The CEPP peanut factors necessary to establish the insured’s amount of protection under the peanut program for the 2017 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, 2016 to January 14, 2017. These factors apply only to states with a Sales Closing Date (SCD) of January 31, 2017. They are determined in accordance with the Peanut Price Methodology guidelines published and available at: www.rma.usda.gov/policies/2015/15-cepp-pt.pdf.

The factor values for the pricing of Yield Protection (01), Revenue Protection (02), and Revenue Protection with Harvest Price Exclusion (03) for peanuts in states and counties with a January 31, 2017 SCD as specified in the CEPP for the 2017 crop year are shown below.

The values for the exponent factors for each commodity exchange futures contract are:

Commodity	Abbreviation	Value
Wheat	𝐸wh	-0.4811
Cotton	𝐸ct	0.1813
Soybean Oil	𝐸so	1.0652
Soybean Meal	𝐸sm	-0.2065

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

Variable	Abbreviation	Value
Price Constant	𝐶	0.1691
Price Weighting Formula	𝑊	0.5292

The values for the type factors are:

Type	Abbreviation	Value
Runner	𝑇ru	1.00
Spanish	𝑇sp	1.31
Valencia	𝑇va	1.07
Virginia	𝑇vi	1.07

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

Commodity	Abbreviation	Value
Wheat	𝐺wh	-0.2372
Cotton	𝐺ct	0.7054
Soybean Oil	𝐺so	0.3766
Soybean Meal	𝐺sm	0.3254

The value for the volatility weighting factor is:

Variable	Abbreviation	Value
Volatility Weighting Factor	𝑉	0.5080

DISPOSAL DATE:
December 31, 2017