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Multi Peril Insurance
This is the old standby of risk management; it has been used in various forms since the 1930s. MPCI allows producers to have a guarantee in units of weight (i.e. bushels, tons, etc.) at a pre-selected price. The guarantee is based on the producers’ actual records. The USDA sets the maximum price guarantee approximately three to six months prior to planting. Note: MPCI does not guarantee price, only bushels. In general CropRisk does not usually recommend MPCI for a total risk management program.
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