The price for MPCI for 2004 is $3.35.

MPCI provides protection against losses from a number of uncontrollable causes. MPCI is the most popular insurance coverage due to its flexibility in level and price. It is strictly a yield insurance. With MPCI you can insure 50-85% of your Actual Production History (APH). Your APH is the average of the actual acres & production for a minimum of 4 years and up to 10 years. If you have less than 4 years of history, you will be assigned yields which are a certain percentage of the county t-yield, depending on your particular situation.

To determine what your guarantee is, simply multiply your Actual Production History (APH) by your level of coverage. For example, if you have a 50 bushel APH & you elected an 85% coverage level, your guarantee would be 42.5 bushels. If your harvested or appraised bushels are below your guarantee, you have a loss and will collect on the difference. For instance, if your guarantee is 42.5 bushels, but you only harvest 30 bushels, you have a loss of 12.5 bushels. Your loss indemnity will be 12.5 bushels x $3.35 (2004 price) = $41.88/acre.