FACTSHEET • OCTOBER 2023 fsa.usda.gov/erp

EMERGENCY RELIEF PROGRAM (ERP) 1

DETERMINING CROP VALUE FOR CROPS NOT SOLD, USING THE EXPECTED REVENUE OPTION

EMERGENCY RELIEF PROGRAM (ERP) 2022 TRACK 2

Overview

ERP 2022, Track 2 is a revenue-based certification program 

that provides assistance for producers that suffered a loss 

of revenue in the disaster year revenue as compared to the 

benchmark year revenue, that was due to necessary expenses 

associated with losses of eligible crops (excluding crops 

intended for grazing), due in whole or in part to qualifying 

disaster event that occurred in the 2022 calendar year.

The expected revenue option—requires the producer to 

certify two values as described in the chart below, (1) the 

revenue reasonably expected to receive absent any disaster 

conditions occurring in calendar year 2022, referred to as 

the benchmark year revenue and the (2) actual disaster year 

revenue from all eligible crops that were included in the 

producer’s expected revenue calculation.

Option Benchmark Year 

Revenue 

Disaster Year 

Revenue 

Expected 

Revenue 

A producer’s 

expected revenue 

from all eligible 

crops that could 

have been affected 

by a qualifying 

disaster event in 

calendar year 2022. 

A producer’s actual 

revenue from all 

eligible crops that 

were included in 

the producer’s 

expected revenue. 

The producer’s expected revenue must include the 

expected revenue from all eligible crops that could have 

been affected by a qualifying disaster event in calendar 

year 2022, including crops prevented from being planted, 

crops in storage, and planted crops (including inventory, 

and perennial crops). It does not include revenue from crop 

by-products, such as cotton seed and corn stalks. Expected 

revenue for the benchmark year revenue must be based on 

realistic projections that can be supported by acceptable 

documentation of expected inventory, acres, yield, and 

unit price.

Actual disaster year revenue will include revenue from all 

eligible crops that were included in the producer’s expected 

revenue calculation.

This fact sheet further assists producers that selected the 

expected revenue option as the method to certify the 

revenue loss under program ERP 2022 and must determine 

crop value for eligible crops, which includes crops not sold. 

Eligible crops not sold could be crops in storage or inventory, 

used in the operation such as grapes grown and processed 

into wine, or crops fed to the producer’s livestock.

Some examples of acceptable documentation that could be 

used to provide realistic projections for expected inventory, 

acres, yield, and unit price:

• Sales contracts

• Purchase agreements

• Market agreements

• Settlement sheets

• Scale tickets

• Lease agreements

• Local market prices

• FCIC established yield 

and prices

• Crop insurance 

documents

• Historical yield data, 

appraisals

• Farm business plans

• Acreage reports

• Cooperative extension 

service & university data

• Financial institute 

documentation

• ARC and PLC

information

• FSA National Crop Table

data (used for NAP)

• National Agricultural

Statistics Service data

(NASS)
FACTSHEET • OCTOBER 2023 fsa.usda.gov/erp

EMERGENCY RELIEF PROGRAM (ERP) 2

How to Determine Expected and Actual Revenue Including Examples 

Use Table 2 to determine Benchmark Year Revenue for the Expected Revenue Option. 

Use Table 3 to determine Actual Revenue using the Expected Revenue Option.

TABLE 2. Expected Revenue 

The producer’s expected revenue must include the expected revenue from all eligible crops that could have been affected by 

a qualifying disaster event in calendar year 2022, including crops prevented from being planted, crops in storage, and planted 

crops (including inventory and perennial crops).

Expected Revenue Prior to Disaster Includes: Calculating Expected Revenue:

Revenue from all eligible planted and prevented planted yield-based 

crops that could have been affected by qualifying disaster event in 

calendar year 2022.

Includes eligible crops that were planted in 2022 but not harvested until 

calendar year 2023.

Excludes all crops with an intended use of grazing.

Expected Acres × Expected Yield Per Acre × Expected Price

Example: Producer intended to plant 1,000 acres of soybeans 

in County A and 100 acres of corn in County B. The expected 

benchmark year revenue will be calculated for both the corn and 

the soybeans.

