All Risk Management Agency Field Offices
All Other Interested Parties
Dry Pea and Dry Bean Crop Provisions and Revenue Endorsement
The Risk Management Agency (RMA) approved the 2022 CY projected prices shown below for the following plans of insurance: Yield Protection, Revenue Protection, and Revenue Protection with Harvest Price Exclusion. The RMA approved the 2022 CY volatility factors shown below 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. Projected Prices and Volatility Factors apply to Supplemental Coverage Option (SCO) and Enhanced Coverage Option (ECO), as appropriate.
As authorized by the Special Provisions, RMA is also providing additional projected prices for selected dry bean and dry pea types where the Dry Bean Revenue Endorsement and Dry Pea Revenue Endorsement 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:
Dry Beans – Colorado, Nebraska, and Wyoming
| Type and Organic Practice* | Projected Price ($ / pound) | Volatility Factor | CAT Price (Yield Production Only) ($ / pound) |
| Pinto | $0.38 | 0.22 | $0.2090 |
| Pinto Organic* | $0.76 | N/A | $0.4180 |
| *Premium Organic projected prices are only offered for the yield-based plans of insurance. | |||
Dry Beans – Minnesota and North Dakota
| Type and Organic Practice* | Projected Price ($ / pound) | Volatility Factor | CAT Price (Yield Production Only) ($ / pound) |
| Black | $0.39 | 0.22 | $0.2145 |
| Black Organic* | $0.78 | N/A | $0.4290 |
| Dark Red Kidney | $0.44 | 0.22 | $0.2420 |
| Dark Red Kidney Organic* | $0.88 | N/A | $0.4840 |
| Pea | $0.39 | 0.22 | $0.2145 |
| Pea Organic* | $0.78 | N/A | $0.4290 |
| Pinto | $0.37 | 0.22 | $0.2035 |
| Pinto Organic* | $0.74 | N/A | $0.4070 |
| *Premium Organic projected prices are only offered for the yield-based plans of insurance. | |||
Dry Beans – Michigan
| Type and Organic Practice* | Projected Price ($ / pound) | Volatility Factor | CAT Price (Yield Production Only) ($ / pound) |
| Black | $0.40 | 0.22 | $0.2200 |
| Black Organic* | $0.80 | N/A | $0.4400 |
| Pea | $0.40 | 0.22 | $0.2200 |
| Pea Organic* | $0.80 | N/A | $0.4400 |
| Small Red | $0.41 | 0.22 | $0.2255 |
| Small Red Organic* | $0.82 | N/A | $0.4510 |
| *Premium Organic projected prices are only offered for the yield-based plans of insurance. | |||
Dry Peas (Spring Types) Montana, North Dakota, and South Dakota
| Type and Organic Practice* (not all types may be available in all states) | Projected Price ($ / pound) | Volatility Factor | CAT Price (Yield Production Only) ($ / pound) |
| Smooth Green/Yellow | $0.17 | 0.23 | $0.0935 |
| Smooth Green/Yellow organic | $0.21 | N/A | $0.1155 |
| Lentils | $0.26 | 0.23 | $0.1430 |
| Lentils organic | $0.32 | N/A | $0.1760 |
| Small Kabuli Chickpeas | $0.26 | 0.23 | $0.1430 |
| Small Kabuli Chickpeas organic | $0.33 | N/A | $0.1815 |
| Large Kabuli Chickpeas | $0.31 | 0.23 | $0.1705 |
| Large Kabuli Chickpeas organic | $0.40 | N/A | $0.2200 |
| * Premium organic projected prices are only offered for the yield-based plans of insurance. | |||
Dry Peas (Spring Types) Idaho and Washington
| Type and Organic Practice* (not all types may be available in all states) | Projected Price ($ / pound) | Volatility Factor | CAT Price (Yield Production Only) ($ / pound) |
| Smooth Green/Yellow | $0.19 | 0.23 | $0.1045 |
| Smooth Green/Yellow organic | $0.23 | N/A | $0.1265 |
| Lentils | $0.335 | 0.23 | $0.1843 |
| Lentils organic | $0.335 | N/A | $0.1843 |
| Small Kabuli Chickpeas | $0.28 | 0.23 | $0.1540 |
| Small Kabuli Chickpeas organic | $0.33 | N/A | $0.1815 |
| Large Kabuli Chickpeas | $0.34 | 0.23 | $0.1870 |
| Large Kabuli Chickpeas organic | $0.40 | N/A | $0.2200 |
| * Premium organic projected prices are only offered for the yield-based plans of insurance. | |||
Additional Projected Prices:
Dry Beans – Minnesota and North Dakota
