The CEPP peanut factors necessary to establish the insured’s amount of protection under the peanut program for the 2019 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, 2019, to February 28, 2019. These factors apply only to states with a Sales Closing Date (SCD) of March 15, 2019 and 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 peanuts in states and counties with a March 15, 2019, SCD as specified in the CEPP - Peanut for the 2019 crop year are shown below.

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

Commodity	Abbreviation	Value
Wheat	𝐸wh	-0.2925
Cotton	𝐸ct	0.2099
Soybean Oil	𝐸so	0.9514
Soybean Meal	𝐸sm	-0.3333

 

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

Variable	Abbreviation	Value
Price Constant	C	0.1510
Price Weighting Factor	W	1.4476

 

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	0.0551
Cotton	𝐺ct	0.4727
Soybean Oil	𝐺so	-0.0068
Soybean Meal	𝐺sm	-0.0291

 

The value for the volatility weighting factor is:

Variable	Abbreviation	Value
Volatility Weighting Factor	V	3.1717