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Margin Protection Crop Insurance Changes

Posted July 17, 2023
in Top Ag News, ProAg News, and Crop Insurance

As outlined in Product Management Bulletin: PM-23-037, The FCIC approved the expansion of the Margin Protection (MP) crop insurance program, under section 508(h) of the Federal Crop Insurance Act, on November 17, 2022.

The MP Provisions have also been revised to clarify that a producer with an MP policy cannot transfer their base policy to another insurance provider or cancel their base policy to obtain insurance from another insurance provider.

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