MPCI in all of its forms provides protection against crop yield loss by allowing policy holders to insure a chosen percentage of their Actual Production History (APH). Policies protect a variety of crops against all natural perils.
Crop-Hail products insure against the perils of hail, fire, lightning and transit. These products allow the grower added flexibility when it comes to protecting one's investment. Policies include various coverage levels and deductibles. Within the crop insurance field it has long been assumed that your MPCI covers your expenses and your Crop-Hail covers your profits.
Projected Spring Price:
The 2014 projected spring prices were set in the month of February with December 2014 corn futures and November 2014 soybean futures. The corn projected price is set at $4.62 and the soybeans projected price is $11.36. For those on a revenue protection plan, the 2014 harvest prices will be determined in October.
Money Saving Tip: Don't Skimp on Crop Insurance by Ed Clark, Top Producer Business & Issues Editor, February 27, 2014 (Ag Web) - We’ve gathered several experts to offer suggestions on trimming expenses in light of tighter margins in 2014.
US Farm Bill Holds Crop Insurance Coverage Steady for 2014 by Christine Stebbins, Reuters, February 19, 2014 (Ag Professional) - U.S. farmers and bankers have almost a year to get ready for major changes in 2015 as crop insurance rather than direct cash payments to producers becomes the centerpiece of farm policy under the five-year farm bill signed by President Barack Obama earlier this month.
Weekly Fertilizer Review by Bryce Knorr, Farm Futures, February 25, 2014 (Farm Futures) USDA Report doesn't shift fertilizer trends a lot yet.
Web Soil Survey (WSS) by USDA Natural Resources Conservation Service (NRCS) (USDA) Web Soil Survey (WSS) provides soil data and information produced by the National Cooperative Soil Survey.