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Record Prevent Plant Acreage

The Farm Service Agency is estimating 2019 prevent plant acreage at a record 19.6 million acres. That compares to the previous record of just under 11 million acres in 2011. South Dakota leads the nation with nearly 4 million acres of PP. Illinois and Ohio each had about 1.5 million acres reported as prevented plant. Minnesota has nearly 1.2 million; Indiana has 943,000 acres and North Dakota has 319,000 acres in PP.

USDA Drops Dry Bean Production Forecast in October Report

USDA released its October Crop Production Report on Thursday. U.S. production of dry edible beans is forecast at 23.8 million cwt, down three percent from the August forecast and down 37 percent from 2018. Area planted is estimated at 1.31 million acres, down two percent from the August forecast and down 37 percent from 2018. Area harvested is forecast at 1.26 million acres, down two percent from the August forecast and 37 percent below 2018.
 
Acreage updates were made in several states based on a thorough review of all available data. The average United States yield is forecast at 1,889 pounds per acre, a decrease of 30 pounds from the August forecast, but an increase of 29 pounds from last season. Beginning in 2019, estimates no longer include chickpeas.
 

Weekly Dry Bean Market News

Dry bean trading activity remains limited with moderate demand. According to USDA’s Weekly Market News, North Dakota and Minnesota grower prices for pinto beans are $21 to $23 per hundredweight. Black beans remained steady at $22 to $24 per hundredweight, while navy beans are at $24 per hundredweight. Kidney bean prices for Minnesota are at $35 to $37 per hundredweight.
 

Harvest Progress – October 7

According to USDA’s Weekly Crop Progress report, dry bean harvest in North Dakota is at 41 percent, increasing only two percent from the previous week. That is well behind 93 percent last year and 82 percent average. In Minnesota, harvest increased from 39 to 48 percent complete. That is also behind 97 percent last year and 91 percent average. The Idaho dry bean harvest is at 71 percent, increasing from 63 percent last week. In Oregon, harvest is wrapping up at 90 percent complete and at 85 percent complete in Washington. The dry bean and chickpea harvest in Montana at 90 percent complete, compared to 85 percent last week. Dry bean harvest is at 70 percent in Wyoming, 72 percent in Colorado, 80 percent in Nebraska and at 26 percent in Michigan.
 

Weekly Dry Bean Market News

Dry bean trading activity remains limited with moderate demand. According to USDA’s Weekly Market News, North Dakota and Minnesota grower prices for pinto beans increased to $22 to $23 per hundredweight. Black beans also jumped to $22 to $24 per hundredweight, while navy beans remain steady at $22 to 24 per hundredweight. Kidney bean prices for Minnesota are at $34 to $37 per hundredweight.
 

Harvest Progress – September 30

According to USDA’s Weekly Crop Progress report, dry bean harvest in North Dakota is at 39 percent, compared to 28 percent last week. That is well behind 90 percent last year and 72 percent average. In Minnesota, harvest increased from 20 to 39 percent complete, which is also behind 92 percent last year and 82 percent average.
 
The Idaho dry bean harvest is at 63 percent, increasing from 51 percent last week. In Oregon, harvest is at 80 percent and at 66 percent in Washington. The dry bean and chickpea harvest in Montana at 85 percent complete, compared to 76 percent last week. Dry bean harvest is at 58 percent in Wyoming, 33 percent in Colorado, 71 percent in Nebraska and at 19 percent in Michigan.

Prevent Plant ‘Top Up’ Payments to be Paid in October

Farmers who filed a prevent plant claim will automatically receive a ‘top-up’ payment. A ten percent payment will be made to farmers with Yield Protection and Revenue Protection with the Harvest Price Option. Those with Revenue Protection will receive 15 percent.

“This has been such a tremendously tough year for producers and frankly, insurance guarantees aren’t as high as we’d like them based on the low commodity prices,” said Martin Barbre, administrator, Risk Management Agency. Barbre says the crop insurance companies will begin making the ‘top-up’ payments in mid-October. “I applaud the companies for stepping up and signing this agreement to bring these important funds to their producers.

USDA RMA Press Release

Weekly Dry Bean Market News

Dry bean trading activity remains limited with moderate demand. According to USDA’s Weekly Market News, North Dakota and Minnesota grower prices for pinto beans range from $20 to 22 per hundredweight. Navy beans are at $23 per hundredweight, while black beans are at $21 to 24 per hundredweight.
 

Harvest Progress – September 23

According to USDA’s Weekly Crop Progress report, dry bean harvest in North Dakota is at 28 percent, compared to 13 percent last week. That is well behind 84 percent last year and 59 percent average. In Minnesota, harvest jumped from 12 to 20 percent complete, which is also behind 78 percent last year and 64 percent average.
 
The Idaho dry bean harvest is at 51 percent, increasing from 37 percent last week. In Oregon, harvest is at 68 percent and at 51 percent in Washington. The dry bean and chickpea harvest in Montana at 76 percent complete, compared to 58 percent last week. Dry bean harvest is at 34 percent in Wyoming, 18 percent in Colorado, 37 percent in Nebraska and just getting started at four percent in Michigan.
 

Rallying Support for USMCA Ratification

Agriculture Secretary Sonny Perdue, along with former agriculture secretaries, held a press conference on Thursday to rally support for the U.S.-Mexico-Canada Agreement. There is a window of opportunity for Congress to ratify the agreement between now and the end of the year. One concern from House Democrats is labor provisions. Agriculture Secretary Sonny Perdue says there are enforceability consequences in the USMCA to ensure labor concerns are addressed. Read more.
 
The U.S. Dry Bean Council, including the Northarvest Bean Grower Association, has also sent a letter to U.S. Trade Representative Ambassador Robert Lighthizer asking for ratification of the USMCA. That letter can be read here.