Definition of Revenue Assurance (RA)

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TeachMeFinance.com - explain Revenue Assurance (RA)



Revenue Assurance (RA)

The term 'Revenue Assurance (RA) ' as it applies to the area of agriculture can be defined as ' A form of revenue insurance that protects a grower of an insurable crop whenever low prices, low yields, or a combination of both causes revenue to fall below a guaranteed level selected by the producer. It differs from other revenue insurance programs in that it allows a farmer to use the posted county price, rather than a national price, in determining a target level of revenue'.

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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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