1.  

PRODUCT MANAGEMENT BULLETIN: PM–19-016

United States Department of Agriculture


Farm and Foreign Agricultural Services


Risk Management Agency


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

Date

March 01, 2019

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    3/1/2019

Subject:

2019 Crop Year (CY) Dry Pea and Dry Bean Crop Provisions and Revenue Endorsement: Selected Projected Prices, Volatility Factors, and Additional Projected Prices, as applicable, for States with a March 15, 2019 Sales Closing Date (SCD).

Dry Pea and Dry Bean Crop Provisions and Revenue Endorsement

The approved 2019 CY projected prices shown below are for the Yield Protection, Revenue Protection, and Revenue Protection with Harvest Price Exclusion plans of insurance. The approved 2019 CY volatility factors shown below are for the Revenue Protection and Revenue Protection with Harvest Price Exclusion plans of insurance. The projected prices and volatility factors are applicable for the states, crops, and types indicated in the subsequent tables.

As authorized by the Special Provisions, RMA is providing additional projected prices for selected dry bean and dry pea types where the Dry Bean Revenue Endorsement (DBRE) and Dry Pea Revenue Endorsement (DPRE) do not offer coverage for price movement. Per the Special Provisions, the additional projected price shall be the basis for the premium determination and settlement of claims.

Projected Prices and Volatility Factors apply to Supplemental Coverage Option (SCO), as appropriate.

Projected Prices:

Dry Beans
Michigan
DBRE - Revenue Types
Type / Organic Practice

Projected Price

Volatility Factor

CAT Price
(Yield Protection Only)

($ / pound)

($ / pound)

Black (non-organic)

$0.28

0.14

$0.1540

Black (organic) *

$0.56

N/A

$0.3080

Pea (Navy) (non-organic)

$0.27

0.14

$0.1485

Pea (Navy) (organic) *

$0.54

N/A

$0.2970

Small Red (non-organic)

$0.33

0.14

$0.1815

Small Red (organic) *

$0.66

N/A

$0.3630

 

Dry Beans
Minnesota and North Dakota
DBRE – Revenue Types
Type / Organic Practice

Projected Price

Volatility Factor

CAT Price
(Yield Protection Only)

($ / pound)

($ / pound)

Black (non-organic)

$0.24

0.14

$0.1320

Black (organic) *

$0.48

N/A

$0.2640

Dark Red Kidney (non-organic)

$0.37

0.14

$0.2035

Dark Red Kidney (organic )*

$0.74

N/A

$0.4070

Pea (Navy) (non-organic)

$0.24

0.14

$0.1320

Pea (Navy) (organic) *

$0.48

N/A

$0.2640

Pinto (non-organic)

$0.23

0.14

$0.1265

Pinto (organic) *

$0.46

N/A

$0.2530

 

Dry Peas
Montana, North Dakota, and South Dakota
DPRE – Revenue Types
Type / Organic Practice

Projected Price

Volatility Factor

CAT Price
(Yield Protection Only)

($ / pound)

($ / pound)

Spring Smooth Green/Yellow (non-organic)

$0.11

0.15

$0.0605

Spring Smooth Green/Yellow (organic)*

$0.21

N/A

$0.1155

Spring Lentils (non-organic)

$0.16

0.15

$0.0880

Spring Lentils (organic)*

$0.28

N/A

$0.1540

Spring Small Kabuli Chickpeas (non-organic)

$0.14

0.15

$0.0770

Spring Small Kabuli Chickpeas (organic)*

$0.27

N/A

$0.1485

Spring Large Kabuli Chickpeas (non-organic)

$0.17

0.15

$0.0935

Spring Large Kabuli Chickpeas (organic)*

$0.32

N/A

$0.1760

 

Dry Peas
Idaho and Washington
DPRE – Revenue Types
Type / Organic Practice

Projected Price

Volatility Factor

CAT Price
(Yield Protection Only)

($ / pound)