| Type and Organic Practice (not all types may be available in all states) | Additional Projected Price ($ / pound) | 11/30/2021 Projected Price ($ / pound) | Updated CAT Price (Yield Protection Only) ($ / pound) |
| Cranberry | $0.49 | $0.40 | $0.2695 |
| Cranberry Organic | $0.98 | $0.80 | $0.5390 |
| Great Northern | $0.31 | $0.28 | $0.1705 |
| Great Northern Organic | $0.62 | $0.56 | $0.3410 |
| Light Red Kidney | $0.44 | $0.40 | $0.2420 |
| Light Red Kidney Organic | $0.88 | $0.80 | $0.4840 |
| Pink | $0.39 | $0.34 | $0.2145 |
| Pink Organic | $0.78 | $0.68 | $0.4290 |
| Small Red | $0.38 | $0.35 | $0.2090 |
| Small Red Organic | $0.76 | $0.70 | $0.4180 |
| White Kidney | $0.49 | $0.40 | $0.2695 |
| White Kidney Organic | $0.98 | $0.80 | $0.5390 |
| Tebo | $0.31 | $0.28 | $0.1705 |
| Tebo Organic | $0.62 | $0.56 | $0.3410 |
Dry Beans – Colorado, Nebraska, and Wyoming
| Type and Organic Practice (not all types may be available in all states) | Additional Projected Price ($ / pound) | 11/30/2021 Projected Price ($ / pound) | Updated CAT Price (Yield Production Only) ($ / pound) |
| Black | $0.40 | $0.34 | $0.2200 |
| Black Organic | $0.80 | $0.68 | $0.4400 |
| Dark Red Kidney | $0.44 | $0.40 | $0.2420 |
| Dark Red Kidney Organic | $0.88 | $0.80 | $0.4840 |
| Great Northern | $0.31 | $0.28 | $0.1705 |
| Great Northern Organic | $0.62 | $0.56 | $0.3410 |
| Light Red Kidney | $0.46 | $0.40 | $0.2530 |
| Light Red Kidney Organic | $0.92 | $0.80 | $0.5060 |
| Pea | $0.40 | $0.33 | $0.2200 |
| Pea Organic | $0.80 | $0.66 | $0.4400 |
| Pink | $0.40 | $0.34 | $0.2200 |
| Pink Organic | $0.80 | $0.68 | $0.4400 |
| Flat Small White | $0.40 | $0.33 | $0.2200 |
| Flat Small White Organic | $0.80 | $0.66 | $0.4400 |
| Small Red | $0.41 | $0.35 | $0.2255 |
| Small Red Organic | $0.82 | $0.70 | $0.4510 |
| Small White | $0.40 | $0.33 | $0.2200 |
| Small White Organic | $0.80 | $0.66 | $0.4400 |
| Yellow | $0.41 | $0.37 | $0.2255 |
| Yellow Organic | $0.82 | $0.74 | $0.4510 |
| Anasazi | $0.52 | $0.50 | $0.2860 |
| Anasazi Organic | $1.04 | $1.00 | $0.5720 |
Dry Beans – Michigan
| Type and Organic Practice | Additional Projected Price ($ / pound) | 11/30/2021 Projected Price ($ / pound) | Updated CAT Price (Yield Production Only) ($ / pound) |
| Cranberry | $0.49 | $0.40 | $0.2695 |
| Cranberry Organic | $0.98 | $0.80 | $0.5390 |
| Dark Red Kidney | $0.44 | $0.40 | $0.2420 |
| Dark Red Kidney Organic | $0.88 | $0.80 | $0.4840 |
| Great Northern | $0.31 | $0.28 | $0.1705 |
| Great Northern Organic | $0.62 | $0.56 | $0.3410 |
| Light Red Kidney | $0.46 | $0.40 | $0.2530 |
| Light Red Kidney Organic | $0.92 | $0.80 | $0.5060 |
| Pink | $0.40 | $0.34 | $0.2200 |
| Pink Organic | $0.80 | $0.68 | $0.4400 |
| Pinto | $0.38 | $0.32 | $0.2090 |
| Pinto Organic | $0.76 | $0.64 | $0.4180 |
| Small White | $0.40 | $0.33 | $0.2200 |
| Small White Organic | $0.80 | $0.66 | $0.4400 |
| Yelloweye | $0.45 | $0.39 | $0.2475 |
| Yelloweye Organic | $0.90 | $0.78 | $0.4950 |
| White Kidney | $0.50 | $0.40 | $0.2750 |
| White Kidney Organic | $1.00 | $0.80 | $0.5500 |
| Adzuki | $0.41 | $0.35 | $0.2255 |
| Adzuki Organic | $0.82 | $0.70 | $0.4510 |
| Tebo | $0.31 | $0.28 | $0.1705 |
| Tebo Organic | $0.62 | $0.56 | $0.3410 |
Dry Peas (Spring Types) Montana, North Dakota, and South Dakota
| Type and Organic Practice (not all types may be available in all states) | Additional Projected Price ($ / pound) | 11/30/2021 Projected Price ($ / pound) | Updated CAT Price (Yield Production Only) ($ / pound) |
| Austrian and Forage Peas | $0.23 | $0.20 | $0.1265 |
| Austrian and Forage Peas organic | $0.35 | $0.30 | $0.1925 |
| Desi Chickpeas | $0.32 | $0.16 | $0.1760 |
| Desi Chickpeas organic | $0.64 | $0.32 | $0.3520 |
| Marrowfat Peas | $0.22 | $0.15 | $0.1210 |
| Marrowfat Peas organic | $0.33 | $0.22 | $0.1815 |
| Fava Beans | $0.21 | $0.12 | $0.1155 |