What is a key requirement for obtaining Crop Revenue Coverage (CRC)?

Crop Revenue Coverage (CRC) is designed to protect farmers against the loss of revenue caused by low yields or low prices. This means that the coverage offers a safety net that ensures a minimum level of income, which is vital for the financial stability of producers facing unpredictable market conditions or adverse weather events that could affect crop yields.

This type of crop insurance is particularly beneficial because it takes both yield and price fluctuations into account, providing a comprehensive approach to risk management. By offering protection in multiple dimensions—both through low yields resulting from natural causes and through price drops in the marketplace—CRC helps farmers safeguard their overall revenue rather than just focusing on production alone.

In contrast, the other options do not reflect the core principles of CRC. High production history, while useful for determining coverage levels, is not a requirement for obtaining CRC itself. Insurance for only high-value crops is misleading as CRC can apply to a range of crops, regardless of their market value. Lastly, submission of a market analysis is not a standard prerequisite for obtaining CRC, as the insurance is intended to provide protection automatically rather than based on subjective market assessments.