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GRIP is a county or area revenue plan that is based on county yields and Harvest Prices. 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. 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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