The CEPP – Peanuts factors necessary to establish a producer’s amount of protection under the peanut program for the 2023 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 January 15, 2023, to February 14, 2023. These factors apply only to states with a SCD of February 28, 2023. They are determined in accordance with the Peanut Price Methodology guidelines published and available at rma.usda.gov/-/media/RMA/Policies/CEPP/2021/Commodity-Exchange-Price-Provisions---Peanuts-21-CEPP-PT.ashx

The factor values for peanuts in states and counties with a February 28, 2023, SCD, as specified in the CEPP – Peanuts document for the 2023 crop year are shown below.

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

Commodity	Abbreviation	Value
Wheat	Ewh	-0.1775
Cotton	Ect	0.2606
Soybean Oil	Eso	0.4458
Soybean Meal	Esm	-0.0858

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

Variable	Abbreviation	Value
Price Constant	C	0.1373
Price Weighting Formula	W	0.4144

The values for the type factors are:

Type	Abbreviation	Value
Runner	Tru	1.00
Spanish	Tsp	1.79
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	-0.0823
Cotton	Gct	0.3196
Soybean Oil	Gso	-0.1620
Soybean Meal	Gsm	0.2616

The value for the volatility weighting factor is:

Variable	Abbreviation	Value
Volatility Weighting Factor	V	5.9856

DISPOSAL DATE:
December 31, 2023