Final answer:
Crop-revenue insurance provides coverage against the loss of crop value by compensating farmers for the difference in expected and actual revenue. The correct answer is option B. Crop-revenue insurance.
Step-by-step explanation:
The insurance that provides coverage against the loss of crop value is called Crop-revenue insurance. This type of insurance protects farmers by providing compensation for the difference between their expected revenue and the actual revenue due to factors like crop failure, low market prices, or damage caused by weather events. Crop-revenue insurance is based on the projected yield or production and the expected market price of the crop.
For example, if a farmer has crop-revenue insurance and experiences a crop failure, they would receive a payment to compensate for the loss in value. Other types of crop insurance include crop-yield insurance, which focuses solely on the actual yield of the crop, multi-peril crop insurance, which covers a broad range of perils like drought, excess moisture, insects, and disease, and crop-hail insurance, which specifically protects against hail damage.