Multiple Price Discovery Crop Insurance
Protect Your 2014 Marketing Decisions with Multiple Price Discovery
With market volatility so prevalant, adding AgStar's Multiple Price Discovery crop insurance to your risk management plan helps ease the uncertainty of input costs and market prices and ensures a profitable position in your operation.
Multiple Price Discovery (MPD) is a crop insurance add-on product for producers that carry revenue protection on a Federal Common Crop Insurance Policy (CCIP) for corn or soybeans. No need to wait for the February average price with the MPD policy. It allows you to lock in a higher base price with spring pricing in the fall - up to 3 or 4 months earlier than available on the Federal Crop Insurance revenue protection plan.
The multiple price discovery prices are determined during 2 pricing periods with one ending November 15 and the second ending December 15. The settlement prices use the highest average Chicago Board of Trade monthly price for the months of November, December, January or March.
- Multi-Peril Revenue Protection or Area Revenue Protection (ARP) coverage required.
- Premiums due same time as multi-peril premiums.
- Not available on corn insured as silage or high risk land. Some other exclusions may apply.
Find out more about Multiple Price Discovery Crop Insurance from your AgStar Specialist. Contact Us or call 1-866-577-1831. Find out more information on our other insurance offerings.