($ / pound)

Spring Smooth Green/Yellow (non-organic)

$0.13

0.15

$0.0715

Spring Smooth Green/Yellow (organic)*

$0.25

N/A

$0.1375

Spring Lentils (non-organic)

$0.20

0.15

$0.1100

Spring Lentils (organic)*

$0.35

N/A

$0.1925

Spring Small Kabuli Chickpeas (non-organic)

$0.16

0.15

$0.0880

Spring Small Kabuli Chickpeas (organic)*

$0.30

N/A

$0.1650

Spring Large Kabuli Chickpeas (non-organic)

$0.19

0.15

$0.1045

Spring Large Kabuli Chickpeas (organic)*

$0.36

N/A

$0.1980

* Premium organic projected prices are only offered for the yield-based plans of insurance.

Additional Projected Prices:

Dry Beans
Michigan
DBRE – Non-Revenue Types
Type / Organic Practice

Additional
Projected Price

11/30/18
Projected Price

Updated CAT Price
(Yield Protection Only)

($ / pound)

($ / pound)

($ / pound)

Adzuki (non-organic)

$0.33

$0.25

$0.1815

Adzuki (organic)

$0.66

$0.50

$0.3630

Cranberry (non-organic)

$0.38

$0.35

$0.2090

Cranberry (organic)

$0.76

$0.70

$0.4180

Dark Red Kidney (non-organic)

$0.37

$0.35

$0.2035

Dark Red Kidney (organic)

$0.74

$0.70

$0.4070

Great Northern (non-organic)

$0.25

$0.21

$0.1375

Great Northern (organic)

$0.50

$0.42

$0.2750

Light Red Kidney (non-organic)

$0.37

$0.35

$0.2035

Light Red Kidney (organic)

$0.74

$0.70

$0.4070

Pink (non-organic)

$0.26

$0.25

$0.1430

Pink (organic)

$0.52

$0.50

$0.2860

Pinto (non-organic)

$0.24

$0.22

$0.1320

Pinto (organic)

$0.48

$0.44

$0.2640

Small White (non-organic)

$0.27

$0.22

$0.1485

Small White (organic)

$0.54

$0.44

$0.2970

Tebo (non-organic)

$0.25

$0.21

$0.1375

Tebo (organic)

$0.50

$0.42

$0.2750

White Kidney (non-organic)

$0.39

$0.37

$0.2145

White Kidney (organic)

$0.78

$0.74

$0.4290

 

Dry Beans
Minnesota and North Dakota
DBRE – Non-Revenue Types
Type / Organic Practice

Additional
Projected Price

11/30/18
Projected Price

Updated CAT Price
(Yield Protection Only)

($ / pound)

($ / pound)

($ / pound)

Great Northern (non-organic)

$0.25

$0.21

$0.1375

Great Northern (organic)

$0.50

$0.42

$0.2750

Tebo (non-organic)

$0.25

$0.21

$0.1375

Tebo (organic)

$0.50

$0.42

$0.2750

White Kidney (non-organic)

$0.39

$0.37

$0.2145

White Kidney (organic)

$0.78

$0.74

$0.4290

 

Dry Peas
Idaho, Montana, North Dakota,
  South Dakota and Washington
DPRE – Non-Revenue Types
Type / Organic Practice (not all types listed
  below may be available in all states)

Additional
Projected Price

11/30/18
Projected Price

Updated CAT Price
(Yield Protection Only)

($ / pound)

($ / pound)

($ / pound)

Desi Chickpeas (non-organic)

$0.14

$0.12

$0.0770

Desi Chickpeas (organic)

$0.27

$0.23

$0.1485

Spring Austrian Peas, Forage Peas (non- organic)

$0.16

$0.10

$0.0880

Spring Austrian Peas, Forage Peas (organic)

$0.24

$0.15

$0.1320

 

DISPOSAL DATE:
December 31, 2019

USDA is an Equal Opportunity Employer and Provider

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