All Risk Management Agency Field Offices
All Other Interested Parties
Dry Pea and Dry Bean Crop Provisions and Revenue Endorsement
The approved 2015 CY projected prices shown below are for the Yield Protection, Revenue Protection, and Revenue Protection with Harvest Price Exclusion plans of insurance. The approved 2015 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.
The amount of data collected for Michigan dark red kidney and pinto prices did not satisfy the requirements stipulated in the DBRE. Consequently, these types produced in Michigan will not have coverage for price movement.
Projected Prices:
| Michigan Dry Beans DBRE - Revenue Types | Projected Price $/pound | Volatility Factor | Updated CAT Price (Yield Protection Only) $/pound |
|---|---|---|---|
| Type: Black | $0.32 | 0.17 | $0.1760 |
| Type: Dark Red Kidney* | $0.53 | 0.00 | $0.2915 |
| Type: Pea (Navy) | $0.31 | 0.17 | $0.1705 |
| Type: Pinto* | $0.27 | 0.00 | $0.1485 |
| Type: Small Red | $0.38 | 0.17 | $0.2090 |
*There was not adequate data to determine a Revenue Endorsement price for this type. There will be no price movement for this type; the harvest price will equal the projected price.
| Minnesota and North Dakota Dry Beans DBRE - Revenue Types | Projected Price $/pound | Volatility Factor | Updated Cat Price (Yield Protection Only) $/pound |
|---|---|---|---|
| Type: Black | $0.28 | 0.17 | $0.1540 |
| Type: Dark Red Kidney | $0.53 | 0.17 | $0.2915 |
| Type: Pea (Navy) | $0.31 | 0.17 | $0.1705 |
| Type: Pinto | $0.25 | 0.17 | $0.1375 |
| Montana and North Dakota Dry Peas DPRE - Revenue Types | Projected Price $/pound | Volatility Factor | Updated CAT Price (Yield Protection Only) $/pound |
|---|---|---|---|
| Type: Spring Smooth Green/Yellow | $0.13 | 0.18 | $0.0715 |
| Type: Spring Lentils | $0.26 | 0.18 | $0.1430 |
| Type: Spring Small Kabuli Chickpeas | $0.19 | 0.18 | $0.1045 |
| Type: Spring Large Kabuli Chickpeas | $0.26 | 0.18 | $0.1430 |
| Idaho and Washington Dry Peas DPRE - Revenue Types | Projected Price $/pound | Volatility Factor | Updated CAT Price (Yield Protection Only) $/pound |
|---|---|---|---|
| Type: Spring Smooth Green/Yellow | $0.16 | 0.18 | $0.0880 |
| Type: Spring Lentils | $0.30 | 0.18 | $0.1650 |
| Type: Spring Small Kabuli Chickpeas | $0.22 | 0.18 | $0.1210 |
| Type: Spring Large Kabuli Chickpeas | $0.31 | 0.18 | $0.1705 |
Additional Projected Prices:
| Michigan Dry Beans DBRE – Non-Revenue Types | Additional Projected Price $/pound | 11/28/14 Projected Price $/pound | Updated CAT Price (Yield Protection Only) $/pound |
|---|---|---|---|
| Type: Cranberry | $0.52 | $0.40 | $0.2860 |
| Type: Light Red Kidney | $0.48 | $0.40 | $0.2640 |
| Type: Pink | $0.30 | $0.28 | $0.1650 |
| Type: Small White | $0.31 | $0.26 | $0.1705 |
| Type: White Kidney | $0.48 | $0.40 | $0.2640 |
| Type: Adzuki | $0.38 | $0.30 | $0.2090 |
| Minnesota and North Dakota Dry Beans DBRE – Non-Revenue Types | Additional Projected Price $/pound | 11/28/14 Projected Price $/pound | Updated CAT Price (Yield Protection Only) $/pound |
|---|---|---|---|
| Type: Cranberry | $0.52 | $0.40 | $0.2860 |
| Type: Light Red Kidney | $0.48 | $0.40 | $0.2640 |
| Type: Pink | $0.28 | $0.26 | $0.1540 |
| Type: Small Red | $0.33 | $0.27 | $0.1815 |
| Type: White Kidney | $0.48 | $0.40 | $0.2640 |
| Idaho, Montana, North Dakota, and Washington Dry Peas DPRE – Non-Revenue Types | Additional Projected Price $/pound | 11/28/14 Projected Price $/pound | Updated CAT Price (Yield Protection Only) $/pound |
|---|---|---|---|
| Type: Spring Austrian/Forage Peas | $0.21 | $0.19 | $0.1155 |
DISPOSAL DATE:
December 31, 2015