Counter Cyclical
Payment Calculator For 2005-06 |
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| Counter Cyclical Payment Tool from the University of Illinois | Counter Cyclical Payment Tool from Iowa State University |
| Counter Cyclical Payments - Marketing Year Schedule | ||||
| And Estimated Payments For 2005 - 2006** | ||||
| Corn | ||||
| U.S. Monthly Average Price for Corn 2005 - 06 marketing year | ||||
| % of Crop | ||||
| Corn | Estimated to be Marketed | |||
| Price | Each Month | Year to Date | ||
| Month | $/Bu. | (Previous 5-Year average) | % Marketed | |
| September | $1.90 | 8.2% | 8.2% | |
| October | $1.82 | 13.6% | 21.8% | |
| November | $1.77 | 11.8% | 33.6% | |
| December | $1.92 | 7.8% | 41.4% | |
| January | $2.00 | 13.9% | 55.3% | |
| February | $2.02 | 6.6% | 61.9% | |
| March | $2.01 | 7.1% | 69.0% | |
| April | $0.00 | 5.7% | 74.7% | |
| May | $0.00 | 5.3% | 80.0% | |
| June | $0.00 | 6.1% | 86.1% | |
| July | $0.00 | 7.1% | 93.2% | |
| August | $0.00 | 6.8% | 100.0% | |
| 12 Month Total | 100.0% | |||
| USDA's Projected Marketing Year Average Price, 4/10/06 | $1.95 | |||
| Projected average corn price for the rest of the year to meet USDA's projected price | $2.05 | |||
| Year to date USDA's estimated weighted average price | $1.91 | |||
| Marketing Year Price where CCP = 0 | $2.35 | |||
| Projected CCP based on USDA's Projected Average Price | $0.40 | |||
| Projected CCP based on USDA's Weighted Average Price to Date | $0.40 | |||
| Average Corn Price for the rest of the year to receive a CCP | ||||
| 0 Cents (No Payment) | $3.34 | |||
| 2 Cents | $3.27 | |||
| 5 Cents | $3.17 | |||
| 10 Cents | $3.01 | |||
| 20 Cents | $2.69 | |||
| 30 Cents | $2.37 | |||
| 40 Cents (Maximum) | $2.05 | Max. CCP is the target price ($2.63) minus the loan rate ($1.95) minus direct payment ($0.28) = $0.40 | ||
| Counter Cyclical Payments - Marketing Year Schedule | ||||
| And Estimated Payments For 2005 - 2006** | ||||
| Soybeans | ||||
| U.S. Monthly Average Price for Soybeans 2005 - 06 marketing year | ||||
| % of Crop | ||||
| Soybeans | Estimated to be Marketed | |||
| Price | Each Month | Year to Date | ||
| Month | $/Bu. | (Previous 5-Year average) | % Marketed | |
| September | $5.77 | 7.1% | 7.1% | |
| October | $5.67 | 22.2% | 29.3% | |
| November | $5.62 | 9.8% | 39.1% | |
| December | $5.77 | 8.4% | 47.5% | |
| January | $5.88 | 14.7% | 62.2% | |
| February | $5.67 | 8.1% | 70.3% | |
| March | $5.55 | 7.8% | 78.1% | |
| April | $0.00 | 5.3% | 83.4% | |
| May | $0.00 | 4.4% | 87.8% | |
| June | $0.00 | 4.2% | 92.0% | |
| July | $0.00 | 4.3% | 96.3% | |
| August | $0.00 | 3.7% | 100.0% | |
| 12 Month Total | 100.0% | |||
| USDA's Projected Marketing Year Average Price, 4/10/06 | $5.60 | |||
| Projected average soybean price for the rest of the year to meet USDA's projected price | $5.20 | |||
| Year to date USDA's estimated weighted average price | $5.71 | |||
| Marketing Year Price where CCP = 0 | $5.36 | |||
| Projected CCP based on USDA's Projected Average Price | $0.00 | |||
