PRODUCT MANAGEMENT BULLETIN: PM–22-007
United States Department of Agriculture
Farm and Foreign Agricultural Services
Risk Management Agency
1400 Independence Avenue, SW
Stop 0801
Washington, DC 20250-0801
Date
To:
All Risk Management Agency Field Offices
All Other Interested Parties
From:
Subject:
-
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 apply to policies with a January 31 sales closing date and are applicable for the crops, types, practices and states indicated below:
Crop/Type/Practice/State Exchange Contract Projected
PriceVolatility
FactorCorn
Texas
CBOT
September
Corn
$5.68/bu.
0.20
Corn – Organic Practice2
Texas
CBOT
September
Corn
$11.28/bu.
0.20
Cotton
Texas
ICE
December
Cotton
$0.93/lb.
0.22
Cotton – Organic Practice2
Texas
ICE
December
Cotton
$1.33/lb.
0.22
Grain Sorghum
Texas
CBOT
September
Corn
$5.66/bu.
0.20
Grain Sorghum – Organic Practice2
Texas
CBOT
September
Corn
$11.83/bu.
0.20
Peanuts – Runner Type
Texas
CBOT/
ICE
December
Wheat, Cotton, Soybean Oil & Soybean Meal
$0.2408/lb.
0.20
Peanuts – Spanish Type
Texas
CBOT/
ICE
December
Wheat, Cotton, Soybean Oil & Soybean Meal
$0.4094/lb.
0.20
Rice – Long Grain Type
Texas
CBOT
September
Rice
$0.142/lb.
0.09
Rice – Medium & Short Grain Types
Texas
CBOT
September
Rice
$0.186/lb.
0.09
Rice – Long Grain Type;
Organic Practice
Texas
CBOT
September
Rice
$0.190/lb.
0.09
Rice – Medium & Short Grain Types; Organic Practice
Texas
CBOT
September
Rice
$0.249/lb.
0.09
Soybeans
Texas
CBOT
November
Soybeans
$12.80/bu.
0.17 Soybeans – Organic Practice
TexasCBOT
November
Soybeans
Not available.3
Sunflowers – Oil Type
Texas
CBOT
July
Soybean Oil
$0.293/lb.
0.19
Sunflowers – Oil Type;
Organic Practice
Texas
CBOT
July
Soybean Oil
$0.533/lb.
0.19
Sunflowers – Confectionery Type
Texas
CBOT
July
Soybean Oil
$0.366/lb.
0.19
Sunflowers – Confectionery Type; Organic Practice
Texas
CBOT
July
Soybean Oil
$0.533/lb.
0.19
1 Projected Prices and Volatility Factors are applicable for the Enhanced Coverage Option (ECO) and the Supplemental Coverage Option (SCO), where available.
2 For the 2022 CY, organic coverage is not available in all counties covered by the January 31 sales closing date.
3 For the 2022 CY, organic coverage is not available for soybeans in counties covered by the January 31 sales closing date.
Margin Protection
The following 2022 CY margin projected prices and volatility factors are approved for the Margin Protection plan of insurance. The margin projected price is used in conjunction with projected input prices and the expected county yield to derive the expected margin (per acre), trigger margin (per acre) and liability. The expected margins for each crop/county are available at the following web page on RMA’s public website:
webapp.rma.usda.gov/apps/actuarialinformationbrowser/Please see the following web page on RMA’s public website for program details:
www.rma.usda.gov/en/Policy-and-Procedure/Insurance-Plans/Margin-Protection-for-Corn-Rice-Soybeans-and-WheatCrop/Type Exchange Contract Margin Projected Price Volatility Factor Rice – Long Grain Type
& No Type Specified
Texas
CBOT
September
Rice
$0.142/lb.
0.09
Rice – Medium & Short Grain Types
Texas
CBOT
September
Rice
$0.186/lb.
0.09
DISPOSAL DATE
December 31, 2022