CRC
Crop Revenue Coverage provides protection against loss of income due to
reductions in yield or changes in market prices, or a combination of the two.
CRC addresses both yield and price risk. CRC provides a revenue guarantee
(based on your APH) that increases if harvest prices are high and provides
income security if prices are low.
The allowance for the change in projected price from the beginning of the
insurance period to the end, is the primary difference between CRC and other
risk insurance plans. CRC also provides for unit coverage similar to the
underlying MPCI policy, with the addition of an enterprise unit structure which
includes all planted acreage for the crop in the county in which the insured
has a share.
Note: Terrorism is not an exposure covered by Federal Crop Insurance Corporation
on any of the Federally reinsured crop insurance policies (RA, MPCI, CRC,
etc.). These policies cover losses due to drought, flood, or other
natural disasters.
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