Peanuts

Background

Recently, South Carolina and the surrounding area have experienced significant weather events including historic rains leading to unprecedented flooding across the state and region impacting crops and delaying harvest.  Reports indicate soybean, peanut, and cotton crops specifically suffered severe losses as a result of these weather events.  The flooding and wet harvest conditions have resulted in questions regarding procedures pertaining to claims settlement for affected crops.

Common Crop Insurance Policy & Area Risk Protection Insurance ^1,2

The 2015 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, types, practices, sales closing dates and states indicated in the following table.

Common Crop Insurance Policy & Area Risk Protection Insurance ¹

The 2015 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.

Common Crop Insurance Policy & Area Risk Protection Insurance¹

The 2015 CY projected prices shown below are approved for the Yield Protection, Area Yield Protection, Revenue Protection, Area Revenue Protection, Revenue Protection with Harvest Price Exclusion and Area Revenue Protection - Harvest Price Exclusion plans of insurance.

Background

The Federal Crop Insurance Corporation Board of Directors approved the CEPP for revenue peanuts beginning with the 2015 CY. The factors necessary to establish the insured’s amount of protection under the peanut program for the 2015 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, 2015 to February 28, 2015. These factors apply only to States with a Sales Closing Date (SCD) of March 15, 2015.

The 2015 CY projected prices shown below are approved for the Yield Protection, Revenue Protection and Revenue Protection with Harvest Price Exclusion plans of insurance. The 2015 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 apply to policies with a January 31 sales closing date and are applicable for the crops, types, practices, and states indicated below:

Background

The Federal Crop Insurance Corporation Board of Directors approved the CEPP for revenue peanuts beginning with the 2015 CY. The factors necessary to establish the insured’s amount of protection under the peanut program for the 2015 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 January 15, 2014 to February 14, 2015. These factors apply only to States with a Sales Closing Date (SCD) of February 28, 2015.