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New Global Dry Bean Supply/Demand Reporting Available

The U.S. Dry Bean Council is developing a new series of reports on global dry bean supply and demand.This information is being to developed to provide insight on global dry bean intentions and production to allow for improved global strategy response and inform important business decisions for our members.The reports will be developed for each major exportable bean type, with the first of the series focused on black beans released earlier this month. The black bean production outlook covers the harvest period in the main black bean producing countries taking into account that tropical and subtropical countries, such as Guatemala and Brazil, have three crops per year, while temperate countries have one crop per year and Mexico has two. Additionally, the report looks at global exports from the main black bean producing countries.
 
This report is available on our members only website and by request.

Complete Crop Acreage Reports

Agricultural producers who have not yet completed their crop acreage reports after spring planting should make an appointment with their local Farm Service Agency (FSA) office before the applicable deadline. July 15 is a major deadline for most crops, but acreage reporting deadlines vary by county and by crop. Contact your FSA county office for acreage reporting deadlines that are specific to your county.
 
“The first step to become eligible for many USDA programs is to file an accurate crop acreage report,” said FSA Administrator Richard Fordyce. “To file your acreage report, call your local FSA office to make an appointment. Your local staff is standing by to help you.”
           
Due to the pandemic, FSA has implemented acreage reporting flexibilities. FSA can work with producers to file timely acreage reports by phone, email, online tools and virtual meetings. Some FSA offices are open for in-person appointments, but you must call first to make an appointment. For questions, please call your FSA county office.

Dry Bean Prices Higher Compared to One Year Ago

USDA released their Agricultural Prices Report on June 30. The price comparisons for dry edible beans are listed below.

The full report is available here.

More Dry Bean Acres Estimated in 2020

Area planted for dry beans in 2020 is estimated at 1.59 million acres, up 23 percent from last year. Area harvested is forecast to total 1.53 million acres, up 30 percent from last year. Eight out of nine estimating States show an increase in total dry bean planted acres compared to last year. Planted area in North Dakota is expected to be a record high.

View the full June Acreage Report from USDA here.