Crop Revenue Coverage (CRC) Insurance
What is it?
With CRC, you can protect yourself from lost revenue due to low crop yields, low prices or any combination of the two.
CRC works by setting a market based guarantee before planting and guarantees this revenue in dollars per acre at harvest time replacement cost.
It eliminates farmers' concerns that low prices can adversely affect their overall revenue or profitability even when yields are high.
Benefits
- Uses your own harvest history to establish a guarantee by unit basis
- Alternative to MPCI
- Enhances borrowing power because CRC secures loan repayment
- Increases confidence when trying alternative seeds, chemicals or new aggressive marketing strategies
- USDA provided premium subsidy
- Base price established by regional commodity exchanges