Commodity Exchange Price Provisions
The Commodity Exchange Price Provisions (CEPP) are used in conjunction with either the Common Crop Insurance Policy Basic Provisions or the Area Risk Protection Insurance Basic Provisions, along with the Crop Provisions for the following crops: barley, canola (including rapeseed), corn, cotton, grain sorghum, rice, soybeans, sunflowers, and wheat.
In accordance with section 1 of either the Common Crop Insurance Policy Basic Provisions or the Area Risk Protection Insurance Basic Provisions, the CEPP specifies how and when the projected and harvest price components will be determined by crop. There are two sections contained in the CEPP:
- Section I: General Information. This section contains information relevant for all applicable crops, including definitions and common policy material.
- Section II: Price Definitions. This section contains crop-specific projected and harvest price definitions and specifications, including commodity exchanges, contracts, and discovery periods.
The following documents are in effect for the 2023 crop year:
- All documents denoted as 23-CEPP.
- The Canola 18-CEPP document, which is carried into 2023.
- The Peanut 21-CEPP-PT document, which is carried into 2023.
Documents dated prior to 2023 – except for Canola and Peanuts – are applicable for the 2022 crop year. For example, the Barley 19-CEPP document is in effect for the 2022 crop year.
The 23-CEPP documents contain text changes from prior years, which are summarized in a Summary of Changes page at the top of each document. RMA may elect to update CEPP documents at a future date. These future updates will occur no later than November 30, 2022.
The most current pricing methodologies are posted at www.rma.usda.gov/Topics/Publications under "Price Election Methodology."
For more information, contact Revenue Support Team.