Which of the following components is NOT part of the revenue protection calculation?

In the context of revenue protection calculations in crop insurance, local market trends are not directly factored into the determination of coverage. Revenue protection is mainly grounded in quantifiable parameters that reflect the risk associated with crop production, such as the approved Actual Production History (APH) yield, the insured acres, and the chosen coverage level.

The APH approved yield provides a historical yield average that underpins the policy, while the insured acres represent the physical area covered by the policy, and the coverage level dictates the extent of financial protection against loss in revenue. None of these calculations hinge on fluctuating local market trends, which can vary significantly and may impact prices and demand but do not form a basis of the insurance calculation itself. Hence, local market trends do not play a role in defining the primary elements essential for revenue protection calculations.