The CEPP peanut factors necessary to establish the insured’s amount of protection under the peanut program for the 2017 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, 2017 to February 28, 2017. These factors apply only to states with a Sales Closing Date (SCD) of March 15, 2017. They are determined in accordance with the Peanut Price Methodology guidelines published and available at http://www.rma.usda.gov/policies/2015/15-cepp-pt.pdf.

The factor values for the pricing of Yield Protection (01), Revenue Protection (02), and Revenue Protection with Harvest Price Exclusion (03) for peanuts in states and counties with a March 15, 2017 SCD as specified in the CEPP for the 2017 crop year are shown below.

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

Commodity	Abbreviation	Value
Wheat	𝐸𝑤ℎ	-0.2256
Cotton	𝐸𝑐t	0.3121
Soybean Oil	𝐸𝑠o	0.8084
Soybean Meal	𝐸𝑠m	-0.3756

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

Variable	Abbreviation	Value
Price Constant	𝐶	0.1682
Price Weighting Factor	𝑊	0.9633

The values for the type factors are:

Type	Abbreviation	Value
Runner	𝑇𝑟u	1.00
Spanish	𝑇𝑠p	1.31
Valencia	𝑇𝑣a	1.11
Virginia	𝑇𝑣i	1.11

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

Commodity	Abbreviation	Value
Wheat	𝐺𝑤ℎ	-0.2414
Cotton	𝐺𝑐t	0.7061
Soybean Oil	𝐺𝑠o	0.3771
Soybean Meal	𝐺𝑠m	0.2812

The value for the volatility weighting factor is:

Variable	Abbreviation	Value
Volatility Weighting Factor	𝑉	0.5819

DISPOSAL DATE:
December 31, 2017