1.  

PRODUCT MANAGEMENT BULLETIN: PM–22-065

United States Department of Agriculture


Farm and Foreign Agricultural Services


Risk Management Agency


1400 Independence Avenue, SW
Stop 0801
Washington, DC  20250-0801

Date

November 01, 2022

To:

All Approved Insurance Providers
All Risk Management Agency Field Offices
All Other Interested Parties

From:

Richard H. Flournoy, Deputy Administrator /s/ Richard H. Flournoy    11/1/2022

Subject:

2022 Crop Year (CY) Common Crop Insurance Policy, Area Risk Protection Insurance, and Margin Protection Harvest Prices Announcement

Common Crop Insurance Policy & Area Risk Protection Insurance 1

The 2022 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.


Crop/Type/Practice/
Sales Closing Date/State		 Exchange Contract Harvest Price
Corn
February 28 Sales Closing Date
Arizona, California, and Nevada 		CBOT December
Corn		 $6.86
per bushel
Corn – Organic Practice
February 28 Sales Closing Date
Arizona, California, and Nevada		 CBOT December
Corn		 $13.62
per bushel

Corn
March 15 Sales Closing Date
Colorado, Connecticut, Delaware, Illinois, Indiana, Iowa, Kansas, Kentucky, Maine, Maryland, Massachusetts, Minnesota, Missouri, Montana, Nebraska, New Hampshire, New Jersey, New Mexico, New York, North Dakota, Ohio, Pennsylvania, Rhode Island, South Dakota, Tennessee, Utah, Vermont, Virginia, West Virginia, Wisconsin, and Wyoming

