Some buyer’s regret comes with writing a check for something you don’t use, but write the check you must, if you want to continue to have crop insurance.
A recent announcement by the Risk Management Agency could have some major implications to the crop insurance industry.
RMA released Manager’s Bulletin (MGR-12-014) that will likely change the way crop insurance (multiple peril crop insurance (MPCI), crop-hail, and other related supplementals) is currently marketed and the number and variety of private insurance products that will be offered farmers in 2013. A copy of the bulletin is available on RMA's website.
RMA defines and prohibits MPCI inducements