PRODUCT MANAGEMENT BULLETIN: PM–22-047
United States Department of Agriculture
Farm and Foreign Agricultural Services
Risk Management Agency
1400 Independence Avenue, SW
Stop 0801
Washington, DC 20250-0801
Date
August 15, 2022
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 8/15/2022
Subject:
2023 Crop Year (CY) Common Crop Insurance Policy Projected Prices and Volatility Factors Announcement
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Common Crop Insurance Policy 1
The 2023 CY projected prices shown below are approved for the Yield Protection, Revenue Protection, and Revenue Protection with Harvest Price Exclusion plans of insurance. The 2023 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 crop, types, and states indicated in the following table.
Crop/Type/State
Exchange Contract Projected Price Volatility Factor Canola – Canola Type
Illinois, Indiana, Kansas, Kentucky, North Carolina, Oklahoma, South Carolina, Tennessee, Texas, and Virginia
ICE July Canola
$0.305/pound 0.25 Canola – Rapeseed Type
Illinois, Indiana, Kentucky, North Carolina, Oklahoma, South Carolina, Tennessee, and VirginiaICE
July Canola
$0.398/pound 0.00
Canola – Canola Type
Idaho (Fall), Oregon (Fall), and Washington (Fall)
ICE
November Canola
$0.290/pound 0.26 Canola – Rapeseed Type
Idaho (Fall), Oregon (Fall), and Washington (Fall)
ICE
November Canola
$0.391/pound 0.00
1 Projected Prices and Volatility Factors are applicable for the Enhanced Coverage Option (ECO) and the Supplemental Coverage Option (SCO).
DISPOSAL DATE
December 31, 2022