UNDERSTANDING CROP AND REVENUE INSURANCE PROGRAMS

Course Length

1.5 hours

Overview

Utilizing different crop and revenue programs can be a key part of managing risk. This course, a component of the Commodity Marketing & Risk Management suite of courses, covers basic insurance terminology and explains the different types of insurance coverage, each characterized by how the indemnity payment is triggered. These include yield-only coverage, revenue-only coverage, and revenue-or-yield coverage.

Course Topics

• Crop insurance terminology
• Types of insurance coverage

Knowledge and Skills

In this course, you will learn to:

• Become aware of crop insurance terminology
• Become familiar with the types of crop insurance coverage
• Learn to calculate indemnities
• Become familiar with the basic types of crop insurance
• Know what products are available
• Understand what triggers indemnity