In Crop Revenue Insurance, what is used to determine the expected price of a crop?

In Crop Revenue Insurance, the expected price of a crop is determined based on RMA guidelines. The Risk Management Agency (RMA) sets forth specific criteria and methodologies used to establish the expected price, which often incorporates various market factors, statistical data, and regulatory considerations. This standardized approach ensures that the valuation of crops for insurance purposes remains consistent and fair across the board.

Market Analysis Reports, historical data, and local market rates can inform the context and understanding of crop pricing, but they do not serve as the formal foundation for determining the expected price within the framework of Crop Revenue Insurance. Instead, it is the RMA guidelines that provide the necessary structure and authority for these calculations, helping adjusters assess risks and payouts accurately.