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Farm and Ranch Insurance in North Central United States

Group Risk Plan (GRP)

A Group Risk Plan (GRP) provides a dollar amount of protection per acre. A loss payment triggers when the county average yield in a given year falls below the trend adjusted average yield by a greater percentage than the insured's selected deductible. GRP does not provide prevented planting, late planting or replant payments.

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 he/she wants to insure. GRP Catastrophic (CAT) coverage is available at 65% of the expected county yield and 45% of the maximum amount of protection per acre.

Units
The coverage unit is all acreage of the crop in the county.

Benefits
GRP is a simplified program that is easy to understand. GRP provides payment based on performance of a crop in a county as a whole. GRP is more appealing than a CBOT crop yield contract because: ◦ GRP triggers based on county, rather than state, average yield. ◦ The grower's transaction cost is lower because of the government cost share.

Loss Payment
A loss is payable when the county average yield for the crop in the current year is less than the percentage of coverage selected by the grower at the time of application.

Contact Us today at ( or visit the location nearest you, and let us find the right coverage for your farm and ranch needs. We can provide an free, exploratory quote that gives you a fast, accurate picture of rates and coverages.

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