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GRIP is an income based plan, which performs similar to IP over the whole county. An expected revenue is set for the county on a per acre basis. Participants can purchase a larger amount of protection with GRIP than any other coverage. However, unless the county income falls below the prescribed trigger level based on the ending fall price, and county yield (determined within 4-6 months after harvest), no indemnity is paid. Like GRP, GRIP does not cover replant cost or prevented planting losses. Cost per acre for GRIP is usually higher than MPCI, and comparable to CRC depending on the amount purchased. A disclaimer form must be signed acknowledging that the individual farm operation has no guarantee for its production or revenue. GRIP may fit very large producers with above average production and minimal variance in their yields over time.
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