Date
To
All Approved Insurance Providers
All Risk Management Agency Field Offices
All Other Interested Parties
All Risk Management Agency Field Offices
All Other Interested Parties
From
Richard H. Flournoy, Deputy Administrator /s/ Richard H. Flournoy 11/01/2022
Subject
2022 Crop Year (CY) Common Crop Insurance Policy, Area Risk Protection Insurance, and Margin Protection Harvest Prices Announcement
Common Crop Insurance Policy & Area Risk Protection Insurance 1
The 2022 CY harvest prices shown below are approved for the following plans of insurance: Revenue Protection, Area Revenue Protection, Revenue Protection with Harvest Price Exclusion, and Area Revenue Protection – Harvest Price Exclusion. The harvest prices are applicable for the crops, types, practices, sales closing dates, and states indicated in the following table.
| Crop/Type/Practice/ Sales Closing Date/State | Exchange | Contract | Harvest Price |
|---|---|---|---|
| Corn February 28 Sales Closing Date Arizona, California, and Nevada | CBOT | December Corn | $6.86 per bushel |
| Corn – Organic Practice February 28 Sales Closing Date Arizona, California, and Nevada | CBOT | December Corn | $13.62 per bushel |
| Corn March 15 Sales Closing Date Colorado, Connecticut, Delaware, Illinois, Indiana, Iowa, Kansas, Kentucky, Maine, Maryland, Massachusetts, Minnesota, Missouri, Montana, Nebraska, New Hampshire, New Jersey, New Mexico, New York, North Dakota, Ohio, Pennsylvania, Rhode Island, South Dakota, Tennessee, Utah, Vermont, Virginia, West Virginia, Wisconsin, and Wyoming | CBOT | December Corn | $6.86 per bushel |
| Corn – Organic Practice March 15 Sales Closing Date Colorado, Connecticut, Delaware, Illinois, Indiana, Iowa, Kansas, Kentucky, Maine, Maryland, Massachusetts, Minnesota, Missouri, Montana, Nebraska, New Hampshire, New Jersey, New Mexico, New York, North Dakota, Ohio, Pennsylvania, Rhode Island, South Dakota, Tennessee, Utah, Vermont, Virginia, West Virginia, Wisconsin, and Wyoming | CBOT | December Corn | $13.62 per bushel |
| Corn – High Amylose March 15 Sales Closing Date Illinois, Indiana, Iowa, Kansas, Missouri, Nebraska, and South Dakota | CBOT | December Corn | $9.60 per bushel |
| Cotton2 February 28 Sales Closing Date Alabama, Arizona, Arkansas, California, Florida, Georgia, Louisiana, Mississippi, North Carolina, South Carolina, and Texas | ICE | December Cotton | $0.81 per pound |
| Cotton – Organic Practice2 February 28 Sales Closing Date Alabama, Arizona, Arkansas, California, Florida, Georgia, Louisiana, Mississippi, North Carolina, South Carolina, and Texas | ICE | December Cotton | $1.21 per pound |
| Cotton2 March 15 Sales Closing Date Missouri, Tennessee, Texas, and Virginia | ICE | December Cotton | $0.81 per pound |
| Cotton – Organic Practice2 March 15 Sales Closing Date Missouri, Tennessee, Texas, and Virginia | ICE | December Cotton | $1.21 per pound |
| Grain Sorghum February 28 Sales Closing Date Arizona, California, and North Carolina | CBOT | December Corn | $6.83 per bushel |
| Grain Sorghum – Organic Practice February 28 Sales Closing Date Arizona, California, and North Carolina | CBOT | December Corn | $14.28 per bushel |
| Grain Sorghum March 15 Sales Closing Date Colorado, Delaware, Illinois, Indiana, Iowa, Kansas, Kentucky, Maryland, Minnesota, Missouri, Nebraska, New Jersey, New Mexico, New York, North Dakota, Ohio, Oklahoma, Pennsylvania, South Dakota, Tennessee, Virginia, and Wisconsin | CBOT | December Corn | $6.83 per bushel |
