word

crop insurance

KROP in-SHOOR-uns

krɒp ɪnˈʃʊərəns

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cropinsurance

Financial product that protects farmers against yield losses or revenue shortfalls caused by weather, pests, disease, or market price drops

Crop insurance enrollment rose after two consecutive drought years decimated harvests.
Index-based crop insurance uses weather station data rather than individual farm assessments.

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