Adjusted Gross Revenue Insurance
Okay kiddo, so basically adjusted gross revenue insurance is a type of insurance that helps farmers when they have bad years.
You know how sometimes it rains too much or not enough, or there may be bad storms that damage crops? Well, when that happens, farmers can lose money from not being able to sell as much or having to spend more to fix the damage.
This insurance helps farmers by paying them a certain amount of money if their revenue falls below a certain level. This level is based on how much money they made in previous years. So if their revenue goes down because of a bad year, the insurance company will give them some money to help make up for it.
It's kind of like if you had a piggy bank with a certain amount of money in it each year, and if it ever went below a certain amount because of something bad happening, your parents would put in some extra money to help you out.
Adjust gross revenue insurance is just a way for farmers to protect themselves from unexpected problems and still be able to make a living, even if it's not as much as they were hoping for.
You know how sometimes it rains too much or not enough, or there may be bad storms that damage crops? Well, when that happens, farmers can lose money from not being able to sell as much or having to spend more to fix the damage.
This insurance helps farmers by paying them a certain amount of money if their revenue falls below a certain level. This level is based on how much money they made in previous years. So if their revenue goes down because of a bad year, the insurance company will give them some money to help make up for it.
It's kind of like if you had a piggy bank with a certain amount of money in it each year, and if it ever went below a certain amount because of something bad happening, your parents would put in some extra money to help you out.
Adjust gross revenue insurance is just a way for farmers to protect themselves from unexpected problems and still be able to make a living, even if it's not as much as they were hoping for.