Multiple Price Discovery (MPD)
An opportunity to potentially get a higher base price for your corn or soybean polices with Multiple Price Discovery. (MPD)
– With MPD, you can use the higher of the average price from December or January instead of February
– The maximum limits are $.50 on corn and $1.00 on Soybeans.
– Eligible on Enterprise units only.
– If the average price in February is higher, you still receive the highest average price from the three trading months.
– If the harvest price is higher than the MPD price, you can still account for that on your MPCI policy.
Example:
Corn growers in 2009 and 2010 could have improved their base price by thirty-two and thirty-six cents, with MPD.
For a 150 bushel guarantee, that figures about a $48-$54 additional protection per acre.
Sales closing for the MPD is January 1st!
Please contact your AgQuest Insurance Agent for eligibility and other qualifying details.
AgQuest offers “one-stop shopping” for all of your agricultural finance and insurance needs, including operating loans, real estate loans, machinery & equipment loans and leasing, a full line of ag insurance options such as crop insurance, precision farming and Livestock Gross Margin Insurance.
