Since USDA’s Risk Management Agency introduced Margin Protection Insurance in 2016, few have taken advantage of the unique benefits the protection offers. Margin Protection Insurance protects against declines in operating margins and includes both revenue and input cost components for next year’s crop. With the current economic outlook, experts agree the protection seems particularly advantageous, including Iowa State University Farm Management Specialist Steve Johnson. Read more on Margin Protection Insurance insights here.
With a lot of moving parts, farmers may have questions leading up to the September 30 purchase deadline. Our Margin Protection Insurance resources and a trusted ProAg crop insurance agent can help you determine if coverage is a good fit for your farm.