County-Based Guarantees

Group Risk Plan (GRP)

• GRP offers coverage based on a percentage of the NASS Expected County Yield
• GRP offers no coverage for replant or prevented planting
• GRP is designed for those producers whose yield history tracks with county history
• GRP does not provide adequate protection against localized perils (flood near rivers, wind damage, hail damage, etc.)
• GRP is usually not considered as collateral by lenders
• GRP is not normally recommended as a basis of protection for a grain marketing plan

Group Risk Income Protection with Harvest Revenue Option (GRIP-HRO)

• GRIP offers coverage based on a percentage of the NASS Expected County Yield x Expected Price
• GRIP-HRO offers combination of county-yield guarantee and price protection
• HRO can be removed to save premium; then offers ONLY downside price protection
• GRIP offers no coverage for replant or prevented planting
• GRIP is designed for those producers whose yield history tracks with county history
• GRIP does not provide adequate protection against localized perils (flood near rivers, wind damage, hail damage, etc.)
• GRIP is usually not considered as collateral by lenders
• GRIP is not normally recommended as a basis of protection for a grain marketing plan