Date
To
All Approved Insurance Providers
All Risk Management Agency Field Offices
All Other Interested Parties
All Risk Management Agency Field Offices
All Other Interested Parties
From
Richard H. Flournoy, Deputy Administrator /s/ Richard H. Flournoy
Subject
Margin Protection Plan of Insurance - Modifications Effective for 2019 and Succeeding Crop Years
Background
The Risk Management Agency (RMA) has revised the Margin Protection Plan of Insurance for the 2019 crop year, as follows:
- Clarified that the base policy must be at an additional level of coverage;
- Clarified that the High-Risk Coverage Endorsement and Catastrophic Risk Protection Endorsement are allowed on the base policy, but those acres cannot be covered under MP;
- Modified the termination date for Corn, Soybeans, and Wheat;
- Clarified production reporting requirements when Margin Protection is purchased as a standalone policy versus with an underlying base policy; and
- Included minor corrections and clarifications.
Action
The following materials will be available by close of business today on the Risk Management Agency Web site at www.rma.usda.gov/policy-procedure/general-policies/margin-protection.
Margin Protection Plan Provisions (19-MP)
Margin Price Provisions Section I: General Information (19-MPP)
Margin Price Provisions Section II Commodity Price Definitions and Section III Commodity Input Definitions: Crop-Specific
- Corn
- Rice
- Soybeans
- Wheat
Margin Protection Plan Insurance Standards Handbook
If you have any questions, please contact Michael Ciliege or Cody Lovercamp, Product Administration and Standards Division at (816) 926-7730.
DISPOSAL DATE:
December 31, 2018