The US Department of Agriculture (USDA) Risk Management Agency (RMA) has announced this month that it is introducing a new marginal coverage as a new marginal coverage for maize, cotton, grain pigs, rice, soybeans and springs wheat in selected states for 2026 and crop years.
According to the USDA Fact Sheet, MCO provides farmers with area -based coverage against unexpected decline in operating margins.
The MCO provides a band of coverage from 86 % or 90 % to 90 % or 95 % of the expected crop value. The MCO payment begins when the area margin comes down to 90 or 95 % of the expected margin, depending on which MCO trigger has been chosen.
The USDA’s fact sheet states that when the final county production is available, any compensation will be paid, following the spring of the year, the USDA’s fact sheet is said.
MCO will be available for six crops: corn, soybeans, cotton, grain jurm, rice, and spring wheat. In the cover of this MCO pilot this area will be selected in the following states:
- Corn and soybean: Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota and Wisconsin.
- Cotton and grain tide: Kansas, Oklahoma and Texas.
- Rice: Arkansas, California, Louisiana, Mississippi, Missouri and Texas.
- Spring’s wheat: Adho, Minnesota, Montana, North Dakota, Oregon, South Dakota and Washington.
The expiry date of sales for corn, cotton, grain, soybeans and skiing wheat is September 30. The history of rice sales is different in terms of state.
Harvest insurance is only sold and sold by private crop insurance agents. A list of crop insurance agents is available online on an RMA agent locator.
Source: USDA
Titles
Agricultural business
Was this article valuable?
These are more articles you can enjoy.
Is interested Agricultural business?
Get automatic warnings for this title.
