Group Risk Income Protection (GRIP) – GRIP is based on the experience of the county rather than individual farms, so actual production history (APH) is not required for this program. A GRIP policy includes coverage against potential loss of revenue resulting from a significant reduction in the county yield or commodity price of a specific crop. When the county yield estimates are released, the county revenues (or payment revenues) will be calculated the following crop year. A GRIP policy will pay an indemnity when the county revenue is less than the "trigger" revenue on the individual producer's policy. Since this plan is based on the county revenue and not individual revenue, the insured may have a loss in revenue on their farm and not receive payment under GRIP. A GRIP Harvest Revenue Option (HRO) endorsement is available. This Option offers "upside" price protection by valuing lost bushels at the harvest price in addition to the coverage offered under GRIP.
