Abstract: Crop revenue insurance is an important development direction after the gradual withdrawal of direct grain price support policy, such as floor purchase price policy. This paper analyses the development course of crop revenue insurance in the United States, elaborates its operating mechanism, and summarizes the characteristics of crop income insurance products in the United States in terms of data determination of "price, yield and guarantee level", setting of insurance unit, rate of premium and subsidy, and compares and analyses the typical product design of crop income insurance in China and the United States. It is necessary to speed up the design, enrich product varieties, improve level and increase subsidies of revenue insurance in China.