Last week’s USDA NASS (National Agricultural Statistics Service) confirmed what had been suspected since long before harvest.  The North American dry bean crop is at its lowest level in decades. Poor weather was responsible.  Mexico suffered a drought that will cut production nearly in half, while a wet spring up through the Red River valley curtailed US and Manitoba acres. Poor weather and lack lustre pricing in Ontario saw growers cut acres back.  North America may become a net importer of beans as prices will likely remain firm into Spring.  The question most asked now is: “Can or will the prices shown to North American producers compete and draw acres from the traditional crops?”
Those interested in statistics click here and scroll to page 59

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