Soybeans: 1,000 acres × 60 bushels/acre × $12.00/bushel = 

$720,000

Corn: 100 acres × 200 bushels/acre × $5.00/bushel = $100,000

The total expected benchmark year revenue for planted and 

prevented planted crops: $720,000 + $100,000 = $820,000

Revenue from all eligible perennial crops that could have been 

affected by a qualifying disaster event in calendar year 2022.

Excludes all crops with an intended use of grazing.

Expected Acres × Expected Yield Per Acre × Expected Price

Example: Producer planted 1,000 acres of alfalfa and expected to 

harvest 3 tons per acre. The NASS published priced for alfalfa hay 

in the county is $200/ton.

The total expected benchmark revenue for the alfalfa:

1,000 acres × 3 tons/acre × $200/ton = $600,000

Value of all eligible inventory crops that could have been affected by 

a qualifying disaster event in calendar year 2022.

Total Inventory Prior to Disaster × Expected Price

Example: Producer has 100,000 pounds of red fish in inventory 

with a contract to sell the fish for $3.50 per pound.

The total expected benchmark year revenue for inventory:

100,000 pounds × $3.50/pound = $350,000

Value of all crops in storage that could have been affected by a 

qualifying disaster event in calendar year 2022.

Includes eligible crops from 2022 and prior years in storage at the 

time of the disaster.

Total Production in Storage × Expected Price

Example: Producer has 50,000 bushels of hard red winter wheat 

produced on the farm and stored in grain bins and the grain 

elevator is purchasing wheat for $8.00 a bushel in the county.

The total expected benchmark year revenue for crops in storage: 

50,000 bushels × $8.00/bushel = $400,000.
EMERGENCY RELIEF PROGRAM (ERP) 3

TABLE 3. Actual Revenue

The producer’s disaster year revenue is the actual revenue from all eligible crops that were included in the expected 

revenue calculation.

Actual Revenue Includes: Actual Revenue Excludes:

Revenue from sales of eligible crops. Crops for grazing

FCIC Crop insurance indemnities and NAP payments, less premiums 

and fees

Aquatic species that do not meet the definition of aquaculture

Indemnities for eligible crops under private insurance policies Cannabis sativa L. and any part of the plant that does not meet the 

definition of hemp

The value of the eligible crop for crops not sold (such as crops in 

storage or inventory, or fed to the producer’s livestock).

The same price used to calculate the expected revenue for the 

benchmark year must be used to calculate the actual disaster year 

revenue for crops in storage from 2021 or earlier that remain in 

storage at the time of application because ERP does not pay for market 

fluctuations for prior year crops.

Timber

Payments issued for 2022 calendar year disaster losses, including 

but limited to payments under:

• ELAP for aquaculture crops

• ARC (ARC-CO, ARC-IC)

• LDP

• MLG

• Net gains hedging

• Grants from NOAA, and State program funds for the direct loss 

of eligible crops or the loss of revenue for eligible crops

• Other revenue directly related to the production of eligible 

crops that IRS requires the producer to report as income

Crop by-products such as cotton seed and corn stalks

Additional Information for Determining Value for Crops in Storage: 

Establish the value of crops in storage at the time of application according to these guidelines: 

For crops in storage that were produced in 2022 or 2023: For crops in storage from 2021 or earlier: 

The actual disaster year price may differ from the expected 

benchmark price due to market price fluctuations between 

planting and the time of marketing. This can be attributed 

to changes in market price, quality, or production losses 

related to qualifying disaster events occurring in the 2022 

calendar year.

Producers must use the expected price in calculating 

bench-mark and disaster year revenue if the crop remains in 

storage at the time of application since ERP 2022 does not 

pay for market fluctuations for prior year crops. 

USDA is an equal opportunity provider, employer, and lender.

FACTSHEET • OCTOBER 2023

For More Information

For more information, view the ERP 2022 Track 2 Fact Sheet,

or the ERP webpage at fsa.usda.gov/erp.

For FSA and Natural Resources Conservation Service 

programs, producers should contact their local 

USDA Service Center.