| Grain Sorghum – Organic Practice March 15 Sales Closing Date Colorado, Delaware, Illinois, Indiana, Iowa, Kansas, Kentucky, Maryland, Minnesota, Missouri, Nebraska, New Jersey, New Mexico, New York, North Dakota, Ohio, Oklahoma, Pennsylvania, South Dakota, Tennessee, Virginia, and Wisconsin | CBOT | December Corn | $14.28 per bushel |
| Peanuts – Runner Type January 31 Sales Closing Date Texas | CBOT/ICE | December Wheat, Cotton, Soybean Oil, and Soybean Meal | $0.2423 per pound |
| Peanuts – Spanish Type January 31 Sales Closing Date Texas | CBOT/ICE | December Wheat, Cotton, Soybean Oil, and Soybean Meal | $0.4120 per pound |
| Peanuts – Runner Type February 28 Sales Closing Date Alabama, Arkansas, Florida, Georgia, Louisiana, Mississippi, Missouri, North Carolina, South Carolina, and Texas | CBOT/ICE | December Wheat, Cotton, Soybean Oil, and Soybean Meal | $0.2372 per pound |
| Peanuts – Spanish Type February 28 Sales Closing Date Alabama, Arkansas, Florida, Georgia, Louisiana, Mississippi, and Texas | CBOT/ICE | December Wheat, Cotton, Soybean Oil, and Soybean Meal | $0.4317 per pound |
| Peanuts – Virginia Type February 28 Sales Closing Date Alabama, Florida, Georgia, Mississippi, North Carolina, and South Carolina | CBOT/ICE | December Wheat, Cotton, Soybean Oil, and Soybean Meal | $0.2633 per pound |
| Peanuts – Runner Type March 15 Sales Closing Date New Mexico, Oklahoma, Texas, and Virginia | CBOT/ICE | December Wheat, Cotton, Soybean Oil, and Soybean Meal | $0.2361 per pound |
| Peanuts – Spanish Type March 15 Sales Closing Date New Mexico, Oklahoma, and Texas | CBOT/ICE | December Wheat, Cotton, Soybean Oil, and Soybean Meal | $0.4297 per pound |
| Peanuts – Valencia Type March 15 Sales Closing Date New Mexico, Oklahoma, and Texas | CBOT/ICE | December Wheat, Cotton, Soybean Oil, and Soybean Meal | $0.2621 per pound |
| Peanuts – Virginia Type March 15 Sales Closing Date New Mexico, Oklahoma, Texas, and Virginia | CBOT/ICE | December Wheat, Cotton, Soybean Oil, and Soybean Meal | $0.2621 per pound |
| Popcorn March 15 Sales Closing Date Colorado, Illinois, Indiana, Iowa, Kentucky, Minnesota, Missouri, Nebraska, Ohio, South Dakota, Tennessee, and Wisconsin | CBOT | December Corn | $0.2950 per pound |
| Popcorn – Organic Practice March 15 Sales Closing Date Colorado, Illinois, Indiana, Iowa, Kentucky, Minnesota, Missouri, Nebraska, Ohio, South Dakota, Tennessee, and Wisconsin | CBOT | December Corn | $0.4246 per pound |
| Rice – Long Grain Type February 28 Sales Closing Date California, Oklahoma, and Tennessee | CBOT | November Rice | $0.166 per pound |
| Rice – Long Grain Type; Organic Practice February 28 Sales Closing Date California, Oklahoma, and Tennessee | CBOT | November Rice | $0.222 per pound |
| Rice – Medium & Short Grain Types February 28 Sales Closing Date Oklahoma and Tennessee | CBOT | November Rice | $0.234 per pound |
| Rice – Medium & Short Grain Types; Organic Practice February 28 Sales Closing Date Oklahoma and Tennessee | CBOT | November Rice | $0.314 per pound |
| Rice – Medium & Short Grain Types February 28 Sales Closing Date California | CBOT | November Rice | $0.292 per pound |
| Rice – Medium & Short Grain Types; Organic Practice February 28 Sales Closing Date California | CBOT | November Rice | $0.392 per pound |
| Rice – Long Grain Type March 15 Sales Closing Date Illinois and Missouri | CBOT | November Rice | $0.166 per pound |
| Rice – Long Grain Type; Organic Practice March 15 Sales Closing Date Illinois and Missouri | CBOT | November Rice | $0.222 per pound |
