PRODUCT MANAGEMENT BULLETIN: PM22-076




1400 Independence Avenue, SW
Stop 0801
Washington, DC  20250-0801

Date

December 01, 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    12/1/2022

Subject:

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

Common Crop Insurance Policy & 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, practices, sales closing dates, and states indicated in the following table.

 

Crop/Practice/Sales Closing Date/State
Exchange Contract Harvest Price
Corn
March 15 Sales Closing Date
Idaho, Michigan, Oregon, and Washington
CBOT
December
Corn
$6.68
per
bushel
Corn - Organic Practice
March 15 Sales Closing Date
Idaho, Michigan, Oregon, and Washington
CBOT
December
Corn
$13.27
per
bushel
Cotton2
March 15 Sales Closing Date
Kansas, New Mexico, and Oklahoma
ICE December
Cotton
$0.84
per
pound
Cotton - Organic Practice2
March 15 Sales Closing Date
Kansas, New Mexico, and Oklahoma
ICE December
Cotton
$1.24
per
pound
Popcorn
March 15 Sales Closing Date
Michigan
CBOT
December
Corn
$0.2872
per
pound
Popcorn - Organic Practice
March 15 Sales Closing Date
Michigan
CBOT
December
Corn
$0.4135
per
pound
Soybeans
February 28 Sales Closing Date
Alabama, Florida, Georgia, North Carolina, and South Carolina
CBOT
January
(2023)
Soybeans
$14.44
per
bushel
Soybeans - Organic Practice
February 28 Sales Closing Date
Alabama, Florida, Georgia, North Carolina, and South Carolina
CBOT
January
(2023)
Soybeans
$27.62
per
bushel
Soybeans
March 15 Sales Closing Date
Delaware, Maryland, Oklahoma, Virginia, and West Virginia
CBOT
January
(2023)
Soybeans
$14.44
per
bushel
Soybeans - Organic Practice
March 15 Sales Closing Date
Delaware, Maryland, Oklahoma, Virginia, and West Virginia
CBOT January
(2023)
Soybeans
$27.62
per
bushel
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.

DISPOSAL DATE
December 31, 2023

USDA is an Equal Opportunity Employer and Provider