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The US Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status.

Crop Revenue Coverage is one of the new federal crop insurance policies that covers against both a loss in yield and a gain or loss in price. Using prices from the Chicago Board of Trade for corn and soybeans and the Minneapolis Grain Exchange for spring wheat, CRC provides a base revenue guarantee in the spring and adjusts the price in the fall using another pricing period.  Follow link for 2002 prices as they are collected.  The revenue guarantee can not be lower than what is announced in the spring but can increase with a higher fall price, or your yield guarantee can increase with a lower fall price.  On the Revenue Example page you can find a example that should help explain how this process works. 

Since CRC can provide a safety net to both price and yield risk, Midwest Ag Insurance provides research and information to its customers that are not found with other crop insurance agents.  An example of this information is found on the Soybean Analysis page that looks at the average price movements for soybeans from the spring pricing period to the fall pricing period. This information helps to ensure that Midwest Ag Insurance are presented with all their options.

Some basic provisions of CRC are as follows:

• CRC is based on your Actual Production History using a minimum of 4 years to a maximum of 10 years of history.
• CRC can be purchased with Optional, Basic, or Basic Units.
• CRC is available in levels from 50-85% for most counties in MN.
• CRC limits price movements to the upside and downside as follows:
• Corn           $1.50
• Soybeans   $3.00
• Wheat        $2.00

For More Information or a quote call 1-866-756-6333 or email Jon.

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