1.  

PRODUCT MANAGEMENT BULLETIN: PM–20-019

United States Department of Agriculture


Farm and Foreign Agricultural Services


Risk Management Agency


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

Date

March 02, 2020

To:

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

From:

Richard H. Flournoy, Deputy Administrator /s/ John W. Underwood for Richard H. Flournoy    3/2/2020

Subject:

2020 Crop Year (CY) Dry Pea and Dry Bean Crop Provisions and Revenue Endorsement: Selected Projected Prices, Volatility Factors, and Additional Projected Prices, as applicable, for States with a March 15, 2020, Sales Closing Date (SCD).

Dry Pea and Dry Bean Crop Provisions and Revenue Endorsement

The approved 2020 CY projected prices shown below are for the Yield Protection, Revenue Protection, and Revenue Protection with Harvest Price Exclusion plans of insurance. The approved 2020 CY volatility factors shown below are for the Revenue Protection and Revenue Protection with Harvest Price Exclusion plans of insurance. The projected prices and volatility factors are applicable for the states, crops, and types indicated in the subsequent tables.

As authorized by the Special Provisions, RMA is providing additional projected prices for selected dry bean and dry pea types where the Dry Bean Revenue Endorsement (DBRE) and Dry Pea Revenue Endorsement (DPRE) do not offer coverage for price movement. Per the Special Provisions, the additional projected price shall be the basis for the premium determination and settlement of claims.

Projected Prices and Volatility Factors apply to Supplemental Coverage Option (SCO), as appropriate.

Projected Prices:

Dry Beans
Michigan
DBRE - Revenue Types
Type / Organic Practice

Projected Price Volatility
Factor  

CAT Price
(Yield Protection Only)
($ / pound)
($ / pound)  
Black (non-organic) $0.30  0.14 $0.1650
Black (organic) *  $0.60  N/A $0.3300
Pea (non-organic) $0.31  0.14 $0.1705
Pea (organic) *  $0.62  N/A $0.3410
Small Red (non-organic)  $0.31  0.14 $0.1705
Small Red (organic) *  $0.62  N/A $0.3410
Dry Beans
Minnesota and North
Dakota
DBRE - Revenue Types
Type / Organic Practice 		Projected Price Volatility
Factor 
 
  		CAT Price
(Yield Protection Only)
($ / pound) ($ / pound)
Black (non-organic) $0.26  0.14 $0.1430 
Black (organic) *  $0.52  N/A $0.2860 
Dark Red Kidney (non-organic) $0.44  0.14 $0.2420 
Dark Red Kidney (organic) *  $0.88  N/A $0.4840 
Pea (non-organic) $0.29  0.14 $0.1595 
Pea (organic) *  $0.58  N/A $0.3190 
Pinto (non-organic)  $0.28  0.14 $0.1540 
Pinto (organic) *  $0.56  N/A $0.3080 

* Premium organic projected prices are only offered for the yield-based plans of insurance.

Dry Peas
Montana, North Dakota, and South Dakota
DPRE – Revenue Types
Type / Organic Practice 		Projected Price Volatility
Factor 		CAT Price
(Yield Protection Only)
($ / pound) ($ / pound)
Spring Smooth Green/Yellow (non-organic) $0.09 0.15 $0.0495
Spring Smooth Green/Yellow (organic) * $0.17 N/A $0.0935
Spring Lentils (non-organic) $0.15 0.15 $0.0825
Spring Lentils (organic) * $0.26 N/A $0.1430
Spring Small Kabuli Chickpeas (non-organic) $0.16 0.15 $0.0880
Spring Small Kabuli Chickpeas (organic) * $0.30 N/A $0.1650
Spring Large Kabuli Chickpeas (non-organic) $0.17 0.15 $0.0935
Spring Large Kabuli Chickpeas (organic) * $0.32 N/A $0.1760
Dry Peas
Idaho and Washington
DPRE – Revenue Types
Type / Organic Practice 		Projected Price

