PRODUCT MANAGEMENT BULLETIN: PM16-025




1400 Independence Avenue, SW
Stop 0801
Washington, DC  20250-0801

Date

May 03, 2016

To:

All Approved Insurance Providers
All Risk Management Agency Field Offices
All Other Interested Parties

From:

Thomas W. Worth, Acting Deputy Administrator /s/ Thomas W. Worth    5/3/2016

Subject:

Margin Protection Plan of Insurance - Modifications Effective for 2017 and Succeeding Crop Years
Background
The Federal Crop Insurance Corporation Board of Directors (FCIC Board) approved the Margin Protection (MP) Plan of Insurance for corn, wheat, rice and soybeans on June 24, 2014, a privately developed product submitted under section 508(h) of the Federal Crop Insurance Act. For the 2017 crop year, minor changes and technical corrections have been made to the Margin Protection (MP) plan of Insurance.
Action

The following materials will be available by close of business today on the Risk Management Agency Web site at http://www.rma.usda.gov/policies/mp/index.html.

  • Margin Protection Plan Provisions (17-MP)
    • Corn Crop Provisions (17-MP-41)
    • Rice Crop Provisions (17-MP-018)
    • Soybeans Crop Provisions (17-MP-081)
    • Wheat Crop Provisions (17-MP-011)
  • Margin Price Provisions Section I: General Information (17-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
  • Summary of Changes

If you have any questions, please contact Bill Bing or Michael Ciliege, Product Administration and Standards Division at (816) 926-7730.

 

DISPOSAL DATE:
December 31, 2016

USDA is an Equal Opportunity Employer and Provider