$8.91
10 yr avg
$10.09
$10.21
$10.42
$10.57
$10.51
$10.63
$10.76
$11.07
$11.16
$11.00
$10.63
$10.60
$10.40
May
Jun
Jul
Aug
Oct
$ 58.13 $ 59.52 $ 59.57 $ 58.05 $ 58.72 $ 57.09 $ 54.10 $ 59.26 $ 64.99 $ 60.38 $ 64.01
$ 91.72 $ 95.93 $ 105.45 $ 122.83 $ 125.15 $ 133.05 $ 124.17 $ 127.58 $ 105.05 $ 103.48 $ 101.05
2012 $4.55$ 93.48 $ 87.14 $ 93.06 $ 93.35 $ 90.04 $ 88.20 $ 77.28 $ 69.69 $ 71.46 $ 74.70 $ 72.99
$ 76.07 $ 78.07 $ 79.59 $ 83.11 $ 87.01 $ 85.75 $ 84.82 $ 85.78 $ 85.33 $ 87.27 $ 82.58
2013
2014 $4.50$ 76.49 $ 77.01 $ 78.28 $ 77.68 $ 79.67 $ 81.39 $ 81.77 $ 76.82 $ 68.02 $ 65.00 $ 63.72
Nov $ 64.50
Dec $ 63.16
Jan
Feb
Mar
2015
$ 64.58
$ 64.46
$ 63.99
$ Apr
65.08 $ May
65.39 $Jun65.11 $Jul 65.20 Aug
$ 64.19 Oct
$ 63.00
$ 71.78 $ 71.91 $ 74.39 $ 76.38 $ 77.19 $ 78.12 $ 75.91 $ 75.55 $ 72.39 $ 72.37 $ 72.53
Average December Corn Futures, 2006-2015
Price Select
$78.00
Monthly Average of November Soybean Futures
$77.00
$76.00
Nov
Year\Month
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Oct
$6.19
$6.15
$6.19
$6.11
$6.01
$6.19
$6.16
$6.15
$5.70
$5.93
2006
$75.00 $
6.04
2007
7.09
$7.20
$7.51
$8.09
$8.01
$7.80
$8.08
$8.58
$8.81
$8.60
$9.75
$74.00
2008
$ 10.03
$10.70
$12.17
$13.36
$12.69
$12.37
$13.00
$14.89
$14.92
$12.85
$10.36
9.25
$8.93
$9.71
$8.80
$8.47
$9.22
$9.98
$10.39
$9.29
$10.03
$9.66
$ 10.07
$10.18
$9.60
$9.23
$9.29
$9.52
$9.29
$9.14
$9.58
$10.21
$11.63
$
2009
$
$73.00
2010
$72.00 $ 11.79
2011
$12.37
$13.13
$13.49
$13.32
$13.67
$13.40
$13.53
$13.65
$13.67
$12.14
2012
$11.63
$12.04
$12.55
$13.13
$13.64
$13.17
$13.49
$15.73
$16.62
$15.39
$12.87
Feb
$12.67
Mar
$12.23
Apr
$12.89
May
$12.97
Jun
$12.87
Oct
$71.00
$ 11.85
2013
$ 13.05
Nov
$13.14
Dec
$12.96
Jan
$12.54
Jul
$12.66
Aug
2014
$ 11.57
$11.60
$11.13Average
$11.36December
$11.84 Cotton
$12.27Futures,
$12.332006-2015
$12.20
$10.97
$10.53
$9.65
2015
$ 10.14
$10.11
$9.84
$9.73
$9.61
$9.56
$9.30
$9.39
$9.92
$9.16
$8.91
10 yr avg
$10.09
$10.21
$10.42
$10.57
$10.51
$10.63
$10.76
$11.07
$11.16
$11.00
$10.63
Average of November Soybean Futures
$11.20
Dec
$4.54
$11.00
Jan
$4.64
Feb
$4.68
Mar
$4.69
Feb
Mar
Apr
$4.75
May
$4.79
Jun
$4.89
Jul
$4.79
$10.80
$10.60
$10.40
$10.20
$10.00
Nov
$10.80
Apr
$ 73.76 $ 73.10 $ 77.19 $ 79.32 $ 85.82 $ 82.49 $ 78.30 $ 78.02 $ 73.67 $ 69.37 $ 50.57
Dec
Jan
Apr
May
Jun
Jul
Aug
Oct
Average November Soybean Futures, 2006-2015
$11.20
$11.00
Mar
$12.14
2013
Average of November Soybean Futures
Feb
$4.65
Monthly Average of November Soybean Futures
$75.00
Jan
$ 56.82 $ 56.76 $ 59.38 $ 60.38 $ 58.30 $ 57.53 $ 55.36 $ 56.44 $ 53.96 $ 55.64 $ 49.38
$79.00
$4.75
2006
$4.70
10 yr avg
Nov
DecAverage
Jan
Feb of December
Mar
Apr
May Cotton
Jun
Jul
Oct
Monthly
Futures
Monthly
Average
of
December
Cotton
Futures
$4.63
$4.54
$4.64
$4.68
$4.69
$4.75
$4.79
$4.89
$4.79
$4.64
Year\Month
$4.75
Dec
$4.54
Jan
$4.64
Feb
$4.68
Mar
$4.69
Apr
$4.75
May
$4.79
Jun
$4.89
Jul
$4.79
* Premium limits may apply. This summary is provided for information purposes. Policy Provisions supersede this summary in all cases. Diversified Crop Insurance Services is a company of CGB Enterprises, Inc. and is an equal opportunity provider. #6148_111815
Private Products
I
(866) 669-3429
I
www.diversifiedservices.com