The CEPP peanut factors necessary to establish the insured’s amount of protection under the peanut program for the 2016 CY are identified below. The factors are applied to the commodity prices for wheat, cotton, soybean oil, and soybean meal during the discovery period of February 1, 2016 to February 28, 2016. These factors apply only to States with a Sales Closing Date (SCD) of March 15, 2016. They are determined in accordance with the Peanut Price Methodology guidelines published and available at CEPP - PEANUTS.

The factor values for the pricing of Yield Protection (01), Revenue Protection (02), and Revenue Protection with Harvest Price Exclusion (03) for 2016 crop year peanuts in states and counties with a March 15, 2016 SCD as specified in the CEPP are shown below.

The values for the exponent factors for each exchange commodity futures contract are:

Commodity	Abbreviation	Value
Wheat	Ewh	-0.2423
Cotton	Ect	0.3135
Soybean Oi	Eso	0.8391
Soybean Meal	Esm	-0.3768

The Values for the price constant and price weighting factors are:

Variable	Abbreviation	Value
Prince Constant	C	0.1558
Price Weighting Formula	W	1.8259

The Values for the type factors are:

Type	Abbreviation	Value
Runner	Tru	1.00
Spanish	Tsp	1.40
Valencia	Tva	1.20
Virginia	Tvi	1.20

Additionally, the factor specifications for commodities utilized to determine price volatility are as follows:

Commodity	Abbreviation	Value
Wheat	Gwh	-0.4241
Cotton	Gct	0.8045
Soybean Oil	Gso	0.0954
Soybean Meal	Gsm	0.4326

The Value for the volatility weighting factor is:

Variable	Abbreviation	Value
Volatility Weighting Factor	V	1.0189

Disposal Date:
December 31, 2016