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RMA Extends Deadlines, Defers Interest Accrual Date

The USDA Risk Management Agency is allowing crop insurance providers to extend deadlines for premium and administration fee payments. This allows the providers to defer interest accrual for these payments.
 
“USDA recognizes farmers and ranchers have been severely affected by the COVID-19 Pandemic this year and to help ease the burden on these folks, we are continuing to extend flexibility for producers,” said U.S. Secretary of Agriculture Sonny Perdue. “The flexibilities announced today support health and safety while also ensuring the Federal crop insurance program continues to serve as a vital risk management tool.”
 

Weekly Dry Bean Market News

Dry bean trading activity is steady with very good demand, according to USDA’s Weekly Market News. Contract product is moving steady. North Dakota and Minnesota grower prices for pinto beans are $38 to $40 per cwt. Black beans remain steady at $25 to $27 per cwt and navy beans are at $30 to $35 per cwt. Bid were not available this week for garbanzo or kidney beans.

Crop Progress Report – August 3

North Dakota – Dry edible bean condition rated 4% very poor, 9% poor, 23% fair, 52% good, and 12% excellent. Dry edible beans blooming was 77%, behind 85% last year and 90% average.Setting pods was 47%, behind 59% last year and 63% average.

Minnesota – Dry edible bean blooming progress was just about complete at 96%, with 79% setting pods. That’s ahead of 52% last year and 63% average. Condition improved to 84% good to excellent and 1% poor.

Wyoming – Dry edible bean condition rated 20% fair and 80% good. Blooming was 86%. Setting pods was 49%, compared to 29% last year and 27% average.

Colorado – Dry edible bean condition rated 3% very poor, 23% poor, 38% fair, and 36% good. Blooming was 61%, ahead of 56% last year and behind 66% average.

Idaho – Dry edible bean condition rated 6% poor, 19% fair, 69% good, and 6% excellent.

Oregon – Dry edible bean condition rated 2% very poor, 6% poor, 14% fair, 60% good, and 18% excellent.

Washington – Dry edible bean condition rated 1 % very poor, 1% poor, 18% fair, 63% good, and 17% excellent.

Nebraska – Dry edible bean condition rated 1% poor, 13% fair, 71% good, and 15% excellent. Blooming was 73%, ahead of 55% last year. Setting pods was 38%, ahead of 19% last year.

Michigan – Dry edible bean condition rated 7% very poor, 11% poor, 39% fair, 28% good, and 15% excellent. Blooming was 95% complete and setting pods was 16% complete.

View the latest USDA Weekly Crop Progress Report here.

Weekly Dry Bean Market News

Dry bean trading activity is steady with very good demand, according to USDA’s Weekly Market News. Contract product is moving steady. North Dakota and Minnesota grower prices for pinto beans are $38 to $40 per cwt. Black beans remain steady at $25 to $27 per cwt and navy beans are at $30 to $35 per cwt. Bid were not available this week for garbanzo or kidney beans.

Crop Progress Report – July 27

North Dakota – Dry edible bean condition rated 5% very poor, 9% poor, 26% fair, 48% good, and 12% excellent. Blooming was 71%, behind 77% last year and 81% average. Setting pods was 26%, behind 35% last year.
 
Minnesota – Dry edible bean condition rated 1% poor, 18% fair, 67% good, and 14% excellent. Blooming was 88%, ahead of 64% last year and 79% average. Setting pods was 57%, compared to 27% last year and 35% average.
 
Wyoming – Dry edible bean condition rated 19% fair and 81% good. Blooming was 57%, ahead of 56% last year and 41% average. Setting pods was 20%, compared to 9% last year and 13% average.
 
Colorado – Dry edible bean condition rated 4% very poor, 20% poor, 32% fair, 43% good, and 1% excellent. Blooming was 41%, ahead of 38% last year and behind 51% average.
 
Idaho – Dry edible bean condition rated 5% poor, 20% fair, 67% good, and 8% excellent.
 
Oregon – Dry edible bean condition rated 2% very poor, 4% poor, 14% fair, 60% good, and 20% excellent.
 
Washington – Dry edible bean condition rated 1 % very poor, 1% poor, 20% fair, 61% good, and 17% excellent.
 
Nebraska – Dry edible bean condition rated 1% very poor, 1% poor, 15% fair, 68% good, and 15% excellent. Blooming was 60%, well ahead of 33% last year. Setting pods was 15%, ahead of 7% last year.
 
Michigan – Dry edible bean condition rated 5% very poor, 9% poor, 43% fair, 32% good, and 11% excellent. Blooming was 42% complete, ahead of 14% last year and 35% average.
 
View the latest USDA Weekly Crop Progress Report here.

