2017 Crop Insurance with Nate Thorsrud

What is Price Select?

Price Select is a supplement to the Revenue Protection (RP) Multi-Peril Crop Insurance (MPCI) policy. Producers can choose to purchase additional months besides the base and harvest months to determine their revenue guarantee.

How does it work?

If the average futures price during a chosen month is higher than both the base price and harvest price the producer gets to use that price to calculate their guarantee.

  • Available in 2017 for corn and soybeans in the following states: Alabama, Arkansas, Delaware, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maryland,* Michigan, Minnesota, Missouri, Mississippi, Nebraska, New York, North Carolina, North Dakota, Ohio, Oklahoma, South Carolina, South Dakota, Tennessee, Virginia, and Wisconsin.Available in 2017 for cotton in the following states: Alabama, Arkansas, Georgia, Louisiana, Mississippi, Missouri, North Carolina, South Carolina, and Tennessee.
  • Available for corn grown for grain, commodity soybeans, and cotton in counties that allow the trend adjustment option. The insured does NOT have to use the TA option on the MPCI policy.
  • Insured must have an RP MPCI policy.
  • Alternative Price Discovery Periods include December, January, March, April, May, June, and July.
  • Sales Closing Dates:• December – November 28th • January – December 28th
    • March – February 27th • April, May, June, July – MPCI SCD
  • The Price Select Quoter will be available in the APO to quote the premium(s).**