Which program assists in managing risks associated with low market prices for crops?

The Crop Insurance Program is specifically designed to help farmers manage the financial risks associated with various factors, including low market prices for crops. This program provides insurance coverage that compensates farmers for a portion of their lost revenue when market prices fall below a predetermined level. It helps stabilize income, ensuring that farmers can continue their operations even in challenging economic conditions.

By mitigating the negative impact of price fluctuations, the Crop Insurance Program enables farmers to make more informed decisions regarding crop production and investment, as they have a safety net in place. This is particularly important in the volatile agricultural market where prices can change rapidly and unpredictably.

Other options, while they may provide some risk management strategies, do not specifically target the management of risks associated with low market prices in the same direct and effective manner as the Crop Insurance Program. The Comprehensive Insurance Program may cover broader risks, the Enterprise Risk Management Plan encompasses various aspects of risk but is more strategic in nature, and the Market Stabilization Program may help stabilize prices but does not directly offer financial compensation tied to specific crop losses.