When most people talk about crop insurance, they are referring to revenue protection (a federally subsidized program). Are you aware that there are more policies than just that and they all cover different crops or risks? In this lesson, you will learn about the 2 most common crop insurance policies for organic farmers: revenue protection and whole farm revenue protection. Understanding the role these products play in a farmer’s overall risk management strategy will strengthen your relationships with your clients.
0:00 Introduction to Revenue & Whole Farm Protection
2:20 Revenue Protection
4:27 Step 1: Choose Coverage Amount
5:37 Step 2: Find my Bushel Guarantee
7:00 Step 3: Find my Guaranteed Revenue
7:24 Pro Tip
8:03 Step 3 continued
8:24 Revenue Protection Overview
8:48 Whole Farm Protection
9:51 Whole Farm Revenue Guarantee
11:02 Whole Farm Protection Drawbacks
11:29 Pro Tip
12:44 Recap
13:19 Conclusion and Review Questions
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This material is funded in partnership by USDA, Risk Management Agency, under award number RMA22CPT0012393.
