The harvest price is used to determine the harvest guarantee and calculated revenue. For More Details Gary Schnitkey. Crop Revenue Coverage Insurance , University of Illinois Extension. Insurance Program Alternatives and Program Provisions , University of Minnesota Extension Service. CRC protects a producer from loss of revenue resulting from low prices, low yields, or a combination of the two.
Calculated revenue is compared with the final guarantee .
If calculated revenue is less than the final guarantee, the producer is paid the difference. The Base Price is an average of the daily settlement prices, for a month before normal planting time, of a harvest time futures contract. The Harvest Price is an average of the daily settlement prices, for a month near the end of normal harvest, of the harvest time futures contract.