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Product Overview
Crop Hail
Reinsurance

YP-APH
RP-RPHPE
GRIP
MPCI GRP
Group Risk Protection (GRP)

 

What is GRP?

A county-based insurance product that pays the producer in the event the county yield falls below the trigger yield selected by the producer.

 

What are the benefits of GRP?

  • Flexible program that allows the farmer to choose between several coverage levels and amounts of protection.
  • Maximum policy protection is 150% of the established price (x) the expected county yield.
  • Offers a competitive premium, requires no records and less paperwork than other plans to participate.
  • Subsidized by FCIC and protects against widespread loss of yield in a county.

 

How does it work?

  • Uses county yields based on National Agricultural Statistics Service (NASS) data.
  • Pays indemnity if the final county average yield is below loss payment trigger level.
  • Coverage levels range from 65% - 90%.

This plan is available in the following states: AR, IA, IL, IN, KS, MN, MO, NE, OH, SD, & WI

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