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 and uses
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 for corn, cotton,
grain sorghum, soybeans, and wheat all counties offering GRP.
2012
2011
2010
2009
2008
2007
<="2006">2006
Archives
See also:
*Farm Bill Amendment (09-Farm Bill)
modifies the Group Risk Plan of Insurance Basic Provisions and the Group Risk Income Protection Plan
of Insurance Basic Provisions for the 2009 crop year for all crops with a 2009 contract change date on
or after Nov 30, 2008, and for the 2010 crop year for all crops with a 2010 contract change date prior
to Oct 31, 2009.
**Sanctions Amendment modifies the Group Risk Income Protection Plan of Insurance Basic Provisions
for the 2010 and succeeding crop years.
***Farm Bill Amendment (10-Farm Bill)
modifies the Group Risk Plan of Insurance Basic Provisions and the Group Risk Income Protection Plan
of Insurance Basic Provisions for the 2010 and succeeding crop years for all crops with a 2010 contract
change date on or after Oct 31, 2009, and for the 2011 and succeeding crop years for all crops with a 2010
contract change date prior to Oct 31, 2009.
For more information, contact Ben Thiel.
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