Group Risk Income Protection (GRIP) plan of insurance provides protection against an unexpected decline in revenues, whether due to low yields, low prices, or a combination thereof. GRIP combines the yield coverage of the Group Risk Plan (GRP) with price protection similar to the Revenue Assurance (RA) and Crop Revenue Coverage (CRC) policies. GRIP, RA and CRC use commodity futures prices from various commodity exchanges in areas around the country.

GRIP coverage can be enhanced if the producer selects the Harvest Revenue Option (HRO), which provides upside harvest price protection when the final county yield is less than the expected county yield and the harvest price is greater than the expected price. The GRIP product is available in all counties offering GRP. Beginning in 2006, the price discovery periods for determining base prices for GRIP were made consistent with the price discovery periods for CRC.

GRIP is available in selected states and counties for corn, cotton, grain sorghum, soybeans, and wheat.

See also:

• Prevented Planting Due to Excess Moisture or Flood: Powerpoint Presentation (Jun 13, 2008)
• GRIP Frequently Asked Questions
• Actuarial Documents
• Premium Calculator

PDF files.

2009

• Program announcement: New Price Change Limits for Revenue Products (May 29, 2008)
• Basic Provisions 05-GRIP-BASIC (Nov 2004). *See mandatory Farm Bill Amendment footnote.
• Underwriting Rules (Dec 2000).
• *Farm Bill Amendment (Nov 2008).

2008

• Basic Provisions 05-GRIP-BASIC (Nov 2004).
• Underwriting Rules (Dec 2000).

2007

• Basic Provisions 05-GRIP-BASIC (Nov 2004).
• Underwriting Rules (Dec 2000).

<="2006">2006

• Basic Provisions 05-GRIP-BASIC (Nov 2004).
• Underwriting Rules (Dec 2000).

2005

• Basic Provisions 05-GRIP-BASIC (Nov 2004).
• Underwriting Rules (Dec 2000).

*Farm Bill Amendment modifies the Common Crop Insurance Policy Basic Provisions, Crop Revenue Coverage Insurance Policy Basic Provisions, Revenue Assurance Insurance Policy Basic Provisions, Group Risk Plan of Insurance Basic Provisions, Group Risk Income Protection Plan of Insurance Basic Provisions, and the Income Protection Plans of Insurance for 2009 and succeeding crop years for all crops with a contract change date on or after Nov 30, 2008.

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