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September 1, 2005
LRP Insurance
Extension
Presented at K-State Risk Management Workshops
Winter 2005
What …
Breakout Sessions
agribusiness and cooperative management and macroeconomic implications …
September 26, 2013
Alternative or more active management
– X% savings worth …
June 4, 2013
Agribusiness Papers
a major component of risk management
for both the farmer and …
August 1, 2017
Breakout Sessions
bioenergy impacts and risk
management strategies, b) grain industry …
September 14, 2017
Crop Insurance Papers
1
Margin Protection: Crop Insurance Premiums and Credits
Monte Vandeveer (montev@ksu.edu)
Kansas State University Department of Agricultural Economics ‐ September 2017
A recent article here on AgManager.info discussed the basic operations of Margin Protection, a new
form of crop insurance coverage coming to Kansas for the 2018 corn and soybean crops. This article
takes a brief look at expected premium costs for Margin Protection, including the credits allowed for
also purchasing a traditional Revenue Protection (RP) or Yield Protection (YP) policy.
To review, Margin Protection, or MP, protects against an unexpected decline in “margin,” defined here
as crop revenue minus operating costs. So MP not only protects against a decline in crop price or yield
(as does the traditional RP coverage), but it also protects producers from an unexpected increase in
certain operating costs.
MP coverage does not use individual farm yields or producers’ own records of input costs. Instead, it is
an area‐based plan which uses county‐level estimates of yields and inputs used to calculate crop
revenue, operating costs, and the resulting margin. 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.
Producers should remember that they could experience a loss on their own farm and yet receive no
indemnity from MPR coverage.
MP coverage for 2018 corn and soybeans in Kansas actually begins in the fall of 2017. The Projected
Price discovery period for both crops and inputs runs from August 15 to September 14. The final or
Harvest Price discovery for the inputs diesel, urea, and diammonium phosphate then occurs in April
2018, and Harvest Prices for the crops and interest costs are determined over October 2018.
The Risk Management Agency has provided a wide range of resources on its website to explain MP
coverage. Links to fact sheets, policy documents, and other supporting information are available at
https://www.rma.usda.gov/policies/mp/.
In addition, growers can find more information at www.MarginProtection.com, including premium
quotes. Here, they can enter their location (county), insured crop, and other details to obtain the
latest premium estimates. After the end of the Projected Price discovery period on September 14, the
website quotes will be actual premium amounts, not just estimates.
Margin Protection can be combined with the traditional RP or YP coverage used by most corn and
soybean growers in Kansas. The RP or YP policy bought next spring is referred to as the “base policy” in
this arrangement. Purchase of a base policy will result in a premium credit for MP coverage, to reflect
the situation that an indemnity from the base policy will offset a portion of the indemnity from the MP
policy. The amount of premium credit is based on the expected reduction in MP indemnities that
instead will be paid under the base policy, which will be determined when all information needed to
Kansas State University Department Of Agricultural Economics Extension Publication …
September 3, 2017
Section 5: Long-Range Planning (FINLRB)
1‐800‐MEDICARE or 1‐800‐633‐4227
Social Security Publications
05‐10540How to Create an Online Account
05‐10072How You Earn Credits
05‐10024Understanding the Benefits
05‐10035Retirement Benefits
05‐10029Disability Benefits
05‐10084Understanding Survivor's Benefits
05‐10147When to Start Receive Retirement Benefits
05‐10529Retirement Info. for Medicare Beneficiaries
05‐10043Medicare
05‐10127What Every Woman Should Know
Debra Wood, MS, CFP®
Family Resource Management Agent
K‐State Research & Extension – …
October 2, 2017
2017 Crop Insurance Workshop Presentations
have the financial means to manage risk without a safety net.
• …
August 1, 2018
Breakout Sessions
contributions –active labor and management
Grassley amendment to tighten …
August 1, 2018
Breakout Sessions
information relevant to best management practices for optimizing …