2022 Crop Year (CY) Common Crop Insurance Policy and Area Risk Protection Insurance Projected Prices and Volatility Factors

PRODUCT MANAGEMENT BULLETIN: PM–22-012

February 01, 2022

All Approved Insurance Providers
All Risk Management Agency Field Offices
All Other Interested Parties

Richard H. Flournoy, Deputy Administrator /s/ Richard H. Flournoy 2/1/2022

: Common Crop Insurance Policy & Area Risk Protection Insurance ¹

The 2022 CY projected prices shown below are approved for the following plans of insurance: Yield Protection, Area Yield Protection, Revenue Protection, Area Revenue Protection, Revenue Protection with Harvest Price Exclusion, and Area Revenue Protection - Harvest Price Exclusion. The 2022 CY volatility factors shown below are approved for the following plans of insurance: Revenue Protection, Area Revenue Protection, Revenue Protection with Harvest Price Exclusion, and Area Revenue Protection - Harvest Price Exclusion. The projected prices and volatility factors apply to policies with a February 15 sales closing date and are applicable for the crops, types, practices, and states indicated below:

Crop/Type/Practice/State	Exchange	Contract	Projected Price	Volatility Factor
Corn Texas	CBOT	December Corn	$5.61/bu.	0.21
Corn Organic Practice Texas	CBOT	December Corn	$11.14/bu.	0.21
Grain Sorghum Texas	CBOT	December Corn	$5.59/bu.	0.21
Grain Sorghum Organic Practice Texas	CBOT	December Corn	$11.68/bu.	0.21
Rice – Long Grain Type Florida	CBOT	September² Rice	$0.143/lb.	0.10
Rice – Long Grain Type Organic Practice Florida	CBOT	September² Rice	$0.192/lb.	0.10
Rice – Medium & Short Grain Types Florida	CBOT	September² Rice	$0.202/lb.	0.10
Rice – Medium & Short Grain Types Organic Practice Florida	CBOT	September² Rice	$0.270/lb.	0.10
¹Projected Prices and Volatility Factors are applicable for the Enhanced Coverage Option (ECO) and Supplemental Coverage Option (SCO), where available. ² In accordance with the Commodity Exchange Price Provisions (CEPP), the CBOT September rice contract is used to derive the projected rice prices since the November contract lacks sufficient volume and open interest activity.

DISPOSAL DATE:
December 31, 2022

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