Group Risk Income Protection (GRIP)
GRIP is a county-based revenue insurance policy that pays the producer in the event the county average per acre revenue falls below the trigger revenue level selected by the producer. GRIP is similar to GRP but guarantees revenue instead of yield. Losses are not paid on the producer’s individual revenue or production level. When the county yield estimates are released, the county revenues will be calculated the following year. Since this plan is based on the county revenue and not individual revenue, the insured may have a loss in revenue on their farm and not receive any payment under GRIP. GRIP is not available in all counties, states or crops.
Group Risk Protection (GRP)
GRP is a county-based insurance policy that pays the producer in the event the county yield falls below the trigger yield selected by the producer. Since losses are not paid based on the producer’s individual yield performance, GRP is intended for those growers who have a yield that corresponds with county yield. GRP indemnifies the insured in the event the county average per acre yield falls below the insured’s trigger yield. Insured’s may have a low yield on their farm and not receive payment under the GRP plan. GRP is not available in all counties, states or crops.
As a crop insurance policyholder, you are responsible for regularly submitting information about your operation to your crop insurance specialist. Please see our Policy Steps page for more information regarding these responsibilities.
