The USDA’s is expanding its pilot Margin Protection Plan of Insurance to help protect farmers against unexpected decreases in operating margins.
The program is offered through the federal crop insurance program and provides margin protection for corn, wheat, rice, and soybeans. Beginning in 2018 it will be available in 11 more states (Illinois, Indiana, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota, and Wisconsin) and has updates designed to better clarify input costs.
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