Earlier this summer, the U.S. Department of Agriculture rolled out Margin Protection, a "next generation" crop insurance product available to rice producers in select counties in Arkansas, California, Louisiana, Mississippi, Missouri, and Texas for the 2016 crop year. The price discovery period for rice is set to begin on December 15, and expected margins and premiums will be updated daily thereafter. The program was authorized by the 2014 Farm Bill and has been carefully developed by USA Rice in partnership with the consulting firm, Watts and Associates, Inc.
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