PRODUCT MANAGEMENT BULLETIN: PM–21-044
United States Department of Agriculture
Farm and Foreign Agricultural Services
Risk Management Agency
1400 Independence Avenue, SW
Stop 0801
Washington, DC 20250-0801
Date
August 16, 2021
To:
All Approved Insurance Providers
All Risk Management Agency Field Offices
All Other Interested Parties
All Risk Management Agency Field Offices
All Other Interested Parties
From:
Richard H. Flournoy, Deputy Administrator /s/ Richard H. Flournoy 8/16/2021
Subject:
2022 Crop Year (CY) Common Crop Insurance Policy Projected Prices and Volatility Factors Announcement
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Common Crop Insurance Policy 1
The 2022 CY projected prices shown below are approved for the Yield Protection, Revenue Protection, and Revenue Protection with Harvest Price Exclusion plans of insurance. The 2022 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 are applicable for the crop, types, and states indicated in the following table.
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DISPOSAL DATECrop/Type/State Exchange Contract Projected Price Volatility
FactorCanola – Canola Type
Illinois, Indiana, Kansas, Kentucky, North Carolina, Oklahoma, South Carolina, Tennessee, Texas & Virginia
ICE July
Canola$0.293/pound
0.27 Canola – Rapeseed Type
Illinois, Indiana, Kentucky, North Carolina, Oklahoma, South Carolina, Tennessee, & VirginiaICE July
Canola$0.390/pound 0.00 Canola – Canola Type
Idaho (Fall), Oregon (Fall) & Washington (Fall)
ICE November
Canola$0.242/pound 0.36 Canola – Rapeseed Type
Idaho (Fall), Oregon (Fall) & Washington (Fall)
ICE November
Canola$0.335/pound 0.00 1 Projected Prices and Volatility Factors are applicable for the Enhanced Coverage Option (ECO) and the Supplemental Coverage Option (SCO).
December 31, 2021