| Projected CCP based on USDA's Weighted Average Price to Date | $0.00 | |||
| Average Soybean Price for the rest of the year to receive a CCP | ||||
| 0 Cents (No Payment) | $4.11 | |||
| 2 Cents | $4.02 | |||
| 5 Cents | $3.88 | |||
| 10 Cents | $3.65 | |||
| 20 Cents | $3.19 | |||
| 30 Cents | $2.74 | |||
| 36 Cents (Maximum) | $2.46 | Max. CCP is the target price ($5.80) minus the loan rate ($5.00) minus direct payment ($0.44) = $0.36 | ||
| Counter Cyclical Payments - Marketing Year Schedule | ||||
| And Estimated Payments For 2005 - 2006** | ||||
| Wheat | ||||
| U.S. Monthly Average Price for Wheat 2005 - 06 marketing year | ||||
| % of Crop | ||||
| Wheat | Estimated to be Marketed | |||
| Price | Each Month | Year to Date | ||
| Month | $/Bu. | (Previous 5-Year average) | % Marketed | |
| June | $3.23 | 13.1% | 13.1% | |
| July | $3.20 | 18.4% | 31.5% | |
| August | $3.24 | 11.6% | 43.1% | |
| September | $3.35 | 8.8% | 51.9% | |
| October | $3.43 | 6.6% | 58.5% | |
| November | $3.47 | 6.0% | 64.5% | |
| December | $3.54 | 7.4% | 71.9% | |
| January | $3.52 | 8.4% | 80.3% | |
| February | $3.66 | 5.7% | 86.0% | |
| March | $3.71 | 5.6% | 91.6% | |
| April | $0.00 | 4.1% | 95.7% | |
| May | $0.00 | 4.3% | 100.0% | |
| 12 Month Total | 100.0% | |||
| USDA's Projected Marketing Year Average Price, 4/10/06 | $3.40 | |||
| Projected average wheat price for the rest of the year to meet USDA's projected price | $3.68 | |||
| Year to date USDA's estimated weighted average price | $3.37 | |||
| Marketing Year Price where CCP = 0 | $3.40 | |||
| Projected CCP based on USDA's Projected Average Price | $0.00 | |||
| Projected CCP based on USDA's Weighted Average Price to Date | $0.03 | |||
| Average Wheat Price for the rest of the year to receive a CCP | ||||
| 0 Cents (No Payment) | $3.68 | |||
| 5 Cents | $3.08 | |||
| 10 Cents | $2.49 | |||
| 20 Cents | $1.30 | |||
| 30 Cents | $0.11 | |||
| 40 Cents | -$1.09 | |||
| 50 Cents | -$2.28 | |||
| 60 Cents | -$3.47 | |||
| 65 Cents (Maximum) | -$4.06 | Max. CCP is the target price ($3.92) minus the loan rate ($2.75) minus direct payment ($0.52) = $0.65 | ||
| Counter Cyclical Payments - Marketing Year Schedule | ||||
| And Estimated Payments For 2005 - 2006** | ||||
| Grain Sorghum | ||||
| U.S. Monthly Average Price for Grain Sorghum 2005 - 06 marketing year | ||||
| % of Crop | ||||
| Sorghum | Estimated to be Marketed | |||
| Price | Each Month | Year to Date | ||
| Month | $/Bu. | (Previous 5-Year average) | % Marketed | |
| September | 1.91 | 7.1% | 7.1% | |
| October | 1.67 | 10.4% | 17.5% | |
| November | 1.58 | 15.1% | 32.6% | |
| December | 1.63 | 16.2% | 48.8% | |
| January | 1.76 | 11.2% | 60.0% | |
| February | 1.90 | 5.7% | 65.7% | |
| March | 1.84 | 4.3% | 70.0% | |
| April | 0.00 | 3.2% | 73.2% | |
| May | 0.00 | 2.6% | 75.8% | |
| June | 0.00 | 6.5% | 82.3% | |
| July | 0.00 | 7.9% | 90.2% | |
| August | 0.00 | 9.8% | 100.0% | |
| 12 Month Total | 100.0% | |||
| USDA's Projected Marketing Year Average Price, 4/10/06 | $1.75 | |||
