Which insurance is designed to manage risks associated with crop failure?

Crop insurance is specifically designed to protect farmers and agricultural producers against the financial losses resulting from crop failures due to various risks, including natural disasters, severe weather conditions, disease, or other unforeseeable events. This type of insurance helps provide financial stability and assurance for farmers, enabling them to recover from losses and continue their operations despite challenges in crop yield.

The other options represent different types of insurance that do not focus specifically on crop failure. For instance, the Farmers Mutual Fund typically offers a range of insurance products for farmers but is not solely tailored to address the risks of crop failure. Harvest Insurance may relate to covering crops but is not recognized as a standardized or distinct form of insurance within the industry. Livestock Insurance is meant to protect against risks associated with livestock, rather than crop-related risks. Therefore, crop insurance stands out as the primary policy designed to manage risks associated with crop failure.