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On September 25, 2020, the Risk Management Agency (RMA) issued an informational memorandum announcing Enhanced Coverage Option (ECO) availability for multiple peril crop insurance (MPCI) policyholders on 31 different crops including corn, soybeans and grain sorghum. We encourage you to discuss ECO with an FCS Financial crop insurance agent but here are a few highlights:

  • ECO is an option to add area-based coverage on top of your MPCI policy. Coverage will be available from 86% up to 90% or 95%.
  • Coverage for ECO option will follow the underlying MPCI product (Revenue Protection or Yield Protection) and will also be reflective of underlying liability.
  • This option must be selected on your MPCI policy by March 15, 2021.
  • Claim payments may be received on ECO, MPCI or both. ECO claims can only be triggered by a county average revenue or yield loss.
  • The ECO option uses the same expected area yields, final area yields, projected prices, harvest prices and payment factors as the Supplemental Coverage Option (SCO).
  • You can purchase SCO and ECO.
  • You cannot purchase ECO in conjunction with some MPCI products (Margin Protection, CAT or HRACE to name a few).
  • ECO is subsidized at 51% for Yield Protection and 44% for Revenue Protection.
  • There is no restriction that connects the purchase of ECO with either the ARC or PLC programs at FSA.
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