| Projected average grain sorghum price for the rest of the year to meet USDA's projected price | $1.85 | |||
| Year to date USDA's estimated weighted average price | $1.71 | |||
| Marketing Year Price where CCP = 0 | $2.22 | |||
| Projected CCP based on USDA's Projected Average Price | $0.27 | |||
| Projected CCP based on USDA's Weighted Average Price to Date | $0.27 | |||
| Average Sorghum Price for the rest of the year to receive a CCP | ||||
| 0 Cents (No Payment) | $3.41 | |||
| 5 Cents | $3.25 | |||
| 10 Cents | $3.08 | |||
| 15 Cents | $2.91 | |||
| 20 Cents | $2.75 | |||
| 25 Cents | $2.91 | |||
| 27 Cents (Maximum) | $2.51 | Max. CCP is the target price ($2.57) minus the loan rate ($1.95) minus direct payment ($0.35) = $0.27 | ||
| Counter Cyclical Payments - Marketing Year Schedule | ||||
| And Estimated Payments For 2005 - 2006** | ||||
| Cotton | ||||
| U.S. Monthly Average Price for Cotton 2005 - 06 marketing year | ||||
| % of Crop | ||||
| Cotton | Estimated to be Marketed | |||
| Price | Each Month | Year to Date | ||
| Month | $/lb. | (Previous 5-Year average) | % Marketed | |
| August | $0.421 | 3.4% | 3.4% | |
| September | $0.443 | 6.2% | 9.6% | |
| October | $0.485 | 14.4% | 24.0% | |
| November | $0.485 | 15.3% | 39.3% | |
| December | $0.479 | 16.2% | 55.5% | |
| January | $0.486 | 12.6% | 68.1% | |
| February | $0.490 | 11.5% | 79.6% | |
| March | $0.496 | 6.8% | 86.4% | |
| April | $0.000 | 3.8% | 90.2% | |
| May | $0.000 | 2.9% | 93.1% | |
| June | $0.000 | 3.3% | 96.4% | |
| July | $0.000 | 3.6% | 100.0% | |
| 12 Month Total | 100.0% | |||
| USDA's Projected Marketing Year Average Price, 4/10/06 | $0.520 | ** | ||
| Projected average cotton price for the rest of the year to meet USDA's projected price | $0.774 | |||
| Year to date USDA's estimated weighted average price | $0.480 | |||
| Marketing Year Price where CCP = 0 | $0.657 | |||
| Projected CCP based on USDA's Projected Average Price | $0.137 | |||
| Projected CCP based on USDA's Weighted Average Price to Date | $0.137 | |||
| Average Cotton Price for the rest of the year to receive a CCP | ||||
| 0 Cents (No Payment) | $1.7836 | |||
| 1 Cents | $1.7100 | |||
| 2 Cents | $1.6365 | |||
| 3 Cents | $1.5630 | |||
| 4 Cents | $1.4894 | |||
| 5 Cents | $1.4159 | |||
| 10 Cents | $1.0483 | |||
| 13.73 Cents (Maximum) | $0.7740 | Max. CCP is the target price ($0.724) minus the loan rate ($0.52) minus direct payment ($0.0667) = $0.1373 | ||
| ** Calculated price based on the difference between the marketing year price | ||||
| where the CCP =0, $0.6573, and the announced projected CCP rate from USDA | ||||
| of $0.0481, the maximum. ($0.6573 - $0.1373 = $0.520) | ||||
| Counter Cyclical Payments - Marketing Year Schedule | ||||
| And Estimated Payments For 2005 - 2006** | ||||
| Rice | ||||
| U.S. Monthly Average Price for Rice 2005 - 06 marketing year | ||||
| % of Crop | ||||
| Rice | Estimated to be Marketed | |||
| Price | Each Month | Year to Date | ||
| Month | $/cwt. | (Previous 5-Year average) | % Marketed | |
| August | $6.54 | 7.0% | 7.0% | |
