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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 $28 to $30 per cwt. Black beans remain steady at $23 to $25 per cwt, while navy beans are at $25 to $26 per cwt. Kidney bean prices for Minnesota jumped to $38 to $42 per cwt. View the report.

USDA to Survey County Acreage and Production

The USDA’s National Agricultural Statistics Service (NASS) will survey farmers in 41 states, including North Dakota, as part of its County Agricultural Production Survey. The survey will collect information on total acres planted and harvested, as well as total yield and production of row crops down to the county level.
 
North Dakota State Statistician Darin Jantzi says the survey is going out later than usual. “The lateness and delays of the harvest is causing us to send this out three weeks later than normal. This is the time of the year where we’re collecting information to get more county estimate data.”
 
Within the next few weeks, NASS representatives will contact selected farmers to arrange telephone or in-person interviews to complete the survey. Jantzi says this data is used to help federal and state programs to support farmers. NASS safeguards the privacy of all respondents and publishes only aggregate data, ensuring that no individual operation or producer can be identified as required by federal law.

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 at $27 to $28 per cwt. Black beans remain steady at $23 to $25 per cwt, while navy beans are at $25 to $26 per cwt. Kidney bean prices for Minnesota jumped to $38 to $42 per cwt. View the latest report.

Harvest Progress – November 18

According to USDA’s Weekly Crop Progress report, harvest has finally come to a close in most states. In North Dakota, harvest is 92 percent complete. That compares to 87 percent the previous week. In Minnesota, harvest increased from 88 to 97 percent complete the past week. Dry bean harvest in Michigan is 95 percent done, an increase from 92 percent the previous week. View crop progress by state.

Second Tranche of MFP Payments to Begin Next Week

U.S. Department of Agriculture Secretary Sonny Perdue announced the second tranche of Market Facilitation Program payments will begin the week before Thanksgiving. Farmers with eligible commodities will receive 25% of the total payment expected in addition to the 50% already received. Perdue was meeting with farm broadcasters at the National Association of Farm Broadcasting convention today in Kansas City as the news was released. Hear from Perdue in this video and read more.

RMA to Defer Interest on Crop Insurance Premiums

To help farmers hurt by the extreme weather, USDA’s Risk Management Agency will defer the accrual of interest on 2019 crop insurance premiums until the end of January. USDA Under Secretary Bill Northey made that announcement at the National Association of Farm Broadcasting convention. The Agriculture Department had previously announced a deferral until November 20 from the established September 30 deadline. Northey, who spent time last week in Minnesota and North Dakota, said the extension is needed due to the very delayed harvest.

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 at $27 to $28 per cwt. Black beans remain steady at $23 to $25 per cwt, while navy beans are at $25 to $26 per cwt. Kidney bean prices for Minnesota jumped to $38 to $42 per cwt. View the report.

Harvest Progress – November 12

According to USDA’s Weekly Crop Progress report, harvest has finally come to a close in most states. In North Dakota, harvest is 87 percent complete. That compares to 77 percent the previous week. In Minnesota, harvest increased from 79 to 88 percent complete the past week. View crop progress by state.

North Dakota Receives Secretarial Disaster Designation

Today, U.S. Secretary of Agriculture Sonny Perdue approved North Dakota Governor Doug Burgum’s request for a secretarial disaster designation. Forty-seven of 53 counties in the state are included, making assistance available to farmers and ranchers.
 
“We deeply appreciate Secretary Perdue’s quick response to our request, because help can’t come soon enough for our farmers and ranchers facing one of the most difficult and stressful seasons on record,” Burgum said. “We continue to explore every available avenue to make sure our ag producers have the resources and tools they need to cope with these unprecedented wet conditions that are delaying the harvest and hurting our livestock producers. We’re extremely grateful to the state, federal and local officials and all the agencies that helped prepare the disaster request.” Read more.

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 at $22 to $27 per cwt. Black beans remain steady at $23 to $25 per cwt, while navy beans are at $25 per cwt. Kidney bean prices for Minnesota jumped to $37 to $42 per cwt. View the latest market news.