USDA Has Expanded Margin Protection for Corn and Soybeans!

The U.S. Department of Agriculture (USDA) is expanding its Margin Protection insurance plan and adding more than a thousand counties to the insurance option that provides coverage against an unexpected decrease in operating margin for corn and soybean producers. This expansion is in direct response to growing interest among producers and will be available by June 30, 2023. Interested producers will need to purchase their coverage by Sept. 30, 2023, to be eligible for the 2024 crop year.

“Increasing the availability of a program is sometimes the best way we can improve upon an effective program and serve our farmers with more risk management resources,” said Marcia Bunger, Administrator for the Risk Management Agency (RMA). “This expansion of Margin Protection will provide a viable insurance option for so many more farmers across the country, giving them greater protection possibilities, and helping us continue our commitment of increasing the availability and effectiveness of Federal crop insurance as a risk management tool.”

Crop insurance is sold and delivered solely through private crop insurance agents. We are pleased to be able to provide this coverage to our current and prospective Clients. Please Contact Us to discuss Crop Insurance with one of our agents.

To read more about this expansion, click here.