PRODUCT MANAGEMENT BULLETIN: PM18-032




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

Date

June 25, 2018

To:

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

From:

Richard H. Flournoy, Deputy Administrator /s/ Richard H. Flournoy    6/25/2018

Subject:

Margin Protection Plan of Insurance - Modifications Effective for 2019 and Succeeding Crop Years
Background

The Risk Management Agency (RMA) has revised the Margin Protection Plan of Insurance for the 2019 crop year, as follows:

  • Clarified that the base policy must be at an additional level of coverage;
  • Clarified that the High-Risk Coverage Endorsement and Catastrophic Risk Protection Endorsement are allowed on the base policy, but those acres cannot be covered under MP;
  • Modified the termination date for Corn, Soybeans, and Wheat;
  • Clarified production reporting requirements when Margin Protection is purchased as a standalone policy versus with an underlying base policy; and
  • Included minor corrections and clarifications.
Action

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

Margin Protection Plan Provisions (19-MP)

Margin Price Provisions Section I: General Information (19-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

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

DISPOSAL DATE: December 31, 2018
USDA is an Equal Opportunity Employer and Provider