Margin Protection (MP)
Margin Protection (MP) is an area based plan of insurance using county-level estimates of representative expected revenue and input costs to establish coverage and determine indemnity payments. MP protects against decreases in margin caused by reduced county yields, reduced commodity prices, increased prices of selected inputs, or any combination of these perils.
The plan provides coverage that is based on an expected margin, which is the expected area revenue minus the expected area operating costs, for each applicable crop, type and practice. MP is area based coverage and may not necessarily reflect a producer’s individual experience. The margin protection plan can be purchased by itself, or in conjunction with Yield Protection or Revenue Protection policy.
MP for Corn, Rice, Soybeans and Wheat
A producer may choose coverage from 70 percent to 95 percent of their expected margin. A higher level of coverage will have a higher premium rate. The catastrophic (CAT) level of coverage is not available under this policy.
MP coverage is available for:
Rice in select Arkansas, California, Louisiana, Mississippi, Missouri and Texas counties.
Spring Wheat in select Minnesota, Montana, North Dakota and South Dakota counties.
Corn and Soybeans in select Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota, and Wisconsin counties.