| September | $6.95 | 7.9% | 14.9% | |
| October | $6.94 | 9.2% | 24.1% | |
| November | $7.44 | 8.2% | 32.3% | |
| December | $7.49 | 8.8% | 41.1% | |
| January | $7.67 | 12.4% | 53.5% | |
| February | $7.97 | 9.2% | 62.7% | |
| March | $8.05 | 8.7% | 71.4% | |
| April | $0.00 | 8.0% | 79.4% | |
| May | $0.00 | 7.0% | 86.4% | |
| June | $0.00 | 6.7% | 93.1% | |
| July | $0.00 | 6.9% | 100.0% | |
| 12 Month Total | 100.0% | |||
| USDA's Projected Marketing Year Average Price, 4/10/06 | $7.70 | |||
| Projected average rice price for the rest of the year to meet USDA's projected price | $8.39 | |||
| Year to date USDA's estimated weighted average price | $7.42 | |||
| Marketing Year Price where CCP = 0 | $8.15 | |||
| Projected CCP based on USDA's Projected Average Price | $0.45 | |||
| Projected CCP based on USDA's Weighted Average Price to Date | $0.73 | |||
| Average Rice Price for the rest of the year to receive a CCP | ||||
| 0 Cents (No Payment) | $9.97 | |||
| 25 Cents | $9.09 | |||
| 50 Cents | $8.22 | |||
| 75 Cents | $7.35 | |||
| $1.00 | $6.47 | |||
| $1.25 | $5.60 | |||
| $1.50 | $4.72 | |||
| $1.65 (Maximum) | $4.20 | Max. CCP is the target price ($10.50) minus the loan rate ($6.50) minus direct payment ($2.35) = $1.65 | ||
| **Counter-cyclical payment rates are based on the national average marketing year farm | ||||
| price as reported by USDA's National Agricultural Statistics Service (NASS). This price is a | ||||
| weighted average price based on farmer marketing's and prices received throughout the | ||||
| nation during the 12-month marketing year. | ||||
| Column (1) is the 12 month Crop Marketing Year. | ||||
| Column (2) is the National Average crop price for the month. The NASS monthly price can | ||||
| be found at the following site: http://jan.mannlib.cornell.edu/reports/nassr/price/pap-bb/ | ||||
| The monthly prices are released at the end of each month. | ||||
| Column (3) is the 5 Year Average of the Monthly Percentage Marketed for each month. | ||||
| This is not the actual weighted average for 2003 - 2004. USDA will determined the | ||||
| monthly weighted average at the end of the marketing year. Use this column only as a | ||||
| guideline. The historical monthly percentage marketed can be found at the following web site: | ||||
| http://jan.mannlib.cornell.edu/reports/nassr/price/zap-bb/ | ||||
| Column (4) is the Year to Date or Cumulative Average Monthly percentage Marketed | ||||
| from Column (3). | ||||
| Column (5) is the Weighted Average Monthly Price for calculating Counter-Cyclical Payments (CCP). | ||||
| It is calculated by multiplying Column (2) and Column (3). The sum of the 12 months | ||||
| gives the national weighted average price for calculating CCP. The 12 month CCP price | ||||
| is summed up in the 12 month total row. | ||||
| Column (6) is the Year to Date or Cumulative Weighted Average Monthly Price. | ||||
| from Column (5). | ||||
| Column (7) is the Year to Date or Cumulative Weighted Average Price which is used to | ||||
| determine the amount of the CCP. | ||||