REVENUE INSURANCE

Domain	Definition
Agriculture	A crop insurance program that provides coverage to producers against lost revenues (or incomes) caused by low prices, low yields, or a combination of low prices and low yields. An indemnity is paid to a producer when any combination of yield and price results in revenue that is less than a pre-specified revenue guarantee. The FAIR Act of 1996 mandates a USDA pilot program for crop years 1997-2000 under which producers of feed grains, wheat, soybeans, and other crops in specified areas may elect to receive insurance against loss of revenue. The two largest pilot programs to date are the Crop Revenue Coverage (CRC) program and the Income Protection (IP) program. The two programs are similar, except that the CRC allows farmers to insure their revenue at either planting-time prices or harvest prices, whichever is higher. The full cost of the premium associated with CRC and IP is paid by the participating farmer. (references)
Source: compiled by the editor from various references; see credits.

Anagrams: REVENUE INSURANCE

Scrabble® Enable2K-Verified Anagrams
	Words within the letters "a-c-e-e-e-e-i-n-n-n-r-r-s-u-u-v"
	-5 letters: reinsurance.
Source: compiled by the editor from various references; see credits. SCRABBLE® is a registered trademark. All intellectual property rights in and to the game are owned in the U.S.A and Canada by Hasbro Inc., and throughout the rest of the world by J.W. Spear & Sons Limited of Maidenhead, Berkshire, England, a subsidiary of Mattel Inc. Mattel and Spear are not affiliated with Hasbro.