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Estimated revenue insurance Portland Harvest Price for Wheat in ID, NV, OR, UT, and WA and for Spring Wheat States with Sales Closing 3/15

		Daily	Daily	Daily		Daily	Daily	Daily
		Closing	Closing	Closing		Closing	Closing	Closing
		Price	Price	Price		Price	Price	Price
		Portland	CBOT	MGE		Portland	CBOT	MGE
		Sep	Sep 05	Sep 05		Sep	Sep 05	Sep 05
	Date	Cash	Wheat	Wheat	Date	Cash	Wheat	Wheat

	08/01/05	3.6100	3.3050	3.5000	08/16/05	3.5300	3.1025	3.3525
	08/02/05	3.6100	3.3200	3.5300	08/17/05	3.5250	3.1425	3.3825
	08/03/05	3.6100	3.2600	3.5000	08/18/05	3.5200	3.2075	3.4250
	08/04/05	3.6150	3.2500	3.5025	08/19/05	3.5100	3.2525	3.4700
	08/05/05	3.6050	3.2000	3.4550	08/22/05	3.5250	3.2300	3.4525
	08/08/05	3.5950	3.2225	3.4425	08/23/05	3.5150	3.1725	3.5000
	08/09/05	3.5800	3.1950	3.3725	08/24/05	3.4800	3.1400	3.5400
	08/10/05	3.5750	3.2350	3.3625	08/25/05	3.4700	3.1575	3.4700
	08/11/05	3.5850	3.2625	3.3950	08/26/05	3.4600	3.1225	3.5700
	08/12/05	3.5800	3.2125	3.3900	08/29/05	3.4450	3.1050	3.5600
	08/15/05	3.5750	3.1575	3.3975	08/30/05	3.4050	3.0725	3.5700
					08/31/05	3.3750	3.0150	3.5150

Avg Harvest		Portland Wheat	Chicago Wheat	Spring Wheat
Price		$3.535	$3.189	$3.463
Plant Price		$4.01		$3.35
Price Change		($0.48)		$0.11
% change		(-11.85%)		3.37%
Increase in Trigger Yield¹		113.4%		100.0%

¹	In years when prices fall, it requires a smaller yield loss to trigger revenue insurance claims. For example the trigger yield for a Wheat grower with a 70.4 bushel APH times 70% coverage is 50 bushels based on the planting price of $4.01. Based on today's lower harvest price this same Wheat grower will have a claim if yields are below 56.7 bushels or 113.4% of the minimum trigger yield of 50 bushels. Wheat growers may calculate their trigger yield by multiplying 113.4% times their APH times the percent insurance coverage they selected. Any yield below this level will trigger revenue insurance claims. This does not apply to MPCI-APH.







	An Example Oregon Wheat Claim. A Oregon Wheat grower with a 71.4 bushels APH X 70% coverage X higher of harvest, plant price of $4.01 would have had a revenue guarantee of $200.50. If this grower produced 20 bushels, then based on today's price of $3.54 the revenue to count would be $70.80 and the indemnity payment would be the difference between the revenue to count and the revenue guarantee for gross indemnity payment of $129.70 (before premium deduction).