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Product Management Bulletin-PM-16-064

Date
To
All Approved Insurance Providers
All Risk Management Agency Field Offices
All Other Interested Parties
From
Richard H. Flournoy, Deputy Administrator
Subject
2016 Crop Year (CY) Dry Pea and Dry Bean Revenue Endorsement Harvest Prices
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 Types Harvest Price
($ / pound)
Type: Black $0.35
Type: Dark Red Kidney* $0.32
Type: Pea (Navy) $0.31
Type: Pinto* $0.22
Type: Small Red $0.32
Minnesota and North Dakota Dry Beans DBRE - Revenue Types Harvest Price
($ / pound)
Type: Black $0.31
Type: Dark Red Kidney $0.35
Type: Pea (Navy) $0.28
Type: Pinto $0.30
Montana and North Dakota Dry Peas DBRE - Revenue Types Harvest Price
($ / 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 $0.31
Idaho and Washington Dry Peas DBRE - Revenue Types Harvest Price
($ / 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.