PM-22-015: 2022 Crop Year (CY) Common Crop Insurance Policy, Area Risk Protection Insurance and Margin Protection Projected Prices and Volatility Factors
Common Crop Insurance Policy & Area Risk Protection Insurance 1, 2, 3, 4
Common Crop Insurance Policy & Area Risk Protection Insurance 1, 2, 3, 4
The CEPP peanut factors necessary to establish the insured’s amount of protection under the peanut program for the 2022 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, 2022 to February 28, 2022. These factors apply only to states with a Sales Closing Date (SCD) of March 15, 2022.
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 apply to policies with a January 31 sales closing date and are applicable for the crops, types, practices and states indicated below:
The CEPP - Peanuts factors necessary to establish the insured’s amount of protection under the peanut program for the 2022 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 January 15, 2022 to February 14, 2022. These factors apply only to states with a Sales Closing Date (SCD) of February 28, 2022.
The following additional price elections are provided for the 2022 CY ELS cotton program.
| Practice | Additional Price Election ($/lb.) | Established Price Election ($/lb.) | CAT Price Election ($/lb.) |
|---|---|---|---|
| Conventional | $1.70 | $1.35 | $0.94 |
| Organic | $2.06 | $1.71 | $1.14 |
DISPOSAL DATE
December 31, 2022
The CEPP - Peanuts factors necessary to establish the insured’s amount of protection under the peanut program for the 2022 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 December 15, 2021 to January 14, 2022. These factors apply only to states with a Sales Closing Date (SCD) of January 31, 2022.
As of December 01, 2021 the following information is now available on the FTP site:
Users can find this information in the following directories:
Common Crop Insurance Policy & Area Risk Protection Insurance 1,2
The 2021 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, practices, sales closing dates, and states indicated in the following table.
The Agricultural Act of 2014 (Farm Bill) instructed the Risk Management Agency (RMA) to offer the Stacked Income Protection Plan of Insurance (STAX) to upland cotton producers, which became effective for the 2015 insurance year and was available in all counties where insurance for upland cotton was available.
In order to provide clarity for determining insurable acres, RMA is making the following modification to the STAX program:
The Risk Management Agency (RMA) derives prices for certain programs by applying factors and premiums to conventional projected and harvest prices established in accordance with the Commodity Exchange Price Provisions (CEPP). The factors and premiums for organic rice, organic cotton, popcorn, organic popcorn, confectionery sunflowers, and organic sunflowers are provided below.
Organic Rice Price Factor