1.  

PRODUCT MANAGEMENT BULLETIN: PM–22-058

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 03, 2022

To:

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

From:

Richard H. Flournoy, Deputy Administrator /s/ Richard H. Flournoy    10/3/2022

Subject:

2022 Crop Year (CY) Common Crop Insurance Policy; Area Risk Protection Insurance; and Margin Protection Plan Harvest Prices Announcement

Common Crop Insurance Policy and Area Risk Protection Insurance 1

The 2022 CY harvest prices 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 harvest prices are applicable for the crops, sales closing dates, states, types, and practices indicated in the following table.

Crop/Sales Closing Date/
State/Type/Practice		 Exchange Contract Harvest Price
Barley
March 15 Sales Closing Date
Alaska
 CBOT December
Corn		 $8.90
per
bushel
Barley – Organic Practice
March 15 Sales Closing Date
Alaska
 CBOT
 December
Corn		 $18.96
per
bushel
Canola
August 31 Sales Closing Date
Idaho (Spring Type(s)), Oregon (Spring Type(s)), and Washington (Spring Type(s))
 ICE November
Canola		 $0.274
per
pound
Canola – Rapeseed Type*
August 31 Sales Closing Date
Idaho (Spring Type(s)), Oregon (Spring Type(s)), and Washington (Spring Type(s))
*Harvest Price is set equal to the Projected Price.
 ICE
 November
Canola		 $0.423
per
pound
Canola
March 15 Sales Closing Date
Idaho (Spring Type(s)), Minnesota, Montana, North Dakota, Oregon (Spring Type(s)), and Washington (Spring Type(s))
 ICE
 November
Canola		 $0.274
per
pound
Canola – Rapeseed Type*
March 15 Sales Closing Date
Idaho (Spring Type(s)), Montana, North Dakota, Oregon (Spring Type(s)), and Washington (Spring Type(s))
*Harvest Price is set equal to the Projected Price.
 ICE
 November
Canola		 $0.423
per
pound
Corn
February 15 Sales Closing Date
Texas
 CBOT
 December
Corn		 $6.77
per
bushel
Corn – Organic Practice
February 15 Sales Closing Date
Texas
 CBOT
 December
Corn		 $13.45
per
bushel
Corn
February 28 Sales Closing Date
North Carolina
 CBOT
 December
Corn
 $6.77
per
bushel
Corn – Organic Practice
February 28 Sales Closing Date
North Carolina
 CBOT
 December
Corn
 $13.45
per
bushel
Corn
March 15 Sales Closing Date
Oklahoma and Texas
 CBOT
 December
Corn
 $6.77
per
bushel
Corn – Organic Practice
March 15 Sales Closing Date
Oklahoma and Texas
 CBOT
 December
Corn
 $13.45
per
bushel
Cotton2
January 31 Sales Closing Date
Texas
 ICE
 December
Cotton
 $0.98
per
pound
Cotton – Organic Practice2
January 31 Sales Closing Date
Texas
 ICE
 December
Cotton
 $1.38
per
pound
Grain Sorghum
February 15 Sales Closing Date
Texas
 CBOT
 December
Corn
 $6.74
per
bushel
Grain Sorghum – Organic Practice
February 15 Sales Closing Date
Texas
 CBOT
 December
Corn
 $14.10
per
bushel
Grain Sorghum
February 28 Sales Closing Date
Arkansas, Louisiana, and Mississippi
 CBOT
 December
Corn
 $6.74
per
bushel
Grain Sorghum – Organic Practice
February 28 Sales Closing Date
Arkansas, Louisiana, and Mississippi
 CBOT
 December
Corn
 $14.10
per
bushel
Grain Sorghum
March 15 Sales Closing Date
Texas
 CBOT
 December
Corn
 $6.74
per
bushel
Grain Sorghum – Organic Practice
March 15 Sales Closing Date
Texas
 CBOT
 December
Corn
 $14.10
per
bushel
Rice – Long Grain Type
February 15 Sales Closing Date
Florida
 CBOT
 November
Rice
 $0.175
per
pound
Rice – Long Grain Type – Organic Practice
February 15 Sales Closing Date
Florida
 CBOT
 November
Rice
 $0.235
per
pound
Rice – Medium and Short Grain Types
February 15 Sales Closing Date
Florida
 CBOT
 November
Rice
 $0.247
per
pound
Rice – Medium and Short Grain Types – Organic Practice
February 15 Sales Closing Date
Florida
 CBOT
 November
Rice
 $0.331
per
pound
Rice – Long Grain Type
February 28 Sales Closing Date
Arkansas, Mississippi, and Texas
 CBOT
 November
Rice
 $0.175
per
pound
Rice – Long Grain Type – Organic Practice
February 28 Sales Closing Date
Arkansas, Mississippi, and Texas
 CBOT
 November
Rice
 $0.235
per
pound
Rice – Medium and Short Grain Types
February 28 Sales Closing Date
Arkansas, Mississippi, and Texas
 CBOT
 November
Rice
 $0.247
per
pound
Rice – Medium and Short Grain Types – Organic Practice
February 28 Sales Closing Date
Arkansas, Mississippi, and Texas
 CBOT
 November
Rice
 $0.331
per
pound
Soybeans
January 31 Sales Closing Date
Texas
 CBOT
 November
Soybeans		 $14.29
per
bushel
Soybeans – Organic Practice
January 31 Sales Closing Date
Texas
 Organic coverage is not available
for the 2022 CY.
1 Harvest Prices are applicable for the Enhanced Coverage Option (ECO) and the Supplemental Coverage Option (SCO).
2 Harvest Prices are applicable for Stacked Income Protection (STAX) cotton policies.
       

Margin Protection Plan

The following 2022 CY margin harvest prices are approved for the Margin Protection Plan. Margin harvest prices are used in conjunction with harvest input prices and final county yields to derive the harvest margin. Please see the following web page on RMA’s public website for program details: www.rma.usda.gov/Policy-and-Procedure/Insurance-Plans/Margin-Protection-for-Corn-Rice-Soybeans-and-Wheat


Crop/State/Type Exchange Contract Margin Harvest Price
Rice – Long Grain Type and No Type Specified
February 28 Sales Closing Date
Arkansas, Mississippi, and Texas
 CBOT
 November
Rice		 $0.175
per
pound
Rice – Medium and Short Grain Types
February 28 Sales Closing Date
Arkansas, Mississippi, and Texas
 CBOT
 November
Rice		 $0.247
per
pound
       
DISPOSAL DATE
December 31, 2022
USDA is an Equal Opportunity Employer and Provider

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