2018_06_29 NASS Planted Acreage Report

2018 U.S. ACTUALPLANTED ACREAGE 2C0o1p8yrightREPORTOn June 29, 2018 the National Agricultural wheat is up from last year, but 2018 acreage Statistics Services (NASS) published their represents the second-lowest wheat acreageactual planting acreage report for 2018. in the U.S. since 1919. For pulses, this report probably isn’t a spoiler alert. Chickpeas areIn April we published NASS’s projected still up, but not up as much as projected.plantings, which prophesized that U.S.chickpea acreage would rise, while dry pea, Due to India’s tariffs announced in late fall/dry bean, and lentil acreage would drop. early spring, it seems many growers decidedThe USADPLC’s analysis of grower surveys to take a conservative approach to plantingconfirmed this, although the industry pulses. Chickpea acreage did indeed rise,projection differed from NASS in some of the while dry peas and lentils declined. Pulseprojected numbers. Since several factors crops are generally looking pretty good in latecan change a grower’s mind between the June, and now, thoughts are lingering on howtime they disclose to NASS the crops they are this will all play out at harvest – will chickpeaplanning on planting and what actually gets prices decline and will demand for dry peasplanted in the fields, planted acreage reports and lentils go up if India’s harvest isn’t asissued by NASS are always a matter of interest. productive as they would hope. Only time will tell, but read on for U.S. planted acreageRegarding pulse acreage, NASS reports only data and a forecast of pulse production.slight differences from their projected acreagereport released in April. In contrast,

2C0o1p8yright 2018 U.S. PLANTED ACREAGE REPORTCHICKPEASActual Chickpea acreage reported in the U.S. came very close to the NASS projected acreage in April, with afinal tally of 662,300 acres. That’s only 2,200 acres short of the projection, but an increase of 7% over last year.TOTAL CP 2016 2017 2018 PROJ 2018 ACTUAL % UP/DOWNCalifornia 10,200 13,700 15,000 15,000 9⬆Idaho 92,000 117,000 115,000 ⬇-4Montana 99,000 269,000 308,000 112,000Nebraska 5,000 301,000 12⬆North Dakota (D) (D) 47,000Washington 13,200 43,800 175,000 5,000 NAOther States 108,000 167,000 5,000 47,000 7⬆U.S. 2,900 8,300 670,000 180,000 8⬆ 325,300 618,800 2,300 ⬇-72 662,300 7⬆✶ Source: USDA/NASS TOTAL CHICKPEAS 2017 2018 % Change✿ Source: FAS/GATS U.S. Production (MT) 313,209 432,191 38⬆★ Source: USADPLC EstimatesNOTE: Other States chickpea acreage is down 72%, but only because NASS reported Nebraska separately forthe first time in this report. Nebraska was included in the Other States category for the projected acreagereport. There were more chickpeas planted in Other States than projected, but still a slight decline from 2017.Note that in both small and large chickpea numbers, Nebraska is included in the Other States category.SMALL CHICKPEASSmall chickpea acreage for 2018 increased to 205,000 acres, up 14% compared to 179,500 last year. WashingtonState shows a 54% increase in small chickpeas, and increased 10,000 more acres than projected.SMALL CP 2016 2017 2018 PROJ 2018 ACTUAL %UP/DOWNIdaho 39,000 46,000 40,000 49,000 7⬆North Dakota 13,200 12,000 12,000 ⬇-9Washington 3,800 52,000 70,000 80,000 54⬆Other States 29,000 68,300 63,500 64,000 ⬇-6U.S. 42,000 179,500 185,500 205,000 14⬆ 113,800SMALL CHICKPEAS 2017 2018 % Up/DownU.S. Production (MT) 88,905 131,550 48⬆Page 2 of 6 Data published June 29, 2018

