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CROP INSURANCE COVERAGE (CRC)

CRC - Crop Revenue Coverage protects against lost revenue caused by low prices, low yields, or any combination of the two.

Benefits

Sets a market based guarantee before planting and guarantees this revenue in dollars per acre at harvest time replacement cost

Protects against the perils of price and yield - no yield loss needed for indemnity

Uses the producer's own Actual Production History (APH) to establish guarantees on a unit basis

Regional commodity exchanges used to establish base price and harvest price:  Chicago Board of Trade, Kansas City Board of Trade, Minneapolis Grain Exchange, Portland Grain Exchange and New York Cotton Exchange

Premium subsidy provided through USDA

Alternative to Multiple Peril Crop Insurance (MPCI)

Provides upside and downside price protection

Cash value protection increases confidence to use aggressive marketing strategies
 
Crop Insurance policies sold or reinsured by the Federal Crop Insurance Corporation are available to all producers regardless of race, color, sex, religion, age, national origin, disability, or marital status. Sunny Meadows, Inc., is an equal opportunity employer.
 
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