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.
Time frame: Mid-April 2015 to Summer 2015
Producers sign contracts to participate in ARC/PLC for 2014 and 2015 crop years.
The 2015 projected spring prices were set in the month of February with December 2015 corn futures and November 2015 soybean futures. The corn projected price is set at $4.15 and the soybeans projected price is $9.73. For those on a revenue protection plan, the 2015 harvest prices will be determined the month of October, again, using December 2015 corn futures and November 2015 soybean futures. http://prodwebnlb.rma.usda.gov/apps/PriceDiscovery/GetPrices/YourPrice
In the News:
Windbreaks Can Increase Crop Yield by Gary Wyatt, University of Minnesota Extension educator, April 30, 2015 Recent land values, farm innovations and management such as adoption of no-till, minimum till, use of wide farm equipment, and windbreak plantings that are just getting old, have led to many windbreaks being removed.
Monsanto Reportedly Approaching Syngenta About Takeover by Rich Keller, Editor, Ag Professional,May 01, 2015 In a news report released Friday, April 30, Bloomberg reporters said the companies had been in discussion recently, which could be seen as follow up to preliminary talks that occurred between the two companies in 2014. Weekly Fertilizer Review by Bryce Knorr, Farm Futures, March 24, 2015 Fertilizer prices firm despite crop collapse. United States Drought Monitor The U.S. Drought Monitor is jointly produced by the National Drought Mitigation Center at the University of Nebraska-Lincoln, the United States Department of Agriculture, and the National Oceanic and Atmospheric Administration. Map courtesy of NDMC-UNL.A weekly map of drought conditions.
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.