Group Risk Plan (GRP) provides a dollar amount of protection.

A loss payment is available when the county average yield, in a given year, falls below the trend adjusted average yield by a greater percentage than the policyholder's selected deductible.

Levels of Coverage

The grower selects the dollar amount of protection per acre and the percentage of the county yield (70 to 90% for most crops) at which they want to insure.

Benefits

• A simplified program that is easy to understand
• It provides payment based on performance of a crop in a county as a whole
• It is more appealing than CME Group crop yield contract because:
  • It triggers based on county rather than state average yield
  • The grower's transaction cost is lower because of government cost share

Click here for a printable version of a fully detailed Crop Insurance Plan Comparision Chart.