INFORMATIONAL MEMORANDUM: PM18-001




1400 Independence Avenue, SW
Stop 0801
Washington, DC  20250-0801

Date

January 11, 2018

To:

All Approved Insurance Providers
All Risk Management Agency Field Offices
All Other Interested Parties

From:

Richard H. Flournoy Deputy Administrator /s/ Richard H. Flournoy    1/11/2018

Subject:

2017 Crop Year (CY) Dry Pea and Dry Bean Revenue Endorsement Harvest Prices
Dry Pea and Dry Bean Revenue Endorsement Harvest Prices

The 2017 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, 2017, 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 Types
Harvest Price
 ($ / pound)
 Type: Black  $0.29
 Type: Pea (Navy)  $0.27
 Type: Small Red*  $0.32

 

Minnesota and North Dakota
Dry Beans
DBRE – Revenue Types
Harvest Price
 ($ / pound)
 Type: Black  $0.26
 Type: Dark Red Kidney  $0.34
 Type: Pea (Navy)  $0.24
 Type: Pinto  $0.21

 

Montana and North Dakota
Dry Peas
DPRE – Revenue Types
 Harvest Price
 ($ / pound)
 Type: Spring Smooth Green/Yellow  $0.12
 Type: Spring Lentils  $0.25
 Type: Spring Small Kabuli Chickpeas  $0.32
 Type: Spring Large Kabuli Chickpeas  $0.34

 

Idaho and Washington
Dry Peas
DPRE – Revenue Types
 Harvest Price
 ($ / pound)
 Type: Spring Smooth Green/Yellow  $0.13
 Type: Spring Lentils  $0.28
 Type: Spring Small Kabuli Chickpeas  $0.22
 Type: Spring Large Kabuli Chickpeas  $0.33

 

Harvest Prices are applicable for the Supplemental Coverage Option (SCO), as appropriate.

 

DISPOSAL DATE:
December 31, 2018

USDA is an Equal Opportunity Employer and Provider