2C0o1p8yright 2018 U.S. PLANTED CONTINUED ACREAGE REPORTLARGE CHICKPEASLarge kabuli chickpea acreage increased a bit from 439,300 to 457,300 acres, an increase of 4%. The ratio ofsmall to large chickpeas planted was an actual inversion of planting intentions reported in April.LARGE CP 2016 2017 2018 PROJ 2018 ACTUAL %UP/DOWN 13,700 9⬆California 10,200 71,000 15,000 15,000 30,600 ⬇-11Idaho 53,000 115,000 75,000 63,000 14⬆ 209,000 ⬇-13North Dakota 9,400 439,300 35,000 35,000 17⬆Washington 79,000 105,000 100,000 4⬆Other States 59,900 249,500 244,300U.S . 211,500 479,500 457,300*Montana is included in “Other States”✶ Source: USDA/NASS LARGE CHICKPEAS 2017 2018 % Change✿ Source: FAS/GATS U.S. Production (MT) 224,304 300,641 34⬆★ Source: USADPLC EstimatesPULSE PRODUCTION TABLESAll pulse production forecasts use a 10-year average across all major growing regions. So, this isthe NASS best guess at harvested acres multiplied by the USADPLC best guess at yield.U.S. PLANTED ACREAGE & FORECAST PRODUCTION SUMMARY 2018 NASS Dry Pea AWP Lentils Chickpea 662,300 Acres Planted 881,000 14,500 789,000 432,191 Production (MT) 649,900 8,127 398,759Data published June 29, 2018 Page 3 of 6

C20o1p8yright ✶ Source: USDA/NASS 2018✿ Source: FAS/GATS U.S. PLANTED ACREAGE REPORT★ Source: USADPLC EstimatesDRY PEAS (GREEN & YELLOW)Actual pea acreage declined a significant amount this year by 22%,a slightly greater decline from projected numbers. Last year U.S.producers planted 1,104,000 acres of peas while this year producersplanted 881,000 acres. Planted acreage is down in all states exceptfor Oregon and Nebraska. NASS provides no breakdown of greenversus yellow peas.Dry Pea 2016 2017 2018 PROJ 2018 ACTUAL %UP/DOWNIdaho 30,000 14,000 13,000 ⬇-21Montana 610,000 525,000 390,000 11,000North Dakota 560,000 425,000 360,000Washington 90,000 61,000 56,000 415,000 ⬇-21Other States 93,000 103,000 89,000U.S. 1,383,000 1,128,000 908,000 300,000 ⬇-29 52,000 ⬇-15 103,000 No Change 881,000 ⬇-22✶ Source: USDA/NASS DRY PEAS 2017 2018 % Change✿ Source: FAS/GATS U.S. Production (MT) 643,065 649,900 1⬆★ Source: USADPLC EstimatesAUSTRIAN WINTER PEASAWP planted acreage in the U.S. is down 45% of 2017, the lowest AWP acreage reported since 2000. Declinesin AWP acreage in Idaho and Washington account for the significant decline this year.AWP 2016 2017 2018 PROJ 2018 ACTUAL %UP/DOWNIdaho 17,000 4,000 2,000 ⬇-50Montana 15,000 20,000 15,000 2,000Oregon 5,000 2,500 2,000U.S. 37,000 26,500 19,000 10,000 ⬇-50 2,500 No Change 14,500 ⬇-45AWP 2017 2018 % ChangeU.S. Production (MT) 5,670 8,127 43⬆ DRY PEA & AWP COMBINED 2017 2018 % Change 658,028 2⬆ U.S. Production (MT) 648,735Page 4 of 6 Data published June 29, 2018

C20o1p8yright 2018 U.S. PLANTED ACREAGE REPORTLENTILSAll of the major growing states in the United States report a decline in lentil acreage, a total of 29% from2017 numbers. The greatest decline comes from North Dakota at -37% and Montana at -27%. Idaho andWashington actually grew more lentils than projected in April, but still report a decline of -11% and -16%respectively.Lentil 2016 2017 2018 PROJ 2018 ACTUAL %UP/DOWNIdaho 38,000 36,000 25,000 ⬇-11Montana 520,000 730,000 530,000 32,000North Dakota 305,000 270,000 180,000Washington 70,000 68,000 56,000 530,000 ⬇-27U.S. 933,000 1,104,000 791,000 170,000 ⬇-37 57,000 ⬇-16 789,000 ⬇-29✶ Source: USDA/NASS LENTILS 2017 2018 % Change✿ Source: FAS/GATS U.S. Production (MT) 339,381 398,759 18⬆★ Source: USADPLC EstimatesTOTAL USA PULSE ACREAGE & PRODUCTION SUMMARYPulses Acreage 2016 2017 2018 PROJ 2018 ACTUAL %UP/DOWN 325,300 618,800 665,000 662,300 7⬆Chickpeas 933,000 1,104,000 791,000 789,000 ⬇-29 1,383,000 1,128,000 908,000 881,000 ⬇-22Lentils 19,000 14,500 ⬇-45 37,000 26,500Dry Peas 1,336,700 1,473,200 1,366,000 1,171,700 ⬇-21 4,015,000 4,350,500 3,749,000 3,518,500 ⬇-19AWPDRY BEAN (ex. CP+)U.S.Pulses Production (MT) 2017 2018 ACTUAL % Change 38⬆Chickpeas 313,209 432,191Lentils 339,381 398,759 18⬆ 1⬆Dry Peas 643,065 649,900 43⬆AWP 5,670 8,127 ⬇-14DRY BEAN (ex. CP) 1,312,710 1,128,700U.S. 2,614,035 2,617,677 0.1⬆Data published June 29, 2018 Page 5 of 6

