What is crop insurance?
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Crop insurance refers to an insurancewhich insures farmers and crop producers against the their loss of crops due to natural disasters, such as hail drought, and floods. There are two types of crop insurance : 1.crop-yield insurance. 2.crop-revenue insurance.
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Crop insurance is purchased by agricultural producers, including farmers, ranchers, and others to protect themselves against either the loss of their crops due to natural disasters, such as hail, drought, and floods, or the loss of revenue due to declines in the prices of agricultural commodities. The two general categories of crop insurance are called crop-yield insurance and crop-revenue insurance.
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