AgriLogic was awarded a contract to conduct a feaibility study associated with developing a policy endorsment to insure specialty-use barley and soybeans.

AgriLogic provided a research report that:

• Identified, located, and defined categories of specialty-use barley and soybeans.
• Presented U.S. and state-level historical planted and harvested acres and production for each specialty category identified.
• Identified and presented season average farm-level price and aggregate yield data for each specialty category identified.
• Compared historical farm-level prices for each specialty category to historical RMA prices used in APH and revenue plans of insurance for that commodity.
• Presented, discussed, and defended the price differential that merits development of a separate price election.
• Presented, discussed, and defended the yield differential that merits establishment of a separate APH database.
• Discussed the marketing of specialty-use barley and soybean varieties.
• Determined if open market sales of specialty-use barley and soybeans exist and if a price is published or available for these open market sales.
• Evaluated the feasibility of deriving price factors for specialty-use barley and soybean categories, that represent predictable relationships from year to year, to apply to prices used in APH and revenue plans of insurance.
• Recommended specialty-use barley and soybean categories, if any that were sound candidates for RMA to offer price endorsements.

A wrtten feasibility report was submitted to RMA, and RMA is currently developing this endorsment.