 CBOT December
Corn		 $6.86
per bushel
Corn – Organic Practice
March 15 Sales Closing Date
Colorado, Connecticut, Delaware, Illinois, Indiana, Iowa, Kansas, Kentucky, Maine, Maryland, Massachusetts, Minnesota, Missouri, Montana, Nebraska, New Hampshire, New Jersey, New Mexico, New York, North Dakota, Ohio, Pennsylvania, Rhode Island, South Dakota, Tennessee, Utah, Vermont, Virginia, West Virginia, Wisconsin, and Wyoming		 CBOT December
Corn		 $13.62
per bushel
Corn – High Amylose
March 15 Sales Closing Date
Illinois, Indiana, Iowa, Kansas, Missouri, Nebraska, and South Dakota		 CBOT December
Corn		 $9.60
per bushel
Cotton2
February 28 Sales Closing Date
Alabama, Arizona, Arkansas, California, Florida, Georgia, Louisiana, Mississippi, North Carolina, South Carolina, and Texas		 ICE December Cotton  $0.81
per pound
Cotton – Organic Practice2
February 28 Sales Closing Date
Alabama, Arizona, Arkansas, California, Florida, Georgia, Louisiana, Mississippi, North Carolina, South Carolina, and Texas		 ICE December Cotton $1.21
per pound
Cotton2
March 15 Sales Closing Date
Missouri, Tennessee, Texas, and Virginia		 ICE December Cotton $0.81
per pound
Cotton – Organic Practice2
March 15 Sales Closing Date
Missouri, Tennessee, Texas, and Virginia
 ICE December Cotton $1.21
per pound
Grain Sorghum
February 28 Sales Closing Date
Arizona, California, and North Carolina
 CBOT December
Corn		 $6.83
per bushel
Grain Sorghum – Organic Practice 
February 28 Sales Closing Date 
Arizona, California, and North Carolina
 CBOT December
Corn		 $14.28
per bushel
Grain Sorghum
March 15 Sales Closing Date
Colorado, Delaware, Illinois, Indiana, Iowa, Kansas, Kentucky, Maryland, Minnesota, Missouri, Nebraska, New Jersey, New Mexico, New York, North Dakota, Ohio, Oklahoma, Pennsylvania, South Dakota, Tennessee, Virginia, and Wisconsin
 CBOT December
Corn		 $6.83
per bushel
Grain Sorghum – Organic Practice
March 15 Sales Closing Date
Colorado, Delaware, Illinois, Indiana, Iowa, Kansas, Kentucky, Maryland, Minnesota, Missouri, Nebraska, New Jersey, New Mexico, New York, North Dakota, Ohio, Oklahoma, Pennsylvania, South Dakota, Tennessee, Virginia, and Wisconsin
 CBOT December
Corn		 $14.28
per bushel
Peanuts – Runner Type
January 31 Sales Closing Date 
Texas		 CBOT/ICE December
Wheat, Cotton, Soybean Oil, and Soybean Meal		 $0.2423
per pound
Peanuts – Spanish Type 
January 31 Sales Closing Date 
Texas
 CBOT/ICE December
Wheat, Cotton, Soybean Oil, and Soybean Meal		 $0.4120
per pound
Peanuts – Runner Type
February 28 Sales Closing Date
Alabama, Arkansas, Florida, Georgia, Louisiana, Mississippi, Missouri, North Carolina, South Carolina, and Texas
 CBOT/ICE December
Wheat, Cotton, Soybean Oil, and Soybean Meal		 $0.2372
per pound
Peanuts – Spanish Type
February 28 Sales Closing Date
Alabama, Arkansas, Florida, Georgia, Louisiana, Mississippi, and Texas		 CBOT/ICE December
Wheat, Cotton, Soybean Oil, and Soybean Meal		 $0.4317
per pound
Peanuts – Virginia Type
February 28 Sales Closing Date
Alabama, Florida, Georgia, Mississippi, North Carolina, and South Carolina
 CBOT/ICE December
Wheat, Cotton, Soybean Oil, and Soybean Meal		 $0.2633
per pound
Peanuts – Runner Type
March 15 Sales Closing Date
New Mexico, Oklahoma, Texas, and Virginia
 CBOT/ICE December
Wheat, Cotton, Soybean Oil, and Soybean Meal		 $0.2361
per pound
Peanuts – Spanish Type
March 15 Sales Closing Date
New Mexico, Oklahoma, and Texas
 CBOT/ICE December
Wheat, Cotton, Soybean Oil, and Soybean Meal		 $0.4297
per pound
Peanuts – Valencia Type
March 15 Sales Closing Date
New Mexico, Oklahoma, and Texas		 CBOT/ICE December
Wheat, Cotton, Soybean Oil, and Soybean Meal		 $0.2621
per pound
Peanuts – Virginia Type
March 15 Sales Closing Date
New Mexico, Oklahoma, Texas, and Virginia		 CBOT/ICE December
Wheat, Cotton, Soybean Oil, and Soybean Meal		 $0.2621
per pound
Popcorn
March 15 Sales Closing Date
Colorado, Illinois, Indiana, Iowa, Kentucky, Minnesota, Missouri, Nebraska, Ohio, South Dakota, Tennessee, and Wisconsin
 CBOT December
Corn		 $0.2950
per pound
Popcorn – Organic Practice
March 15 Sales Closing Date
Colorado, Illinois, Indiana, Iowa, Kentucky, Minnesota, Missouri, Nebraska, Ohio, South Dakota, Tennessee, and Wisconsin
 CBOT December
Corn		 $0.4246
per pound
Rice – Long Grain Type
February 28 Sales Closing Date
California, Oklahoma, and Tennessee		 CBOT November
Rice		 $0.166
per pound
