The CEPP - Peanuts factors necessary to establish the insured’s amount of protection under the peanut program for the 2021 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, 2020 to January 14, 2021. These factors apply only to states with a Sales Closing Date (SCD) of January 31, 2021. They are determined in accordance with the Peanut Price Methodology guidelines published and available at https://rma.usda.gov/-/media/RMA/Policies/CEPP/2021/Commodity-Exchange-Price-Provisions---Peanuts-21-CEPP-PT.ashx

The factor values for peanuts in states and counties with a January 31, 2021 SCD as specified in the CEPP – Peanuts document for the 2021 crop year are shown below. The values for the exponent factors for each commodity exchange futures contract are:

Commodity	Abbreviation	Value
Wheat	Ewh	-0.2188
Cotton	Ect	0.3070
Soybean Oil	Eso	0.7304
Soybean Meal	Esm	-0.1901

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

Variable	Abbreviation	Value
Price Constant	C	0.1591
Price Weighting Formula	W	0.5237

The values for the type factors are:

Type	Abbreviation	Value
Runner	Tru	1.00
Spanish	Tsp	1.63
Valencia	Tva	1.16
Virginia	Tvi	1.16

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

Commodity	Abbreviation	Value
Wheat	Gwh	0.1174
Cotton	Gct	0.5927
Soybean Oil	Gso	-0.1090
Soybean Meal	Gsm	0.1204

The value for the volatility weighting factor is:

Variable	Abbreviation	Value
Volatility Weighting Factor	V	1.5976

 

DISPOSAL DATE:
December 31, 2021