Business
Crop insurance has a new plan. Margin protection can help farmers mitigate commodity price fluctuations, operating margin challenges and other known risks in agriculture. In the past, there were only a few plans that covered natural disasters (or the crop yield) or revenue and sales — as well as area protection for the farm. MPP, as it’s known in the insurance industry, is not available in every state. PNC Bank spoke with Michael Vallery, a farmer and partner at Vallery and Dorn Insurance, about the plan details and availability (there is an enrollment window). Vallery also shares the select growing states where the plan is available.