What is the basic plan from which crop insurance originally started?

The basic plan from which crop insurance originally started is Yield Protection. This type of insurance was designed to provide farmers with coverage against potential losses in crop yield due to adverse weather conditions or other factors that could negatively impact production. Yield Protection allows farmers to ensure a certain level of yield based on their historical production records, which helps them manage the risk associated with agricultural production.

This plan essentially laid the groundwork for other insurance options, as it focused primarily on safeguarding the quantity of the harvest rather than the financial aspect of crop revenue. Over time, crop insurance options evolved to include more complex plans such as Revenue Protection and Crop Revenue Coverage, which address both yield and price fluctuations. However, Yield Protection remains a fundamental aspect of crop insurance, as it captures the core principle of protecting farmers from yield loss.