Margin Protection (MP)

Margin Protection is a coverage option that provides producers with coverage against an unexpected decrease in their operating margin. 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 price discovery periods for MP corn, soybeans, and wheat begins August 15th. The first price discovery period for rice begins December 15th.

MP is offered either as a stand-alone policy or in conjunction with an individual buy up base policy. If a grower chooses to purchase both MP and Yield Protection or Revenue Protection policy, the premium for MP will be reduced. The amount of the reduction cannot be known definitively until all information needed to establish liability under the base policy is known. The premium display is the maximum amount of premium per acre that could be owed for MP given the estimated market values and assuming no individual policy is purchased.

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The information contained herein is not an offer to sell insurance.  No binder, insurance policy, change, addition, and/or deletion to insurance coverage will be effective unless and until confirmed directly with a licensed agent.  Please note any proposal of insurance we may present to you will be based upon the values developed and exposures to loss disclosed to us by you.  All coverages are subject to the terms, conditions and exclusions of the actual policy issued. Not all policies or coverages may be available in every state.
Although care has been taken to assure the accuracy, completeness and reliability of the information contained herein, Silveus Insurance Group Inc. makes no warranty, express or implied, including warranties of merchantability and fitness for a particular purpose, or assumes any legal liability or responsibility for the accuracy, completeness, reliability or usefulness of any information, product, service or process disclosed. Clients should consult with their licensed insurance agent as to how the information, products, services or processes described may pertain to their individual situation. IN NO EVENT SHALL SILVEUS INSURANCE GROUP, INC. BE LIABLE FOR ANY DIRECT, INDIRECT, SPECIAL OR INCIDENTAL DAMAGE RESULTING FROM, ARISING OUT OF OR IN CONNECTION WITH THE USE OF THE INFORMATION CONTAINED HEREIN.