The CEPP – Peanuts factors necessary to establish a producer’s amount of protection under the peanut program for the 2024 CY are identified below. The factors are applied to the commodity prices for wheat, cotton, soybean oil, and soybean meal during the discovery period of February 1, 2024, to February 28, 2024. These factors apply only to states with a SCD of March 15, 2024. They are determined in accordance with the Peanut Price Methodology guidelines published and available at rma.usda.gov/-/media/RMA/Policies/CEPP/2021/Commodity-Exchange-Price-Provisions---Peanuts-21-CEPP-PT.

The factor values for peanuts in states and counties with a March 15, 2024, SCD, as specified in the CEPP – Peanuts document for the 2024 CY are shown below.

The values for the exponent factors for each commodity exchange futures contract are:

 

Commodity	Abbreviation	Value
Wheat	Ewh	-0.1339
Cotton	Ect	0.4186
Soybean Oil	Eso	0.3676
Soybean Meal	Esm	-0.1322

The values for the price constant and price weighting factors are:

 

Variable	Abbreviation	Value
Price Constant	𝐶	0.1376
Price Weighting Formula	𝑊	0.5274

The values for the type factors are:

 

Type	Abbreviation	Value
Runner	Tru	1.00
Spanish	Tsp	1.67
Valencia	Tva	1.13
Virginia	Tvi	1.13

Additionally, the factor specifications for commodities utilized to determine price volatility are as follows:

 

Commodity	Abbreviation	Value
Wheat	Gwh	-0.1003
Cotton	Gct	0.3177
Soybean Oil	Gso	-0.2488
Soybean Meal	Gsm	0.4700

The value for the volatility weighting factor is:

 

Variable	Abbreviation	Value
Volatility Weighting Factor	V	3.9860

DISPOSAL DATE:
December 31, 2024