SPE/RIC

[Riley]

Any thoughts on possible SPE/RIC payments for the various grains?

[charliep]

Prices should be available very quickly from AFSC. If you want a preliminary thought, I can work through specific commodities.

[TOM4CWB]

Charlie;

Should the prices be out this week?

[charliep]

Talked to AFSC and numbers have not been released. They are targeting to get payments out in early December with fall prices released just ahead of this.

As I have said, can work through the process/can give a forecast. Something like canola is tough given the SPE portion is tight (range of $32 to $44/tonne). Barley is likely about $8/tonne revenue insurance. CWRS/CPS wheat is likely about $17 and $24/tonne respectively. I can provide thoughts (not official numbers) on other crops.

[charliep]

The fall prices are available at:

http://www.afsc.ca/Insurance/Market Prices/default.htm

Will see if anyone reads this far down (maybe have to repost) but looking for comments on these AFSC price programs. In particular, I am involved in a review process of both the fall pricing procedure and the revenue insurance prices. Your thoughts/opinions will be much appreciated.