Margin Protection (MP)
Provides you coverage against an unexpected decrease in your operating margin (revenue less input costs). MP is area-based, using county-level estimates of average revenue and input costs to establish the amount of coverage and indemnity payments. To the extent that the average margin for a county is lower than expected, due to a decrease in revenue and/or an increase in input costs, MP will cover a portion of that shortfall. MP can be purchased by itself or in conjunction with a YP or RP policy.
Coverage Level: From 70%-95%, in 5% increments, of the expected margin with protection factors from 80% to 120%. CAT is not available.
Availability:
- Corn: 48 contiguous states
- Rice: Arkansas, California, Louisiana, Mississippi, Missouri and Texas
- Soybeans: Alabama, Arkansas, Colorado, Delaware, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maryland, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, New Jersey, New York, North Carolina, North Dakota, Ohio, Oklahoma, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, Vermont, Virginia, West Virginia, and Wisconsin
- Spring Wheat: Minnesota, Montana, North Dakota and South Dakota
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