Agents Serving
    Central USA

Crop Revenue Coverage guarantees an amount of revenue called Final Revenue Guarantee. The final revenue guarantee is based on the greater of the spring time generated price (base price) or the harvest time generated price (harvest price)X unit APH X level X interest.

While the guarantee may increase, the premium will not. Premium will be calculated using the base price.

Since the protection of the producer is the primary objective of CRC, it contains provisions addressing both yields and price risks. CRC covers revenue losses due to a low price, low yield, or any combination of the two.

A loss is due when the calculated revenue (unit actual harvested yield X harvest price X interest)is less than the final revenue guarantee for the crop acreage.

Revenue Assurance is similar to those for the standard MPCI policy, however MPCI provides coverage for loss of production , whereas RA provides coverage to protect against loss of revenue.

RA has the Fall Harvest Price Option available. This option uses the greater of the fall harvest price (harvest time generated price) or the projected harvest price (spring time generated price) to determine the per acre revenue guarantee.  

The projected harvest price uses the same commodity exchange as CRC by crop. Price volatility factors released by Sept 20. The RA policy without the FHPO (Fall Harvest Price Option) works well for the insured who believes the Harvest price will be depressed. In an upswing market, with the FHPO, this policy works like a CRC policy but may be cheaper.

Preliminary indemnity payments can only be made when FHPO is elected.