Crop Revenue Insurance (CRI)

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Crop Revenue Insurance (CRI) is a specialized type of coverage that empowers farmers to manage the financial risks associated with fluctuating crop yields and volatile market prices. This comprehensive guide will explore the ins and outs of CRI, helping farmers make informed decisions to secure their income and ensure the sustainability of their farming operations.

What is Crop Revenue Insurance?

CRI is a policy that combines the features of yield insurance and price insurance, offering protection against losses resulting from low yields, declining prices, or a combination of both. It guarantees a specific amount of revenue based on historical yield and market prices, providing farmers with financial stability amidst uncertainties.

Coverage Details

  • Yield Protection: Covers losses resulting from reduced yields due to natural disasters and other insurable perils.
  • Price Protection: Offers coverage for income losses caused by declining market prices during the insurance period.
  • Revenue Guarantee: Calculates a revenue guarantee based on the farmer’s historical yields and the market prices, ensuring compensation if actual revenue falls below this threshold.


  • Financial Security: Safeguards the farmer’s income, ensuring financial stability even in adverse conditions.
  • Flexibility: Caters to a diverse range of crops and farming practices, offering customized solutions.
  • Market Volatility Mitigation: Protects against the financial impacts of fluctuating market prices.

Costs and Premiums

The cost of Crop Revenue Insurance depends on factors such as the selected level of coverage, insured crop types, and the farmer’s location. Premiums may vary, and there are options for subsidies to make the insurance more affordable.

How to Obtain Crop Revenue Insurance

  1. Research: Begin by researching various insurance providers and comparing the coverage options, benefits, and costs.
  2. Consultation: Seek advice from an insurance agent experienced in agricultural coverage to understand the specific needs and risks associated with your farm.
  3. Application: Complete the application process, providing detailed information about your farming operations, historical yields, and revenue.

Key Considerations

It’s essential to evaluate the specific needs of your farm, considering factors like the types of crops, historical yields, and susceptibility to market price fluctuations. Understanding these elements will enable farmers to choose the appropriate level of coverage and optimize the benefits of Crop Revenue Insurance.


Crop Revenue Insurance is a vital tool that equips farmers to navigate the uncertainties associated with crop production and market dynamics. By opting for this insurance, farmers can focus on enhancing productivity and innovation, confident in the financial security afforded by comprehensive coverage.


CRI is a type of crop insurance that provides farmers with coverage against a decline in their revenue due to decreased production or drops in market prices.

While MPCI covers losses from specific perils like drought, hail, and pests, CRI is focused on revenue shortfalls, regardless of the cause (i.e., it takes into account both yield and price risks).

The revenue guarantee is typically calculated by multiplying the farmer’s approved yield by a projected price and by the coverage level selected.

Coverage levels range from around 50% to 85% of a farmer’s expected revenue, in 5% increments.

Projected and harvest prices are usually determined by futures market prices or other recognized sources, depending on the specific crop and region.

Not all crops have CRI available. The specific crops covered vary by region and insurer, but major commodities like corn, soybeans, and wheat are typically included.

Premiums are typically due at the end of the insured period. In many regions, governments subsidize a portion of the premium to promote risk management among farmers.

If the harvest price is higher, the revenue guarantee will be recalculated using the harvest price, ensuring that the farmer benefits from the higher market price.

Yes, farmers can often purchase CRI in conjunction with other insurance products to ensure comprehensive coverage.

Claims processes vary by insurer but typically require notice of loss, documentation, and possibly an adjuster’s assessment. Payouts are usually made after yields are finalized and market prices are determined for the season.

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