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 January 15, 2016 to February 14, 2016. These factors apply only to States with a Sales Closing Date (SCD) of February 28, 2016. They are determined in accordance with the Peanut Price Methodology guidelines.

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 February 28, 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	-0.2428
Cotton	Ect	0.3140
Soybean Oil	Eso	0.8393
Soybean Meal	Esm	-.3772

 

The Values for the price constant and price weighting factors are:

Variable	Abbreviation	Value
Price Constant	C	0.1558
Price Weighing Formula	W	1.8345

 

The Values for the type factors are:

Type	Abbreviation	Value
Runner	Tru	1.00
Spanish	Tsp	1.43
Valencia	Tva	1.21
Virginia	Tvi	1.21

 

Additionally, the factor specifications for commodities utilized to determine price volatility are as follows:

Commodity	Abbreviation	Value
Wheat	Gwh	-0.4265
Cotton	Gct	0.8004
Soybean Oil	Gso	0.1020
Soybean Meal	Gsm	0.4232

 

The Value for the volatility weighting factor is:

Variable	Abbreviation	Value
Volatility Weighting Factor	V	1.0522

 

Disposal Date
December 31, 2016