Crop Insurance Interest Accrual Deferred

USDA’s Risk Management Agency will defer accrual of interest for all farmer’s spring 2019 crop year premiums, due to the extreme weather conditions, for two months or until November 30. That’s for all policies with a premium billing date of August 15. According to the USDA, any premium not paid by one of these new deadlines will accrue interest consistent with terms of the policy. Without the deferral, policies with an August 15 premium billing date would have an interest attach starting October 1 if policies weren’t paid by September 30.

Read more.

Dry Bean Scene

According to Stony Ridge Foods agronomist Bob Sowers, black and navy beans in the Benson, Minnesota area are about one month away from harvest. Get the details in the Dry Bean Scene on the Red River Farm Network, made possible, in part, by the Northarvest Bean Growers Association.

Prevent Plant Acres Total Over 19 Million

USDA’s Farm Service Agency released more information on prevent plant acres for 2019. U.S. farmers reported 11.2 million prevent plant acres of corn, 4.3 million acres of soybeans and 2.2 million acres for wheat. That makes for a grand total of more than 19 million PP acres for 2019, the most acres reported since FSA started releasing the report. In Minnesota, there are currently 1.1 million acres enrolled in prevent plant. North Dakota has over 830,00 acres enrolled, and South Dakota has 3.8 million acres. Updated information will be available each month through January 2020.

Jon Ihry

Dry Bean Production Forecast Cut in August Report

According to the August USDA Crop Production Report, production of dry edible beans is forecast at 24.6 million hundredweight, down 34 percent from 2018. Area planted is estimated at 1.33 million acres. That’s up two percent from the previous forecast, but down 36 percent from 2018. Area harvested is forecast at 1.28 million acres, up two percent from the previous forecast, but 36 percent below 2018. The average U.S. dry bean yield is forecast at 1,919 pounds per acre, an increase of 59 pounds from last season.

View the August Crop Production Report.

 

*Beginning in 2019, estimates no longer include chickpeas.

Crop Progress – August 12

According to the Weekly Crop Progress report, dry beans setting pods in North Dakota is at 78 percent, behind 93 percent last year and near 80 percent average. Dropping leaves is at three percent. The crop is rating dropped to 56 percent good to excellent.

In Minnesota, setting pods is at 83 percent. That’s behind 89 percent last year and near 86 percent average. The crop condition declined from the previous week with a 60 percent good to excellent rating.

The Idaho dry bean crop is rated 66 percent good to excellent and harvest is at two percent. In Oregon, 64 percent of dry beans are in good to excellent condition, with harvest at four percent. A good to excellent rating of 65 percent was given to dry beans in Washington. USDA is reporting the dry bean harvest in Montana at one percent complete.

The Wyoming dry bean crop has 45 percent setting pods, with a 73 percent good to excellent rating. Blooming is at 79 percent in Colorado with a rating of 61 good to excellent. The Michigan dry bean crop is rated 57 percent good to excellent, with 66 percent blooming and 24 percent setting pods.

View the latest crop progress report.

Dry Bean Scene

Leeds, North Dakota farmer Eric Jorgenson has been dealing with dry conditions for much of the growing season. Get the details in the Dry Bean Scene on the Red River Farm Network, made possible in part by the Northarvest Bean Growers Association.

Average Cropland Value Increases in 2019

The average value of agricultural cropland in the United States is $4,100 per acre, up 1.2 percent from the previous year. That’s according to the USDA 2019 Land Values report released this week. That value of cropland ties the 2015 record-high and represents a 55 percent increase in values over the last decade.
 
North Dakota cropland values average $1,740 per acre and $2,070 per acre in South Dakota. A higher value of $4,840 per acre is reported in Minnesota. The average cash rent rate is $70 per acre in North Dakota, $119 per acre in South Dakota and $164 per acre in Minnesota. The U.S. pasture value average is $1,400 per acre, up 2.2 percent from 2018.
 

Dry Conditions Persist in Northern North Dakota

According to the U.S. Drought Monitor, dry conditions still persistent in the northern tier counties of North Dakota. Northern Pierce and Benson counties, located in the north central part of the state, remain in D1 or moderate drought. That area of moderate drought did expand into northeast McHenry County this week. A small area in northeast Minnesota encompassing Saint Louis, Itasca and Aitkin counties is also abnormally dry, as well as the western edge of Kittson and Marshall counties in northwest Minnesota.
 

FSA Administrator Visits ND to Discuss MFP Payments

USDA Farm Service Agency Administrator Richard Fordyce paid a visit to North Dakota, meeting with farmers, agriculture organizations and other state leaders. The trip was prompted by North Dakota Senator John Hoeven to discuss details of the new Market Facilitation Program payments. This was the first roundtable event for the Administrator with farmers regarding the payments.
 
Farmers are still curious as to how the county rates were determined. Fordyce said in order to get payments out sooner rather than later, USDA had to come up with a calculation that didn’t require taking a crop to harvest. “It’s based on acres of crops that were planted in that county, the average yields of those crops times a number by commodity,” said Fordyce. “For example, if there was a county that experienced a weather anomaly within the last three years, that would impact the county yield number.”
 
Hear more and read more about Fordyce’s visit.

Weekly Dry Bean Market News

Dry bean trading activity remains limited with very light demand. This week is a transition from old crop to new crop for peas, lentils and garbs. Weather is a big factor for the next month and a half for dry beans before harvest starts. According to USDA’s Weekly Dry Bean Market News, grower prices for North Dakota and Minnesota remain mostly unchanged this week.