Abstract: Crop revenue insurance can compensate the revenue loss resulted from the fluctuations of yield, price or both. It is becoming the common trend of the development of agricultural insurance products in the world. The crop revenue insurance has stepped into mature stage in the United States, whose experience is an important reference for China to develop crop revenue insurance. Employing the comparative study method, this paper introduces the organization framework of agricultural insurance in China and the United States separately, and explains the basic design and operation of each crop revenue insurance product, and makes a comparative analysis on crop revenue insurance products between the two countries under the product classification framework of CAT, BUY-UP and SCO. Results show that the crop revenue insurance in China is still mainly based on quasi-revenue insurance products, and there are still some shortcomings such as some unreasonable settings of output and price data, single insurance coverage level and insurance premium subsidy policy. In contrast, there are many kinds of crop revenue insurance in the United States, based on years of data on crop yields and futures prices, it provides many alternative levels of protection, insurance units are divided between individuals and farms, and differentiated premium subsidy policies are set. Therefore, important implications for developing agricultural revenue insurance include: to follow the development goal of agricultural policy when designing policy-based agricultural insurance, to improve the efficiency of agricultural insurance organization, and to strengthen the construction of agricultural insurance data.