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Policy & Procedure

Product Management Bulletin-PM-21-058

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Date
To
All Approved Insurance Providers
All Risk Management Agency Field Offices
All Other Interested Parties
From
Richard H. Flournoy, Deputy Administrator
Subject
2022 Crop Year (CY) Common Crop Insurance Policy Projected Prices And Volatility Factors Announcement

Common Crop Insurance Policy 1

The 2022 CY projected prices shown below are approved for the Yield Protection, Revenue Protection, and Revenue Protection with Harvest Price Exclusion plans of insurance. The 2022 CY volatility factors shown below are approved for the Revenue Protection and Revenue Protection with Harvest Price Exclusion plans of insurance. The projected prices and volatility factors are applicable for the crops, types, practices, sales closing date and states indicated in the following table.

Crop/Type/Practice Sales Closing Date/State Exchange Contract Projected Price Volatility Factor
Barley October 31 Sales Closing Date Arizona & California CBOT July Corn $4.82/bushel 0.19
Barley Organic Practice October 31 Sales Closing Date Arizona & California CBOT July Corn $10.30/bushel 0.19
Barley - Winter October 31 Sales Closing Date Nevada & Utah CBOT September Corn $4.62/bushel 0.21
Barley - Winter Organic Practice October 31 Sales Closing Date Nevada & Utah CBOT September Corn $9.88/bushel 0.21
Wheat - Winter October 31 Sales Closing Date Arizona & California KCBT July HRW Wheat $7.27/bushel 0.21
Wheat - Winter Organic Practice October 31 Sales Closing Date Arizona & California KCBT July HRW Wheat $14.77/bushel 0.21
Wheat - Durum October 31 Sales Closing Date Arizona & California MGE July HRS Wheat $10.49/bushel 0.19
Wheat – Durum Organic Practice October 31 Sales Closing Date Arizona & California MGE July HRS Wheat $21.31/bushel 0.19
1 Projected Prices and Volatility Factors are applicable for the Enhanced Coverage Option (ECO) and the Supplemental Coverage Option (SCO).
DISPOSAL DATE December 31, 2022