Which type of crop insurance focuses on ensuring a minimum income based on yield and market price?

Revenue protection is designed to secure a farmer's income by taking into account both the expected yield of the crop and the market price at which it can be sold. This type of insurance is especially beneficial because it provides a safety net not just against reduced yields due to unforeseen circumstances, such as natural disasters or crop disease, but also offers protection if market prices fall below a certain level.

When a farmer takes out revenue protection insurance, they are essentially ensuring that their total revenue will meet a pre-determined level, regardless of fluctuations in either yield or market price. This dual focus on both aspects makes it a comprehensive option for farmers looking to mitigate financial risks associated with their crops.

In contrast, yield protection only covers losses related to a reduction in yield, not factoring in price changes, and basic crop insurance generally offers limited coverage without the comprehensive income protection that revenue protection provides. Loss coverage insurance is not a standard term used in crop insurance, which makes it less applicable in this context.