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Policy & Procedure

Product Management Bulletin-PM-15-057 Commodity Exchange Price Provisions for the 2016 and Succeeding Crop Years – November Update

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Date
To
All Approved Insurance Providers
All Risk Management Agency Field Offices
All Other Interested Parties
From
Tim B. Witt, Deputy Administrator /s/ Tim B. Witt
Subject
Commodity Exchange Price Provisions for the 2016 and Succeeding Crop Years – November Update

Background

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, and along with Crop Provisions for the following crops: barley, canola/rapeseed, corn, cotton, grain sorghum, rice, soybeans, sunflowers and wheat.

The CEPP specifies how and when the projected and harvest price components will be determined. The CEPP contains two sections:

  1. Section I: General Information. This section contains information relevant for all applicable crops, including definitions and common policy materials.
  2. Section II: Price Definitions. This section contains crop-specific projected and harvest price definitions and specifications, including commodity exchanges, contracts and discovery periods used in establishing the price.

Action

The following CEPP documents are updated for the 2016 and succeeding crop years:

  • Section I: General Information
  • Section II: Barley #
  • Section II: Canola/Rapeseed #
  • Section II: Rice
  • Section II: Sunflowers
  • Section II: Wheat #

CEPP documents denoted above (#) were previously updated in June 2015. All CEPP documents not listed above are carried over from last year and applicable for the 2016 and succeeding crop years. We will post the updated CEPP documents on the RMA Website at www.rma.usda.gov/policy-procedure/general-policies/commodity-exchange-price-provisions by close of business today.

DISPOSAL DATE:
December 31, 2016