PRODUCT MANAGEMENT BULLETIN: PM–23-011
United States Department of Agriculture
Farm and Foreign Agricultural Services
Risk Management Agency
1400 Independence Avenue, SW
Stop 0801
Washington, DC 20250-0801
Date
February 28, 2023
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 2/28/2023
Subject:
2023 Crop Year (CY) Additional Price Elections for Selected Dry Bean and Dry Pea Types with a March 15, 2023, Sales Closing Date (SCD)
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Additional Price Elections:
In accordance with section 3(e)(1) of the Basic Provisions, the Risk Management Agency is providing additional price elections for selected dry bean and dry pea types with a March 15, 2023, SCD.
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Dry Peas (Spring Types)
Colorado, Kansas, Minnesota, Nebraska, and WyomingType and Organic Practice
(not all types may be available in all states)
Additional Price
Election
($ / pound)Established Price
Election
($ / pound)CAT Price
Election
($ / pound)Smooth Green/Yellow
$0.13 0.09 $0.0715 Lentils
$0.28 $0.19 $0.1540 Small Kabuli Chickpeas
$0.34 $0.18 $0.1870 Small Kabuli Chickpeas organic
$0.34
$0.33 $0.1870 Large Kabuli Chickpeas
$0.30 $0.22 $0.1650 Desi Chickpeas
$0.25 $0.18 $0.1375 Desi Chickpeas organic
$0.50 0.36 $0.2750 Dry Peas (Spring Types)
Alaska and OregonType and Organic Practice
(not all types may be available in all states)Additional Price
Election
($ / pound)Established Price
Election
($ / pound)CAT Price
Election
($ / pound)Smooth Green/Yellow
$0.17 $0.10 $0.0935 Lentils
$0.40 $0.19 $0.2200 Lentils organic
$0.40 $0.32 $0.2200 Small Kabuli Chickpeas
$0.40
$0.18 $0.2200 Small Kabuli Chickpeas organic
$0.40 $0.33 $0.2200 Large Kabuli Chickpeas
$0.29 $0.22 $0.1595 Dry Beans
Iowa, South Dakota, and WisconsinType and Organic Practice
(not all types may be insurable in all states)
Additional Price
Election
($ / pound)Established Price
Election
($ / pound)CAT Price
Election
($ / pound)Black
$0.39 $0.37 $0.2145 Black Organic
$0.78 $0.74 $0.4290 Great Northern
$0.35 $0.33 $0.1925 Great Northern Organic
$0.70 $0.66 $0.3850 Pink
$0.39 $0.38 $0.2145 Pink Organic
$0.78 $0.76 $0.4290 Pinto
$0.38
$0.35 $0.2090 Pinto Organic
$0.76 $0.70 $0.4180 Dry Beans
Rest of U.S.Type and Organic Practice
(not all types may be insurable in all states)
Additional Price
Election
($ / pound)
Established Price
Election
($ / pound)CAT Price
Election
($ / pound)Black
$0.40 $0.37 $0.2200 Black Organic
$0.80 $0.74 $0.4400 Great Northern
$0.41 $0.33 $0.2250 Great Northern Organic
$0.82 $0.66 $0.4510 Pea
$0.40 $0.39 $0.2200 Pea Organic
$0.80 $0.78 $0.4400 Pink
$0.42 $0.38 $0.2310 Pink Organic
$0.84 $0.76 $0.4620 Pinto
$0.40 $0.35 $0.2200 Pinto Organic
$0.80 $0.70
$0.4400 Small Red
$0.44 $0.40 $0.2420 Small Red Organic
$0.88 $0.80 $0.4840 Small White
$0.40 $0.39 $0.2200 Small White Organic
$0.80 $0.78 $0.4400
January 31, 2024