Coverages | Crop Revenue Coverage (CRC)

Crop Revenue Coverage (CRC)

CRC provides comprehensive protection for corn, cotton, grain sorghum, soybeans, rice, and wheat through a dollar guarantee based on the board of trade’s or exchange’s early futures price (base price). Additional protection is provided if the near harvest futures price (harvest price) exceeds the base price.

The perils covered are weather related, certain other unavoidable causes of loss, and price fluctuations.
CRC provides prevented planting and replanting protection. Replanting and Winter Wheat Coverage Endorsement are provided for wheat in counties with both fall and spring planting dates. Prevented planting payments are determined by using the higher of the base or harvest price. The base price is used for replanting payments.

11/29/04