PASSWORD

800.394.2474

Insurance

3. GROUP RISK INCOME PROTECTION

What Are The Benefits of GRIP?

  • Maximum policy protection is 150% of the expected county revenue – more than any other multi-peril program.
  • Harvest Revenue Option allows the producer to increase expected county revenue if the fall price is higher than the spring price.
  • Offers a competitive premium, requires no records and less paperwork to participate.
  • Fits well with a full coverage Crop Hail policy, which provides added coverages.
  • Subsidized by FCIC and protects against widespread loss of revenue in a county.

How Does GRIP work?

  • Uses county yields based on National Agricultural Statistics Service (NASS) data.
  • Determines expected and harvest prices using commodity future contracts.
  • Pays an indemnity if the production is less than the guarantee

1. REVENUE PROTECTION & REVENUE PROTECTION WITH HARVEST PRICE EXCLUSION

Benefits of RP/RPHPE

  • Protects against revenue loss caused by low yields and/or low prices
  • Flexible and efficient management tool to crop producers
  • The Harvest Price is limited to 200% of the Projected Price
  • Coverage on basic, optional, enterprise, and whole-farm units where available
  • Discounts for producers that insure multiple crops on whole-farm units

How Does RP/RPHPE Work?

  • Establishes a minimum guarantee of revenue per acre.  May select coverage with or with Harvest Price Exclusion
  • For the loss guarantee, RP will use the greater of the Projected Price or Harvest Price; RPHPE will use only the Projected Price
  • If revenue to count is less than final revenue guarantee, an indemnity is paid

2. YIELD PROTECTION & ACTUAL PRODUCTION HISTORY

 Benefits of YP/APH

  • Protection against production loss.  Based on a producer’s own production history Provides coverage levels of 50% to 85% of the APH in 5% increments
  • Provides coverage on basic and optional units. Enterprise and whole farm unit coverage is available in some areas
  • Offers a competitive premium. Subsidized by the Federal Crop Insurance Corporation (FCIC)

How Does YP/APH Work?

  • Establishes a guarantee of bushels per acre
  • YP Projected Price is determined by futures contracts, and APH price is established by the FCIC
  • Pays an indemnity if the production to count falls below the yield guarantee