What type of insurance does Michelle have if her crop of beets didn't meet her financial expectations due to market price drops?

When Michelle's crop of beets fails to meet her financial expectations due to market price drops, she is likely relying on Crop-Revenue insurance. This type of insurance is designed specifically to protect farmers from the loss of revenue caused by fluctuations in market prices, as well as from crop yield losses. It provides a safety net by ensuring that the farmer can recoup a portion of the expected revenue based on average prices and the expected yield.

Crop-Revenue insurance takes into account both the yield and the market prices, allowing for coverage that correlates directly with the income a farmer anticipates from their crops. This means that even if the yield is satisfactory, a significant price drop could adversely affect revenue, and Crop-Revenue insurance helps to mitigate that risk.

The other types of insurance listed do not provide the same financial protection in the event of market price shifts. Multi-Peril Crop Insurance typically covers a range of risks, such as natural disasters or disease, but might not specifically address the financial aspects tied to revenue. Meanwhile, Yield Guarantee focuses primarily on protecting against poor yields due to environmental factors, and Crop-Yield does not encompass revenue fluctuations.