C20o1p8yright 2018 U.S. PLANTED ACREAGE REPORTDRY BEANSDry bean acreage, including chickpeas is down 12% of last year at 1.83 million acres. NASS reports that sevenof the 11 states reporting show a decrease in total dry bean planted acres. Extracting chickpeas, total drybean acreage is 1,167,700 acres, and a decline of 20% of last year’s acreage.North Dakota reported a drop of 24%, while Michigan reported a decline of 14%. Texas was the only state toincrease their bean production, from 22,000 acres to 30,000 acres, an increase of 36%.DRY BEAN ACREAGE (ex. CP) 2017 2018 % Up/DownUS TOTAL 1,473,200 1,171,700 ⬇-20CALIFORNIA 36,300 35,000 ⬇-4COLORADO 58,000 40,000 ⬇-31IDAHO 63,000 38,000 ⬇-40MICHIGAN 220,000 190,000 ⬇-14MINNESOTA 170,000 165,000 ⬇-3MONTANA 0 ⬇-100NEBRASKA 6,000NORTH DAKOTATEXAS 180,000 120,000 ⬇-33WASHINGTON 661,200 503,000 ⬇-24WYOMING 22,000 30,000 36⬆ 24,000 20,000 ⬇-17 41,000 31,700 ⬇-23 DRY BEAN Acreag+e (ex. CP) 2016 2017 2018 % Up/Down U.S. 1,171,700 ⬇-20 1,336,700 1,473,200✶ Source: USDA/NASS✿ Source: FAS/GATS★ SouUrSceA: DUSPALDCPCLCO ENstTimAaCtTes Tim McGreevy, CEO 2780 W. Pullman Rd, Moscow, Idaho 83843 208•882•3023 email: [email protected] 6 of 6 Data published June 29, 2018

C20o1p8yright2018 U.S. PLANTEDACREAGE REPORT 2018 SUMMARY OF CANADA PULSE ACREAGE (source: Statistics Canada)TOTAL CANADA PULSES ACREAGECanada Pulses Acreage 2016 2017 2018 % Up/Down 345⬆Chickpeas 160,000 135,000 468,900Lentils 5,900,000 4,407,681 3,767,100 ⬇-15Dry Peas 4,239,000 4,079,000 3,602,900 ⬇-12Dry Beans (excl. +CP) 280,000 348,100 300,800 ⬇-14CANADA TOTALS 10,579,000 8,969,781 8,139,700 ⬇-9CANADA CHICKPEASIf you planted chickpeas, you’re going to have some competition from our neighbors to the North.Canadian growers actually planted more chickpeas than projected from 346,200 to 468,900 acres,with the bulk of it in large Kabulis. That’s a 345% increase from 2017, while lentils, dry pea, and drybean acreage has dropped between 12-15%. CANADA DRY PEAS Canadian dry pea acreage dropped to 3,603,000 acres from a bit over 4 million last year. The number ended up being 7% below Stats Canada projections, about a 12% decline from last year. CANADA LENTIL ACREAGE Lentil acreage in Canada has declined as well to 3,767,100 acres, a decline of 15% from the 4,407,681 acres planted in 2017. This was a little less of a decline than projected. CANADA DRY BEAN ACREAGE Canada’s dry bean acreage has dropped as well, from 363,100 acres to 300,800 acres, a decline of 14% excluding chickpeas.Data published June 29, 2018 Page 7 of 6