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Dry Bean Scene

The latest dry bean production, yield and acreage numbers were released in the February USDA Crop Production report. Get those numbers in the Dry Bean Scene on the Red River Farm Network, made possible by the Northarvest Bean Growers Association.

USDA Buys Beans

USDA has purchased dry edible beans for distribution to child nutrition and other related domestic food assistance programs. Included in the purchase are baby lima, blackeye, Great Northern, light red kidney and pinto beans for a total of more than $3.19 million. View the purchase.

Weekly Dry Bean Market News

Dry bean trading activity is slow to 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 at $32 to $35 per cwt. Black beans remain steady at $25 to $27 per cwt and navy beans are at $28 to $30 per cwt. Kidney bean prices for Minnesota remain steady at $38 to $46 per cwt.

USDA Forecasts Near Average 2020 Net Farm Income

USDA is forecasting 2020 net farm income to increase 3.3 percent compared to 2019. Net farm income is expected to hit $96.7 billion in 2020, an increase of $3.1 billion compared to 2019. However, USDA expects 2020 net cash farm income to be down nine percent to $109.6 billion. Total direct government payments to the farm are expected to decrease $8.7 billion in 2020 to $14.98 billion. View the report here.

Weekly Dry Bean Market News

Dry bean trading activity is slow to 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 at $32 to $35 per cwt. Black beans remain steady at $25 to $27 per cwt and navy beans are at $28 to $30 per cwt. Kidney bean prices for Minnesota remain steady at $38 to $46 per cwt.

Weekly Dry Bean Market News

Dry bean trading activity is slow to 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 at $32 to $35 per cwt. Black beans remain steady at $25 to $27 per cwt and navy beans are at $28 to $30 per cwt. Kidney bean prices for Minnesota remain steady at $38 to $46 per cwt. View the full report.

Weekly Dry Bean Market News

Dry bean trading activity is slow to steady with very good demand according to USDA’s Weekly Market News. North Dakota and Minnesota grower prices for pinto beans are at $32 to $35 per cwt. Black beans remain steady at $23 to $26 per cwt and navy beans are at $28 to $30 per cwt. Kidney bean prices for Minnesota remain steady at $38 to $46 per cwt. Get the full report.

Crop Insurance Premiums Due Jan. 31

USDA’s Risk Management Agency is reminding farmers that crop insurance premiums are due January 31. Accrual of interest had been deferred for the 2019 crop year. If it’s not paid by then, the interest will attach on February 1, calculated from the date of the premium billing notice. The extended interest deferral built on other steps taken by USDA to support farmers and ranchers impacted by flooding and other disasters. As of January 13, RMA has paid roughly $8.1 billion in overall claims for the 2019 crop year.

Learn more.

Weekly Dry Bean Market News

 
Dry bean trading activity is very limited with very good demand according to USDA’s Weekly Market News. North Dakota and Minnesota grower prices for pinto beans are at $32 to $35 per cwt. Black beans remain steady at $23 to $26 per cwt and navy beans are at $28 to $30 per cwt. Kidney bean prices for Minnesota remain steady at $38 to $45 per cwt. View the report.

Bean Promotional Campaigns Take Colombia by Storm

A free trade agreement has made Colombia a market of potential for U.S. dry bean exports, as the U.S. is now price competitive. Support from the USDA FAS Emerging Market Program and Agricultural Trade Promotion Program has allowed the U.S. Dry Bean Council to launch several different marketing programs. The marketing programs are multi-media and run under two distinct campaigns, Todo con Frijol (Beans with Everything) and El Arte de Frijol – The Art of Beans. The campaigns include workshops, cooking demos, meetings with top Colombian chefs, recipe books and promotional video clips. Read more.