What are three components that impact credit in crop insurance?

The choice identifying the components that impact credit in crop insurance highlights several critical factors that insurance providers evaluate. The number of years of history is significant because it provides a comprehensive view of a producer's farming practices and outcomes over time, allowing underwriters to assess risk more accurately. Yield comparison contributes to this assessment as it involves analyzing the producer's yields relative to their peers or expected averages, giving insight into performance and consistency. Finally, approved yield refers to the average yield established by the insurer based on historical data, which provides a benchmark for future claims and insurance coverage.

These elements are essential in determining a producer's eligibility for credit and the conditions under which insurance will be granted. The accuracy of the production history ensures that the underwriting process is based on reliable data, which is necessary for determining risk and setting premiums.