PRODUCT MANAGEMENT BULLETIN: PM–22-076
United States Department of Agriculture
Farm and Foreign Agricultural Services
Risk Management Agency
1400 Independence Avenue, SW
Stop 0801
Washington, DC 20250-0801
Date
December 01, 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 12/1/2022
Subject:
2022 Crop Year (CY) Common Crop Insurance Policy and Area Risk Protection Insurance 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, practices, sales closing dates, and states indicated in the following table.Crop/Practice/Sales Closing Date/State
Exchange Contract Harvest Price Corn
March 15 Sales Closing Date
Idaho, Michigan, Oregon, and Washington
CBOT
December
Corn
$6.68
per
bushelCorn - Organic Practice
March 15 Sales Closing Date
Idaho, Michigan, Oregon, and Washington
CBOT
December
Corn$13.27
per
bushelCotton2
March 15 Sales Closing Date
Kansas, New Mexico, and Oklahoma
ICE December
Cotton$0.84
per
poundCotton - Organic Practice2
March 15 Sales Closing Date
Kansas, New Mexico, and Oklahoma
ICE December
Cotton$1.24
per
poundPopcorn
March 15 Sales Closing Date
Michigan
CBOT
December
Corn$0.2872
per
poundPopcorn - Organic Practice
March 15 Sales Closing Date
Michigan
CBOT
December
Corn$0.4135
per
poundSoybeans
February 28 Sales Closing Date
Alabama, Florida, Georgia, North Carolina, and South Carolina
CBOT
January
(2023)
Soybeans$14.44
per
bushelSoybeans - Organic Practice
February 28 Sales Closing Date
Alabama, Florida, Georgia, North Carolina, and South Carolina
CBOT
January
(2023)
Soybeans$27.62
per
bushelSoybeans
March 15 Sales Closing Date
Delaware, Maryland, Oklahoma, Virginia, and West Virginia
CBOT
January
(2023)
Soybeans$14.44
per
bushelSoybeans - Organic Practice
March 15 Sales Closing Date
Delaware, Maryland, Oklahoma, Virginia, and West Virginia
CBOT January
(2023)
Soybeans$27.62
per
bushel1 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.
DISPOSAL DATE
December 31, 2023