Crop Revenue Coverage & Revenue Assurance

Crop Revenue Coverage is a revenue based policy that provides a combination of yield and price protection. It provides revenue and marketing risk protection to support more aggressive marketing plans. Anyone is eligible for this type of insurance. No credit is required.

Insurable crops in Michigan include: Corn, Soybeans and Wheat.

Base and Harvest prices are established by using the Chicago Board of Trade.

An alternative to the APH policy, Revenue protects against lost revenue caused by low prices, low yields, or any combination of the two. By putting a floor under the yield and price risk, the policy guarantees a farmer will have the inventory available or have it replaced at market value.

Features and Benefits

Feature	Benefit
Protects the farmer against perils of price and yield.	CRC & RA protects against lost revenue caused by low prices, low yields or any combination of the two.
Uses the producer's own actual production history to establish the guarantee on an optional unit basis.	The ability to use your own actual production history and optional units maximizes the benefits of CRC & RA when a farming operation is faced with a production loss or low prices.
Enterprise Units	Option to insure all acres of a single crop as a single "enterprise unit" for discounted premiums. Based on the number of acres insured.
Premium subsidy provided through USDA.	The federal government helps subsidize the cost of the coverage.
Alternative to APH.	CRC & RA was developed for those farmers who wanted a crop insurance policy that is based on a crop's value in the marketplace.
Provides greater security, therefore enhancing borrowing power.	CRC & RA secures loan repayment, therefore enhancing borrowing power.
Increases confidence when using alternative marketing strategies.	Revenue Coverage policy is designed to reward producers for both their risk management and marketing efforts.