Rice – Long Grain Type; Organic Practice
February 28 Sales Closing Date
California, Oklahoma, and Tennessee
 CBOT November
Rice		 $0.222
per pound
Rice – Medium & Short Grain Types 
February 28 Sales Closing Date
Oklahoma and Tennessee 		CBOT November
Rice		 $0.234
per pound
Rice – Medium & Short Grain Types; Organic Practice
February 28 Sales Closing Date
Oklahoma and Tennessee 		CBOT November
Rice		 $0.314
per pound
Rice – Medium & Short Grain Types
February 28 Sales Closing Date
California
 CBOT November
Rice		 $0.292
per pound
Rice – Medium & Short Grain Types; Organic Practice
February 28 Sales Closing Date
California 		CBOT November
Rice		 $0.392
per pound
Rice – Long Grain Type
March 15 Sales Closing Date
Illinois and Missouri		 CBOT November
Rice		 $0.166
per pound
Rice – Long Grain Type; Organic Practice
March 15 Sales Closing Date
Illinois and Missouri 		CBOT November
Rice		 $0.222
per pound
Rice – Medium & Short Grain Types
March 15 Sales Closing Date
Illinois and Missouri		 CBOT November
Rice		 $0.234
per pound
Rice – Medium & Short Grain Types; Organic Practice
March 15 Sales Closing Date
Illinois and Missouri 		CBOT November
Rice		 $0.314
per pound
Soybeans
February 28 Sales Closing Date
Arkansas, Louisiana, Mississippi, and Texas
 CBOT November
Soybeans 		$13.81
per bushel
Soybeans – Organic Practice
February 28 Sales Closing Date
Arkansas, Louisiana, Mississippi, and Texas		 CBOT November
Soybeans		 $26.42
per bushel
Soybeans
March 15 Sales Closing Date
Colorado, Illinois, Indiana, Iowa, Kansas, Kentucky, Maine, Massachusetts, Michigan, Minnesota, Missouri, Montana, Nebraska, New Jersey, New York, North Dakota, Ohio, Oregon, Pennsylvania, South Dakota, Tennessee, Texas, Vermont, Washington, and Wisconsin
 CBOT November
Soybeans		 $13.81
per bushel
Soybeans – Organic Practice
March 15 Sales Closing Date
Colorado, Illinois, Indiana, Iowa, Kansas, Kentucky, Maine, Massachusetts, Michigan, Minnesota, Missouri, Montana, Nebraska, New Jersey, New York, North Dakota, Ohio, Oregon, Pennsylvania, South Dakota, Tennessee, Texas, Vermont, Washington, and Wisconsin
 CBOT November
Soybeans		 $26.42
per bushel
Sunflowers – Oil Type
March 15 Sales Closing Date
Colorado, Kansas, Minnesota, Montana, Nebraska, North Dakota, Oklahoma, South Dakota, Texas, and Wyoming
 CBOT December Soybean Oil  $0.352
per pound
Sunflowers – Oil Type; Organic Practice
March 15 Sales Closing Date
Colorado, Kansas, Minnesota, Montana, Nebraska, North Dakota, Oklahoma, South Dakota, Texas, and Wyoming
 CBOT December Soybean Oil $0.641
per pound
Sunflowers – Confectionary Type
March 15 Sales Closing Date
Colorado, Kansas, Minnesota, Montana, Nebraska, North Dakota, Oklahoma, South Dakota, Texas, and Wyoming 		 CBOT December Soybean Oil $0.440
per pound
Sunflowers – Confectionary Type; Organic Practice
March 15 Sales Closing Date
Colorado, Kansas, Minnesota, Montana, Nebraska, North Dakota, Oklahoma, South Dakota, Texas, and Wyoming		 CBOT December Soybean Oil $0.641
per pound
1 Harvest Prices are applicable for the Enhanced Coverage Option (ECO) and the Supplemental Coverage Option (SCO).
2 Harvest Prices are applicable for Stacked Income Protection (STAX) cotton policies.
       

Margin Protection

The following 2022 CY margin harvest prices are approved for the Margin Protection plan of insurance. Margin harvest prices are used in conjunction with harvest input prices and final county yields to derive the harvest margin. Please see the following web page on RMA’s public website for program details: www.rma.usda.gov/Policy-and-Procedure/Insurance-Plans/Margin- Protection-for-Corn-Rice-Soybeans-and-Wheat.


Crop/State/Type Exchange Contract Margin
Harvest
Price
Corn
September 30 Sales Closing Date
All States
 CBOT December
Corn		 $6.86
per
bushel
Rice – Long Grain Type & No Type Specified
February 28 Sales Closing Date
California and Missouri
 CBOT November
Rice		 $0.166
per
pound
Rice – Medium & Short Grain Types
February 28 Sales Closing Date
California
 CBOT November
Rice		 $0.292
per
pound
Rice – Medium & Short Grain Types
February 28 Sales Closing Date
Missouri		 CBOT November
Rice		 $0.234
per
pound
Soybeans
September 30 Sales Closing Date
All States
 CBOT November
Soybeans		 $13.81
per
bushel
       

DISPOSAL DATE
December 31, 2022

USDA is an Equal Opportunity Employer and Provider

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