Revenue Assurance
The coverage and exclusions of RA are 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 caused by low prices or
low yields, or a combination of both. 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. RA protects a producer's crop
revenue when the crop revenue falls below the guaranteed revenue.
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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