The GRIP plan of insurance provides protection against an unexpected decline in revenues, whether due to low yields, low prices, or some combination. GRIP combines the group, or county average, yield coverage of the Group Risk Plan (GRP) with commodity exchange-based price coverage similar to the Revenue Assurance (RA) and Crop Revenue Coverage (CRC) policies.

GRIP was first offered in 1999 for corn and soybeans in IL, IN, and IA. GRIP was enhanced with the Harvest Revenue Option (HRO) in 2004. The HRO provides upward price protection in a similar manner to RA’s Harvest Price Option (HPO). In 2005, GRIP product was expanded to all counties offering GRP. GRIP was also expanded to grain sorghum for 2005, and to cotton and wheat for 2006. Beginning with 2006, the price discovery period for determining base prices for GRIP were harmonized with price discovery periods for RA and CRC; previously, GRIP had a shorter base price discovery period than RA and CRC.

See also GRIP Frequently Asked Questions.

PDF files.

2008

• Underwriting Rules (Dec 2000).
• Policy (Nov 2004).

2007

• Underwriting Rules (Dec 2000).
• Policy (Nov 2004).

2006

• Underwriting Rules (Dec 2000).
• Policy (Nov 2004).

2005

• Underwriting Rules (Dec 2000).
• Policy (Nov 2004).

2004

• Underwriting Rules (Dec 2000).
• Policy (Nov 2003).

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