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Breakout Sessions
status quo.
• Contract Features:
1. Conservation Practices
2 … Income
An exercise
Contract Features
1. Conservation Practices:
Continuous No‐Till … Incentive Program
Contract Features
Carbon Credit Payment through …
June 1, 2016
KFMA Newsletters
Research”. Each newsletter will feature new publications that are … fall and spring of 2015 and featured a supplemental
form which …
June 1, 2015
KFMA Newsletters
agricultural economy. Featured economist are KFMA administrator … Research”.
Each newsletter will feature new publications that are …
November 1, 2008
KFMA Newsletters
Against Social
Security
A key feature of Social Security is that … recipient.
Another demographic feature of the United
States challenging …
August 20, 2025
Ag Law Issues
newborns. They have some unique
features and are only good for a short … contributions. A unique feature of a Trump Account is that …
October 2, 2017
2017 Crop Insurance Workshop Presentations
Replant costs (with approval)
4
What are the features of WFRP?
• Coverage levels 50‐85%
– … Any indemnities from these policies will count as revenue earned under WFRP
6
What are the features of WFRP?
• All farm revenue is insured together under one policy– … Farms with 1 commodity receive basic premium subsidy
7
What are the features of WFRP?
WFRP Premium Subsidy
8
WFRP …
August 30, 2017
Crop Insurance Papers
1
Margin Protection Crop Insurance Coverage Comes to Kansas
Monte Vandeveer (montev@ksu.edu)
Kansas State University Department of Agricultural Economics ‐ August 2017
A new form of crop insurance coverage is coming to Kansas for the 2018 corn and soybean crops.
USDA’s Risk Management Agency approved an expansion of the Margin Protection plan of coverage for
several additional states, including Kansas. The “margin” being protected here is defined as crop
revenue minus operating costs. This means that MP intends to protect against not only a decline in
crop price or yield (same as current revenue coverage), but also from an increase in operating costs.
MP coverage is a pilot program that was first available in 2016 for corn and soybeans in Iowa, for
spring wheat in the northern Plains, and for rice in the Mississippi valley and Gulf Coast areas, plus a
few counties in California.
MP coverage is an area‐based plan which uses county‐level estimates of yields and input use to
calculate expected crop revenue, operating costs, and the resulting margin. It does not use individual
farm yields or input usage. While it intends to reflect the general experience of most producers in a
county, it may not exactly match the results of any particular individual.
Margin Protection insurance coverage for corn and soybeans actually begins in the fall prior to planting
the following spring. Specifically, the Projected Price Discovery Period for both crops and inputs runs
from August 15 to September 14, with the Sales Closing Date coming on September 30. Once the price
discovery period concludes on September 14, expected revenue, costs, and margin can be determined.
MP works by calculating an expected margin (= expected county yield x projected price – expected
costs) at sign‐up time and then calculating a “trigger margin” by subtracting a margin deductible from
the expected margin. A margin loss occurs when the harvest margin (= harvest price x final county
yield – harvest costs) falls below the trigger margin.
Margin Protection coverage ranges from 70% to 95% of the expected margin – or said another way,
deductibles go from 30% to 5%. These low deductibles are another feature of MP coverage which may
appeal to some producers. The deductible is calculated by multiplying the expected revenue by the
deductible percentage, and that amount is subtracted from the expected margin to get the trigger
margin.
For example, with an expected corn yield of 130 bushels per acre and an expected corn price of $4.00
per bushel, expected revenue is $4.00/bu x 130 bu/a = $520/a. Using the 95% coverage level, the
deductible is $520/a x 5% = $26/a. Assuming expected costs of $280/acre, the expected margin per
acre is $520 ‐ $280 = $240. Subtract the $26 deductible to get the trigger margin: $240 ‐ $26 = $214
per acre. An indemnity payment is made when the harvest margin falls below this trigger level.
Kansas State University Department Of Agricultural Economics Extension Publication …
November 18, 2019
Leasing Papers
and Presentations
prices
Revenue
Combines good features of other types of leases
Region …
June 1, 2009
KFMA Newsletters
This
year’s conference features twenty breakout
sessions … marketing, and policy issues, and
features more livestock topics than … the
general session will feature Dr. James Mintert
who will …
October 15, 2018
KFMA Newsletters
The following research articles can be found on the KFMA webpage (http://www.agmanager.info/kfma/research‐
articles). Each newsletter will feature new publications that are available.
Monthly …