Group Risk Income Protection

Group Risk Income Protection (GRIP) plan of insurance provides protection against an unexpected decline in revenues, whether due to low yields, low prices, or a combination thereof. GRIP combines the yield coverage of the Group Risk Plan (GRP) with price protection and uses commodity futures prices from various commodity exchanges in areas around the country.

GRIP coverage can be enhanced if the producer selects the Harvest Revenue Option (HRO), which provides upside harvest price protection when the final county yield is less than the expected county yield and the harvest price is greater than the expected price. The GRIP product is available in for corn, cotton, grain sorghum, soybeans, and wheat all counties offering GRP.

2012

• Basic Provisions 05-GRIP-BASIC (Nov 2004). **See mandatory Sanctions Amendment and footnote. ***See mandatory Farm Bill Amendment (10-Farm Bill) and footnote.
• Underwriting Rules (Dec 2000).
• **Sanctions Amendment (Jan 2009).
• ***Farm Bill Amendment (10-Farm Bill) (Oct 2009).

2011

• Basic Provisions 05-GRIP-BASIC (Nov 2004). **See mandatory Sanctions Amendment and footnote. ***See mandatory Farm Bill Amendment (10-Farm Bill) and footnote.
• Underwriting Rules (Dec 2000).
• **Sanctions Amendment (Jan 2009).
• ***Farm Bill Amendment (10-Farm Bill) (Oct 2009).

2010

• Basic Provisions 05-GRIP-BASIC (Nov 2004). *See mandatory Farm Bill Amendment (09-Farm Bill) and footnote. **See mandatory Sanctions Amendment and footnote. ***See mandatory Farm Bill Amendment (10-Farm Bill) and footnote.
• Underwriting Rules (Dec 2000).
• *Farm Bill Amendment (09-Farm Bill) (Nov 2008).
• **Sanctions Amendment (Jan 2009).
• ***Farm Bill Amendment (10-Farm Bill) (Oct 2009).

2009

• Basic Provisions 05-GRIP-BASIC (Nov 2004). *See mandatory Farm Bill Amendment (09-Farm Bill) and footnote.
• Underwriting Rules (Dec 2000).
• *Farm Bill Amendment (09-Farm Bill) (Nov 2008).

2008

• Basic Provisions 05-GRIP-BASIC (Nov 2004).
• Underwriting Rules (Dec 2000).

2007

• Basic Provisions 05-GRIP-BASIC (Nov 2004).
• Underwriting Rules (Dec 2000).

2006

• Basic Provisions 05-GRIP-BASIC (Nov 2004).
• Underwriting Rules (Dec 2000).

See also:

• Frequently Asked Questions, GRIP

*Farm Bill Amendment (09-Farm Bill) modifies the Group Risk Plan of Insurance Basic Provisions and the Group Risk Income Protection Plan of Insurance Basic Provisions for the 2009 crop year for all crops with a 2009 contract change date on or after Nov 30, 2008, and for the 2010 crop year for all crops with a 2010 contract change date prior to Oct 31, 2009.

**Sanctions Amendment modifies the Group Risk Income Protection Plan of Insurance Basic Provisions for the 2010 and succeeding crop years.

***Farm Bill Amendment (10-Farm Bill) modifies the Group Risk Plan of Insurance Basic Provisions and the Group Risk Income Protection Plan of Insurance Basic Provisions for the 2010 and succeeding crop years for all crops with a 2010 contract change date on or after Oct 31, 2009, and for the 2011 and succeeding crop years for all crops with a 2010 contract change date prior to Oct 31, 2009.

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