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Crop Revenue Coverage
WHAT IS CRC?
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WHAT IS CRC?
The most widely available revenue protection policy is CRC. This policy
guarantees an amount of revenue called the final guarantee. The coverage and
exclusions of CRC are similar to those for the standard MPCI policy. This final
guarantee is based on the greater of the spring-time generated price (base
price) or the harvest-time generated price (harvest price). While the guarantee
may increase, the premium will not. Premium will be calculated using the base
price. Since the protection of producer revenue is the primary objective of
CRC, it contains provisions addressing both yield and price risks. CRC covers
revenue losses due to a low price, low yield, or any combination of the two. A
loss is due when the calculated revenue is less than the final guarantee for
the crop acreage.
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FEATURES
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CRC VS. MPCI
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CRC PRICES & INDEMNITY PAYMENTS
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GUARANTEES
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EXAMPLES
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REGIONAL
EXCHANGES
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MARKET
INFORMATION
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