Base Price Tracking

Trending Now: 06.07.13

2013 Wheat Harvest Price Tracking has begun. The Wheat BASE price is $8.78/bu and HARVEST Price tracking right now at $7.46/bu so keep a watch on the home page of the web site for updates each day and the final HARVEST to be set after June 30th!! 

Also, we have mailed or contacted you about your 2013 SPRING Acreage Reports, so when you are finished planting your Spring crops just get them filled out and sent back to the office for processing!! If you have filed claims already on your Spring crops and have not reported your acres to us, please do so as soon as possible as this will aid in the processing of your claims!!!  

If you are planting ZERO acres, we still need you to sign and return your acreage report!! Verify your SHARES, LAND LEGALS, PRACTICES, etc. before sending in your reports and once you receive your SCHEDULE OF INSURANCE, review it for accuracy because we  only have 10 DAYS from the date you receive it to make any corrections now. 

Crop Hail rates are set for this hail season and July Cotton Rates should be out around June 17th!!

As always, if you have questions about your coverage, please give us a call!!

2013-06-07T12:24:56-04:00June 7th, 2013|Ag News, Base Price Tracking, Trending Now|

RP WINTER WHEAT: Texas

State: Texas
Discovery Period: 08/15/13 – 09/14/13
Final Base Price: $7.02

Week Mon. Tues. Wed. Thur. Fri.
 1
7.0625 7.0475
 2 7.0725 7.0075 7.0200 6.9475 6.9750
 3 7.1500 7.1325 7.1325 7.0450 7.0775
 4 7.0200 7.0125 6.9325 6.9675
 5 6.9200 6.9775 6.9325 7.0250 6.9125

*All information is deemed reliable but not guaranteed.
RMA calculated values are not final until the discovery period has ended and the price is approved.


 

STATE: Texas
BASE PRICE MONTH: June 1 – June 30, 2013
APPROVED HARVEST PRICE $7.22
*All information is deemed reliable but not guaranteed.
  Mon. Tues. Wed. Thurs. Fri.
Week 1 7.5150 7.5075 7.4325 7.3850 7.3500
Week 2 7.2600 7.3000 7.1650 7.1850 7.1150
Week 3 7.1375 7.1925 7.3975 7.3700 7.3650
Week 4 7.1525 7.0425 6.9425 6.8650 6.7675
 
 
 
 
 
 
 
 
 

 

State: TX
Base Price Month: Aug. 15 – Sept. 14, 2012
Approved Projected Price=$8.78
 *All information is deemed reliable but not guaranteed.

Daily Ending Market Value
Date Ending Value
08/15 8.4350
08/16
8.5000
08/17 8.7000
08/20
8.7325
08/21 8.8100
08/22
8.7725
08/23
8.7150
08/24
8.6725
08/27
8.6800
08/28
8.6550
08/29 8.8100
08/30 8.7975
08/31 8.8025
09/04 8.8475
09/05 8.7525
09/06 8.8400
09/07 8.9050
09/10 8.8125
09/11 8.8975
09/12 8.9350
09/13 8.9775
09/14 9.1275

Trending Now: 09.13.12

Wheat Estimates & Applications

Wheat estimates and applications will be ready and mailed out on Friday, September 14th. We will use the current daily average price which is hovering around $8.74 per bushel, but the final BASE price will NOT be set until we receive confirmation from RMA on our around the September 17th.  We will be ready to discuss your coverages with you once you receive the estimates and help you make a decision about your coverage for the coming crop year.

Cut Off Date for Changes to Level of Coverage

REMEMBER!! You MUST make any changes to your levels of coverage, changes in entity’s, etc. by NO LATER THAN SEPTEMBER 30th!! So please review the information we are sending you for accuracy and even if there are NO CHANGES we must have the applications signed and returned to our office indicating you’ve reviewed the documents and your intentions for the 2013 crop year.  Our ability to make changes after sales closing has been greatly reduced, so please don’t wait until the last day to review your applications and coverages!!

Production Loss Notification on Spring Planted Crops

Also, as we move forward into Fall harvest season please be sure to notify our office if you think you will have a production loss on your Spring planted crops as soon as possible, so that we can get your losses turned in and assigned to adjusters timely.  The HARVEST prices are tracking and available for viewing on our website daily at www.MyFarmAgent.com.  The FINAL price will be announced after September 30th so having your harvested production IN OUR OFFICE will help us also determine if you have a REVENUE loss, if that is applicable to the coverage you have!! So PLEASE start getting us your production records.

Sales Closing Date for PRF has Changed

PRF (Pasture, Rainfall & Forage) Plan sales closing date has changed to November 15th for the 2013 policy term.  If you are a current policy holder you will receive a note card from us when we have your renewal ready to discuss and if you are a NEW insured to PRF please call our office and make an appointment, as these policies take at least an hour to discuss in detail with you and set up.  You can also look at PRF pricing on the RMA website by using the Decision Support Tool.  There have been some changes in how you can insure your acres in the intervals, so in some cases, it might be more appealing to you than in years past.

Save the Date

This year we’ve decided against having our booth at the Amarillo Farm & Ranch Show, which will be held November 27-29 at the Amarillo Civic Center.  In lieu of the week long event, we will be having a producer meeting Wednesday, November 28th at 4:00pm at the Ambassador Hotel.  We intend to have representatives from the companies present to give us an update on operations, speakers from the local grain boards and from new weather products coming onto the marketplace.  We will conclude the meeting with our annual Hospitality event commencing at 5:00pm.  We hope you will make plans to attend this informative session as we continue forward with the uncertainty of Crop Insurance, the Farm Bill and the affects of governmental decisions on how we continue together in this industry.

Thank You for Allowing Us to Serve You

As always we look forward to servicing your insurance needs and helping you make your farm management decisions!! Thank you for your business and your prompt attention to the upcoming deadlines!! And remember that our website is designed to be a one stop for the ag links and news for you to use 24/7!!

2019-02-25T19:24:01-05:00September 13th, 2012|Ag Reports, Base Price Tracking, Harvest Price Tracking, Meetings, Trending Now|

2013 July Winter Wheat Base Price Tracking as of 08.20.12: Texas

KCBOT: Daily Ending Market Values*
Wheat Revenue Protection Price

Discovery Period: 8/15/2012 to 9/14/2012
Contract: July 2012

Estimated projected price= 8.58 as of 8/20/12
RMA calculated values are not final until the discovery period has ended and

the price is approved. *All information is deemed reliable but not guaranteed.

Daily Ending Market Value
Date Ending Value
08/15 8.4350
08/16
8.5000
08/17 8.7000
08/20 8.6800
2012-08-20T11:58:23-04:00August 20th, 2012|Base Price Tracking|

2012 July WINTER WHEAT Base Price Tracking: Texas

KCBOT: DAILY ENDING MARKET VALUES*
Discovery Period: 8/15/2011 to 9/14/2011
Contract July 2012
Final Base Price=$8.62

RMA calculated values are not final until the discovery period has ended and
the price is approved. *All information is deemed reliable but not guaranteed.

Daily Ending Market Value
Date Ending Value
09/14 8.1075
09/13 8.1750
09/12 8.4325
09/09 8.4400
09/08 8.5875
09/07 8.7000
09/06 8.7450
09/02 8.8775
09/01 8.7775
08/31 9.02
08/30 8.99
08/29 9.0425
08/26 8.9750
08/25 8.78
08/24 8.66
08/23 8.72
08/22 8.5250
08/19 8.47
08/18 8.26
08/17 8.5125
08/16 8.46
08/15 8.38
2011-09-14T15:00:47-04:00September 14th, 2011|Base Price Tracking|
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