The CEPP - Peanuts factors necessary to establish the insured’s amount of protection under the peanut program for the 2022 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, 2021 to January 14, 2022. These factors apply only to states with a Sales Closing Date (SCD) of January 31, 2022. 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, 2022 SCD as specified in the CEPP – Peanuts document for the 2022 crop year are shown below.

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

Commodity	Abbreviation	Value
Wheat	Ewh	-0.1421
Cotton	Ect	0.2909
Soybean Oil	Eso	0.3955
Soybean Meal	Esm	-0.1051

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

Variable	Abbreviation	Value
Price Constant	C	0.1631
Price Weighting Formula	W	0.2504

The values for the type factors are:

Type	Abbreviation	Value
Runner	Tru	1.00
Spanish	Tsp	1.70
Valencia	Tva	1.19
Virginia	Tvi	1.19

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

Commodity	Abbreviation	Value
Wheat	Gwh	-0.1384
Cotton	Gct	0.4803
Soybean Oil	Gso	0.2020
Soybean Meal	Gsm	-0.1401

The value for the volatility weighting factor is:

Variable	Abbreviation	Value
Volatility Weighting Factor	V	5.3339

DISPOSAL DATE:
December 31, 2022