In the United States, most crop insurance is offered through the Federal Crop Insurance Program, overseen by the USDA's Risk Management Agency and sold and serviced by private insurance companies. Policies can protect against yield losses from causes such as drought, flood, and hail, or against revenue losses that combine yield and price.
Coverage choices affect both cost and risk, and they interact with marketing plans and lender requirements. Recording insured acres, yields, and claims accurately also matters for the farm's production history, which affects future coverage.