| Rice – Medium & Short Grain Types March 15 Sales Closing Date Illinois and Missouri | CBOT | November Rice | $0.234 per pound |
| Rice – Medium & Short Grain Types; Organic Practice March 15 Sales Closing Date Illinois and Missouri | CBOT | November Rice | $0.314 per pound |
| Soybeans February 28 Sales Closing Date Arkansas, Louisiana, Mississippi, and Texas | CBOT | November Soybeans | $13.81 per bushel |
| Soybeans – Organic Practice February 28 Sales Closing Date Arkansas, Louisiana, Mississippi, and Texas | CBOT | November Soybeans | $26.42 per bushel |
| Soybeans March 15 Sales Closing Date Colorado, Illinois, Indiana, Iowa, Kansas, Kentucky, Maine, Massachusetts, Michigan, Minnesota, Missouri, Montana, Nebraska, New Jersey, New York, North Dakota, Ohio, Oregon, Pennsylvania, South Dakota, Tennessee, Texas, Vermont, Washington, and Wisconsin | CBOT | November Soybeans | $13.81 per bushel |
| Soybeans – Organic Practice March 15 Sales Closing Date Colorado, Illinois, Indiana, Iowa, Kansas, Kentucky, Maine, Massachusetts, Michigan, Minnesota, Missouri, Montana, Nebraska, New Jersey, New York, North Dakota, Ohio, Oregon, Pennsylvania, South Dakota, Tennessee, Texas, Vermont, Washington, and Wisconsin | CBOT | November Soybeans | $26.42 per bushel |
| Sunflowers – Oil Type March 15 Sales Closing Date Colorado, Kansas, Minnesota, Montana, Nebraska, North Dakota, Oklahoma, South Dakota, Texas, and Wyoming | CBOT | December Soybean Oil | $0.352 per pound |
| Sunflowers – Oil Type; Organic Practice March 15 Sales Closing Date Colorado, Kansas, Minnesota, Montana, Nebraska, North Dakota, Oklahoma, South Dakota, Texas, and Wyoming | CBOT | December Soybean Oil | $0.641 per pound |
| Sunflowers – Confectionary Type March 15 Sales Closing Date Colorado, Kansas, Minnesota, Montana, Nebraska, North Dakota, Oklahoma, South Dakota, Texas, and Wyoming | CBOT | December Soybean Oil | $0.440 per pound |
| Sunflowers – Confectionary Type; Organic Practice March 15 Sales Closing Date Colorado, Kansas, Minnesota, Montana, Nebraska, North Dakota, Oklahoma, South Dakota, Texas, and Wyoming | CBOT | December Soybean Oil | $0.641 per pound |
| 1 Harvest Prices are applicable for the Enhanced Coverage Option (ECO) and the Supplemental Coverage Option (SCO). 2 Harvest Prices are applicable for Stacked Income Protection (STAX) cotton policies. | |||
Margin Protection
The following 2022 CY margin harvest prices are approved for the Margin Protection plan of insurance. Margin harvest prices are used in conjunction with harvest input prices and final county yields to derive the harvest margin. Please see the following web page on RMA’s public website for program details: www.rma.usda.gov/about-crop-insurance/managing-farm-risk/insurance-plans
| Crop/State/Type | Exchange | Contract | MarginHarvestPrice |
|---|---|---|---|
| Corn September 30 Sales Closing Date All States | CBOT | DecemberCorn | $6.86 perbushel |
| Rice – Long Grain Type & No Type Specified February 28 Sales Closing Date California and Missouri | CBOT | NovemberRice | $0.166 perpound |
| Rice – Medium & Short Grain Types February 28 Sales Closing Date California | CBOT | NovemberRice | $0.292 perpound |
| Rice – Medium & Short Grain Types February 28 Sales Closing Date Missouri | CBOT | NovemberRice | $0.234 perpound |
| Soybeans September 30 Sales Closing Date All States | CBOT | NovemberSoybeans | $13.81 perbushel |
DISPOSAL DATE
December 31, 2022