PRODUCT MANAGEMENT BULLETIN: PM–22-059
United States Department of Agriculture
Farm and Foreign Agricultural Services
Risk Management Agency
1400 Independence Avenue, SW
Stop 0801
Washington, DC 20250-0801
Date
October 17, 2022
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 10/17/2022
Subject:
2023 Crop Year (CY) Common Crop Insurance Policy Projected Prices And Volatility Factors Announcement
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Common Crop Insurance Policy 1
The 2023 CY projected prices shown below are approved for the Yield Protection, Revenue Protection, and Revenue Protection with Harvest Price Exclusion plans of insurance. The 2023 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 crops, types, practices, sales closing date, and states indicated in the following table.
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Crop/Type/Practice
Sales Closing Date/State
Exchange Contract Projected
PriceVolatility
FactorBarley
October 31 Sales Closing Date
Arizona & California
CBOT July
Corn
$6.30
per
bushel
0.21 Barley
Organic Practice
October 31 Sales Closing Date
Arizona & California
CBOT
July
Corn
$13.46
per
bushel0.21 Barley - Winter
October 31 Sales Closing Date
Nevada & Utah
CBOT
September
Corn$5.86
per
bushel0.24 Barley - Winter
Organic Practice
October 31 Sales Closing Date
Nevada & Utah
CBOT
September
Corn
$12.53
per
bushel0.24
Wheat - Winter
October 31 Sales Closing Date
Arizona & California
KCBT July
HRW
Wheat$9.45
per
bushel0.31
Wheat - Winter
Organic Practice
October 31 Sales Closing Date
Arizona & California
KCBT
July
HRW
Wheat
$18.82
per
bushel0.31
Wheat - Durum
October 31 Sales Closing Date
Arizona & California
MGE
July
HRS
Wheat
$11.76
per
bushel0.23 Wheat - Durum
Organic Practice
October 31 Sales Closing Date
Arizona & California
MGE July
HRS
Wheat
$23.43
per
bushel0.23
1 Projected Prices and Volatility Factors are applicable for the Enhanced Coverage Option (ECO) and the Supplemental Coverage Option (SCO).
December 31, 2023