Group Risk Income Protection
Group Risk Income Protection (GRIP) is based on the experience of the county
rather than individual farms, so APH is not required for this program. A GRIP
policy includes coverage against potential loss of revenue resulting from a
significant reduction in the county yield or commodity price of a specific
crop. When the county yield estimates are released, the county revenues (or
payment revenues) will be calculated prior to April 16 of the following crop
year. GRIP will pay a loss when the county revenue is less than the trigger
revenue. Since this plan is based on county revenue and not individual revenue,
the insured may have a loss in revenue on their farm and not receive payment
under GRIP.
Note: Terrorism is not an exposure covered by Federal Crop Insurance Corporation
on any of the Federally reinsured crop insurance policies (RA, MPCI, CRC,
etc.). These policies cover losses due to drought, flood, or other
natural disasters.
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