Volatility
Factor

CAT Price
(Yield Protection Only)
($ / pound) ($ / pound)
Spring Smooth Green/Yellow (non-organic) $0.11 0.15 $0.0605
Spring Smooth Green/Yellow (organic) * $0.21 N/A $0.1155
Spring Lentils (non-organic) $0.16 0.15 $0.0880
Spring Lentils (organic) * $0.28 N/A $0.1540
Spring Small Kabuli Chickpeas (non-organic) $0.14 0.15 $0.0770
Spring Small Kabuli Chickpeas (organic) * $0.27 N/A $0.1485
Spring Large Kabuli Chickpeas (non-organic) $0.19 0.15 $0.1045
Spring Large Kabuli Chickpeas (organic) *  $0.36 N/A $0.1980

* Premium organic projected prices are only offered for the yield-based plans of insurance.

Additional Projected Prices:

Dry Beans
Michigan
DBRE - Non-Revenue Types
Type / Organic Practice 		Additional
Projected Price 		11/30/2019
Projected Price 		Updated CAT Price
(Yield Protection Only)
($ / pound) ($ / pound) ($ / pound)
Dark Red Kidney (non-organic) $0.44  $0.35  $0.2420
Dark Red Kidney (organic) $0.88  $0.70  $0.4840
Great Northern (non-organic) $0.30  $0.27  $0.1650
Great Northern (organic) $0.60  $0.54  $0.3300
Light Red Kidney (non-organic) $0.40  $0.35  $0.2200
Light Red Kidney (organic) $0.80  $0.70  $0.4400
Pink (non-organic) $0.32  $0.27  $0.1760
Pink (organic) $0.64  $0.54  $0.3520
Pinto (non-organic) $0.30  $0.25  $0.1650
Pinto (organic) $0.60  $0.50  $0.3300
Small White (non-organic) $0.31  $0.26  $0.1705
Small White (organic) $0.62  $0.52  $0.3410
White Kidney (non-organic) $0.42  $0.37  $0.2310
White Kidney (organic) $0.84  $0.74  $0.4620
Adzuki (non-organic) $0.31  $0.28  $0.1705
Adzuki (organic) $0.62  $0.56  $0.3410
Tebo (non-organic) $0.30  $0.27  $0.1650
Tebo (organic) $0.60  $0.54  $0.3300
Dry Beans
Minnesota and North Dakota
DBRE - Non-Revenue Types
Type / Organic Practice 		Additional
Projected Price 		11/30/2019
Projected Price 		Updated CAT Price
(Yield Protection Only)
($ / pound) ($ / pound) ($ / pound)
Great Northern (non-organic) $0.30  $0.27  $0.1650
Great Northern (organic) $0.60  $0.54  $0.3300
Light Red Kidney (non-organic) $0.40  $0.35  $0.2200
Light Red Kidney (organic) $0.80  $0.70  $0.4400
Pink (non-organic) $0.30  $0.25  $0.1650
Pink (organic) $0.60  $0.50  $0.3300
Small Red (non-organic) $0.30  $0.26  $0.1650
Small Red (organic) $0.60  $0.52  $0.3300
White Kidney (non-organic) $0.42  $0.37  $0.2310
White Kidney (organic) $0.84  $0.74  $0.4620
Tebo (non-organic) $0.30  $0.27  $0.1650
Tebo (organic) $0.60  $0.54  $0.3300
Dry Peas
Idaho, Montana, North Dakota, South
Dakota and Washington
DPRE – Non-Revenue Types
Type / Organic Practice (not all types
listed below may be available in all states) 		Additional
Projected Price 		11/30/19
Projected Price 		Updated CAT Price
(Yield Protection Only)
($ / pound) ($ / pound) ($ / pound)
Desi Chickpeas (non-organic) $0.14 $0.10 $0.0770
Desi Chickpeas (organic) $0.27 $0.19 $0.1485
Spring Austrian Peas, Forage Peas
(non-organic)		 $0.16 $0.13 $0.0880
Spring Austrian Peas, Forage Peas
(organic)		 $0.24 $0.20 $0.1320
Marrowfat Peas (non-organic) $0.18 $0.13 $0.0990
Marrowfat Peas (organic) $0.30 $0.13 $0.1650

DISPOSAL DATE:
 January 31, 2020

USDA is an Equal Opportunity Employer and Provider

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