PRODUCT MANAGEMENT BULLETIN: PM–21-058
United States Department of Agriculture
Farm and Foreign Agricultural Services
Risk Management Agency
1400 Independence Avenue, SW
Stop 0801
Washington, DC 20250-0801
Date
October 15, 2021
To:
All Approved Insurance Providers
All Risk Management Agency Field Offices
All Other Interested Parties
All Risk Management Agency Field Offices
All Other Interested Parties
From:
Richard H. Flournoy, Deputy Administrator /s/ Richard H. Flournoy 10/15/2021
Subject:
2022 Crop Year (CY) Common Crop Insurance Policy Projected Prices And Volatility Factors Announcement
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Common Crop Insurance Policy 1
The 2022 CY projected prices shown below are approved for the Yield Protection, Revenue Protection, and Revenue Protection with Harvest Price Exclusion plans of insurance. The 2022 CY volatility factors shown below are approved for the Revenue Protection and Revenue Protection with Harvest Price Exclusion plans of insurance. The projected prices and volatility factors are applicable for the crops, types, practices, sales closing date and states indicated in the following table.
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DISPOSAL DATECrop/Type/Practice
Sales Closing Date/StateExchange Contract Projected
PriceVolatility
FactorBarley
October 31 Sales Closing Date
Arizona & California
CBOT
July
Corn
$4.82/bushel 0.19 Barley Organic Practice
October 31 Sales Closing Date
Arizona & California
CBOT
July
Corn$10.30/bushel 0.19 Barley - Winter
October 31 Sales Closing Date
Nevada & Utah
CBOT
September
Corn$4.62/bushel 0.21
Barley - Winter Organic Practice
October 31 Sales Closing Date
Nevada & Utah
CBOT
September
Corn$9.88/bushel 0.21
Wheat - Winter
October 31 Sales Closing Date
Arizona & California
KCBT
July
HRW
Wheat$7.27/bushel 0.21
Wheat - Winter Organic Practice
October 31 Sales Closing Date
Arizona & California
KCBT
July
HRW
Wheat$14.77/bushel 0.21
Wheat - Durum
October 31 Sales Closing Date
Arizona & California
MGE
July
HRS
Wheat$10.49/bushel 0.19
Wheat – Durum Organic Practice
October 31 Sales Closing Date
Arizona & California
MGE
July
HRS
Wheat$21.31/bushel 0.19
1 Projected Prices and Volatility Factors are applicable for the Enhanced Coverage Option (ECO) and the Supplemental Coverage Option (SCO).
December 31, 2022