PRODUCT MANAGEMENT BULLETIN: PM–16-064
United States Department of Agriculture
Farm and Foreign Agricultural Services
Risk Management Agency
1400 Independence Avenue, SW
Stop 0801
Washington, DC 20250-0801
Date
December 13, 2016
To:
All Approved Insurance Providers
All Risk Management Agency Field Offices
All Other Interested Parties
All Risk Management Agency Field Offices
All Other Interested Parties
From:
Richard H. Flournoy, Deputy Administrator /s/ Richard H. Flournoy 12/13/2016
Subject:
2016 Crop Year (CY) Dry Pea and Dry Bean Revenue Endorsement Harvest Prices
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Dry Pea and Dry Bean Revenue Endorsement Harvest Prices1 The 2016 CY harvest prices shown below are for the Revenue Protection and Revenue Protection with Harvest Price Exclusion plans of insurance. The harvest prices are applicable for the crops, types, and states with a March 15, 2016, sales closing date. In accordance with section 3(c)(2) of the Dry Bean Revenue Endorsement and section 3(d)(2) of the Dry Pea Revenue Endorsement, the harvest price will be equal to the projected price when a harvest price cannot be determined. Harvest prices where this occurred are denoted by an asterisk in the following table.
Michigan
Dry Beans
DBRE - Revenue TypesHarvest Price ($ / pound)
Type: Black
$0.35 Type: Dark Red Kidney*
$0.32 Type: Pea (Navy)
$0.31 Type: Pinto*
$0.22 Type: Small Red
$0.32
Minnesota and North Dakota
Dry Beans
DBRE - Revenue TypesHarvest Price ($ / pound)
Type: Black
$0.31 Type: Dark Red Kidney
$0.35 Type: Pea (Navy)
$0.28 Type: Pinto
$0.30
Montana and North Dakota
Dry Peas
DBRE - Revenue TypesHarvest Price ($ / pound)
Type: Spring Smooth Green/Yellow
$0.10 Type: Spring Lentils
$0.26 Type: Spring Small Kabuli Chickpeas
$0.31 Type: Spring Large Kabuli Chickpeas
$0.31
Idaho and Washington
Dry Peas
DBRE - Revenue TypesHarvest Price ($ / pound)
Type: Spring Smooth Green/Yellow
$0.11 Type: Spring Lentils
$0.26 Type: Spring Small Kabuli Chickpeas
$0.23 Type: Spring Large Kabuli Chickpeas
$0.29 1 Harvest Prices are applicable for the Supplemental Coverage Option (SCO), as appropriate.
DISPOSAL DATE:
December 31, 2017.