Dry Bean

All dry beans in the county are insurable if:

• You have a share;
• They are planted for harvest as dry beans;
• They are planted for harvest as contract seed beans when applicable, if the seed bean processor contract is executed on or before the acreage reporting date; and
• They are not interplanted with another crop or planted into an established grass or legume, unless allowed by the Special Provisions of Insurance or written agreement.

Any acreage of the insured crop damaged before the final planting date, to the extent that most growers in the area would normally not further care for the crop, must be replanted unless the insurance provider agrees that replanting is not practical. The insurance provider will not require you to replant if it is not practical to replant the type of dry beans originally planted. If dry bean coverage is not available in your county, speak to a crop insurance agent.

• Sales Closing …………March 15, 2018
  
• Final Planting Date…………See County Actuarial
  
• Acreage Report………… July 15, 2018

Coverage is 60 percent of your production guarantee for timely planted acreage. If you have coverage greater than the catastrophic endorsement level and you agree to pay an additional premium, you may increase your prevented planting coverage to a level specified in the actuarial documents.

Beans - Dry beans and contract seed beans.

Contract Seed Beans - Dry beans grown under the terms of a seed bean processor contract for the purpose of producing seed to be used for producing dry beans or vegetable beans in a future crop year.

Dry Beans - The crop defined by the U.S. Standards for Beans, excluding contract seed beans.

Harvest - Combining the beans. Beans that are swathed or knifed before combining are not considered harvested.

Seed Bean Processor Contract - A written agreement between the contract seed bean producer and the seed company, containing at a minimum:

• The contract seed bean producer’s promise to plant and grow one or more specific varieties of contract seed beans and deliver the production from those varieties to the seed company;
• The seed company’s promise to purchase all the production stated in the contract; and
• A base price, or a method to determine such price based on published independent information that will be paid to the contract seed bean producer for the production stated in the contract.

Assume a 100 percent share, 1,800 pound actual production history (APH), 75 percent coverage level, and $0.30 price election.