MPowerD™ expands the producer’s opportunity to establish the highest possible minimum margin.
Protecting Farm Wealth
MPowerD allows the policyholder to complement the risk coverage of Margin Protection through additional crop price discovery methods starting in April the year before the crop is planted through August just before harvest. The Margin Protection Plan insures risks associated with yield, crop prices, and the prices of production inputs. MPowerD allows growers to customize the price discovery for crop prices to match their own marketing and risk management needs.
With MPowerD, a policyholder has the opportunity to actively manage the pricing portion of the expected county revenue in any or all of these ways:
- Select Additional Price Coverage by adding $0.05 – $0.25 to the Margin Protection Plan Projected Price
- Lock in yesterday’s market closing price with Market Price Option
- Use the settlement price average of additional months or half-months with Expanded Price Discovery Periods
The supplemental MPowerD policy supports locking in the minimum price at the previous day’s market settlement price, using the guaranteed additional price coverage and the election of additional price discovery periods. The highest of these becomes the baseline insurance value for the crop.
This program allows the policyholder to buy additional coverage after the initial purchase if the markets move higher.
The MPowerD policy works with the only the Margin Protection Plan of insurance policy. MPowerD offers coverage levels from 70% to 95% (in 5% increments) along with protection factors of 80% to 120% to match the underlying Margin Protection Plan elections.
MPowerD® provides coverage to pay a loss payment when the harvest margin is less than the MPowerD trigger, adjusted for any Margin Protection Plan (MPP) indemnity that may be due. Indemnities are calculated separately for each practice.
This product provides flexible coverage by practice, allowing the ability to insure irrigated and non-irrigated crops using separate coverage, MPowerD trigger, harvest margin, and loss payment for each insurable practice.
MPowerD is available for corn and soybeans (irrigated and non-irrigated) in the following states:
- North Dakota
- South Dakota
- Sales Closing Date | September 30
- Acreage Reporting Date | July 15
- Billing | October 1
With MPowerD, Take Less Risk and Make More Revenue
MPowerD gives a policyholder the power to:
- Lock out the down side of price risk.
- Take advantage of opportunities to cover costs of production.
- Increase financial security and confidence to execute a grain marketing plan.
Contact Us for Complete Policy Details
Contact your trusted ProAg agent today for more information on MPowerD. See the policy provisions for a complete description of available coverage, terms and conditions.
Not all coverage or products may be available in all jurisdictions. The description of coverage in these pages is for informational purposes only. Actual coverage will vary based on the terms and conditions of the policy issued. The information described herein does not amend, or otherwise affect, the terms and conditions of any insurance policy issued by ProAg or any of its subsidiaries. MPowerD™ is a registered trademark of Watts and Associates, Inc.