All Risk Management Agency Field Offices
All Other Interested Parties
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