Crop Revenue Coverage (CRC) and Revenue Assurance with the Harvest Price Option (RA-HPO) sets a minimum revenue guarantee for your crop operation by protecting you against revenue losses. These revenue losses may be due to unexpected changes in yields, market prices, or both.
CRC and RA-HPO protects yield losses against upward changes in price (i.e., replacement cost). Should you have a yield loss and prices go higher, your yield losses would be paid back to you at the higher price. This helps provide marketing security.
Prevented planting and reimbursement for replanting are included in CRC and RA-HPO coverage when certain qualifications are met. Crops planted late are covered at reduced guarantees.
CRC’s and RA-HPO’s minimum revenue guarantee is set before planting time so you can use it in your cash flow and financial planning for the crop season. It gives you the flexibility to utilize various marketing strategies and tools that can enhance your bottom line. By supporting more flexible marketing strategies and providing minimum revenue guarantees, CRC and RA-HPO has become some of the most popular plans in the federal crop insurance program.