PRODUCT MANAGEMENT BULLETIN: PM–19-069
United States Department of Agriculture
Farm and Foreign Agricultural Services
Risk Management Agency
1400 Independence Avenue, SW
Washington, DC 20250-0801
All Risk Management Agency Field Offices
All Other Interested Parties
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, 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:
- Section I: General Information. This section contains information relevant for all applicable crops, including definitions and common policy materials.
- Section II: Price Definitions. These sections contain crop-specific projected and harvest price definitions and specifications, including commodity exchanges, contracts and discovery periods.
The Risk Management Agency (RMA) is updating the following CEPP document for the 2020 and succeeding crop years:
- Section II: Rice
In August 2019, RMA updated the Section II: Grain Sorghum and Section II: Sunflower documents for the 2020 and succeeding crop years. All other CEPP documents are carried over from last year and are applicable for the 2020 and succeeding crop years. We will post the updated CEPP rice document on the RMA Website at https://www.rma.usda.gov/en/Policy-and-Procedure/Insurance-Plans/Commodity-Exchange-Price-Provisions-CEPP by close of business today.
December 31, 2020