Crop Insurance 101: Margin Protection Basics
Already thinking about the 2025 crop? Consider Margin Protection coverage to protect against decreases in operating revenue. Chelsea Heatherington at Kingsgate Insurance discusses the basics of Margin Protection with guest Adam Powers in the video below.
Pros:
Higher coverage levels and protection factors
Subsidy support
Protection against margin decline
Earlier price discovery period
Cons:
September 30 sales closing date
Additional premiums and administrative fees
Inability to consider individual farm revenues and input costs
To learn more about the insurance products available for farm risk management, reach out to Chelsea Heatherington at Kingsgate Insurance.
Chelsea Heatherington, Farm & Ag Specialist
Call or Text: 515-302-8400
Email: chelsea@kingsgateins.com
Leave a Reply
Want to join the discussion?Feel free to contribute!