Weekly Dry Bean Market News

Dry bean trading activity is steady with very good demand, according to USDA’s Weekly Market News. Contract product is moving steady. North Dakota and Minnesota grower prices for pinto beans are $38 to $40 per cwt. Black beans remain steady at $25 to $27 per cwt and navy beans are at $30 to $35 per cwt. Bid were not available this week for garbanzo or kidney beans.

Crop Progress Report – July 20

North Dakota – Dry edible bean condition rated 2% very poor, 8% poor, 30% fair, 51% good, and 9% excellent. Blooming was 58%, equal to both last year and average.Setting pods was 12%, near 10% last year.
 
Minnesota – Dry edible bean condition rated 0% very poor, 1% poor, 14% fair, 72% good, and 13% excellent. Blooming was 81%, ahead of 139% last year and 60% average. Setting pods was 31%, compared to 8% last year and 11% average.
 
Wyoming – Dry edible bean condition rated 15% fair and 85% good. Blooming was 43%, ahead of 37% last year and 22% average. Setting pods was 2%.
 
Colorado – Dry edible bean condition rated 17% very poor, 20% poor, 33% fair, 29% good, and 1% excellent. Blooming was 24%, behind 29% last year and 34% average.
 
Idaho – Dry edible bean condition rated 2% poor, 20% fair, 75% good, and 3% excellent.
 
Oregon – Dry edible bean condition rated 2% very poor, 4% poor, 13% fair, 60% good, and 21% excellent.
 
Washington – Dry edible bean condition rated 8% poor, 21% fair, 52% good, and 19% excellent.
 
Nebraska – Dry edible bean condition rated 1% very poor, 5% poor, 28% fair, 60% good, and 6% excellent. Blooming was 52%, well ahead of 9% last year. Setting pods was 8%.
 
Michigan – Dry edible bean condition rated 6% very poor, 10% poor, 36% fair, 41% good, and 7% excellent. Emergence was 95% and blooming was 4% complete.
 
View the latest USDA Weekly Crop Progress Report here.

Weekly Dry Bean Market News

Dry bean trading activity is steady with very good demand, according to USDA’s Weekly Market News. Contract product is moving steady. North Dakota and Minnesota grower prices for pinto beans are $38 to $40 per cwt. Black beans remain steady at $25 to $27 per cwt and navy beans are at $30 to $35 per cwt. Bid were not available this week for garbanzo or kidney beans.

Crop Progress Report – July 13

North Dakota – Dry edible bean condition rated 3% very poor, 7% poor, 29% fair, 53% good, and 8% excellent. Blooming was 23%, near 27% last year, and behind 32% average.Setting pods was 2%, near 1% last year.
 
Minnesota – Dry edible bean condition rated 0% very poor, 1% poor, 13% fair, 76% good, and 10% excellent. Blooming was 62%, ahead of 15% last year and 36% average. Setting pods was 21%, compared to 2% last year.
 
Wyoming – Dry edible bean condition rated 15% fair and 85% good. Blooming was 20%, ahead of 16% last year and 6% average.
 
Colorado – Dry edible bean condition rated 17% very poor, 18% poor, 31% fair, 33% good, and 1% excellent. Blooming was 14%, behind 17% last year and 16% average.
 
Idaho – Dry edible bean condition rated 2% poor, 18% fair, 78% good, and 2% excellent.
 
Oregon – Dry edible bean condition rated 2% very poor, 4% poor, 13% fair, 60% good, and 21% excellent.
 
Washington – Dry edible bean condition rated 4% poor, 16% fair, 72% good, and 8% excellent.
 
Nebraska – Dry edible bean condition rated 1% poor, 18% fair, 72% good, and 9% excellent. Blooming was 20% and setting pods was 1%.
 
Michigan – Dry edible bean condition rated 4% very poor, 10% poor, 40% fair, 42% good, and 4% excellent. Emergence was 89%.
 
View the latest USDA Weekly Crop Progress Report here.

USDA Improves Crop Insurance Policies with New Options

The U.S. Department of Agriculture (USDA) today announced changes to several crop insurance policies improving options for producers, including introducing a new Quality Loss Option, a new unit structure assignment option for Enterprise Units (EU) and new procedures for Multi-County Enterprise Units (MCEU).
 
Specifically:
  • The new Quality Loss Option is in response to the 2018 Farm Bill that required the Federal Crop Insurance Corporation (FCIC) to research and develop methods of adjusting for quality losses. The new Quality Loss Option allows producers to replace post-quality production amounts in their Actual Production History (APH) databases with pre-quality production amounts, thereby increasing their actual yields for individual crop years.
  • For EUs and MCEUs, a new unit structure assignment option was added. Now, if the producer doesn’t qualify for separate EUs on both practices (EUs for both irrigated and non-irrigated practices, or EUs for both Following Another Crop (FAC) and Not Following Another Crop (NFAC) cropping practices, as authorized), an EU may apply to one practice meeting EU requirements and basic/optional units on the other practice.