Rapeseed is not traded on any commodity futures exchange. With the design of the 2011 Common Crop Insurance Policy Basic Provisions (Basic Provisions) it is necessary to calculate a price in real time based on a commodity futures exchange. Risk Management Agency’s (RMA) authority to derive this factor is found in the Commodity Exchange Price Provisions (CEPP) which utilizes an exchange price multiplied by a factor “as determined by RMA” to establish the rapeseed prices. This paper is to inform stakeholders regarding the methodology used to derive this factor.
Organization |
Risk Management Agency |
Publisher |
United States Department of Agriculture |
Published |
June, 2011 |
Material Type |
Written Material |