Crop insurance is a key risk management tool for farmers. It protects against either the loss of crops due to natural disasters or the loss of revenue due to declines in the prices of agriculture commodities.

There are two general categories of crop insurance: crop-yield insurance and crop-revenue insurance.

Although hail is the basic peril in these policies, cover is often granted for crop damage resulting from fire, windstorm, lightning, drought, frost, excessive heat, snow, sleet, etc.

Farmers should consider how a policy will work together with their other risk management strategies to guarantee the best possible outcome each year.

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