Agricultural Marketing Policy Papers
Permanent URI for this collectionhttps://scholarworks.montana.edu/handle/1/3495
Browse
2 results
Search Results
Item Group Risk Income Protection(MSU Extension, 2006-07) Johnson, James B.; Hewlett, John P.Group Risk Income Protection (GRIP) is a federally-subsidized risk management tool to insure against widespread loss of revenue from an insured crop in a county. Crop producers whose yields are highly correlated with county yield are most likely to use this product to insure that the combination of yield and price results in a particular level of revenue. Unlike the related Risk Management Agency-approved Group Risk Plan insurance, either a price or yield decline may result in a producer being indemnified. If total revenue (price times yield) in county is less than a producer’s trigger revenue, the producer will be indemnified for revenue losses due to insurable causes. But producers need to recognize that they could incur reduced revenue from the insured acres of a crop and not be indemnified if there is not a commensurate decline in county per acre revenues for the crop.Item GRP Rangeland Insurance for Wyoming(MSU Extension, 2006-10) Hewlett, John P.; Schumacher, Joel B.; Johnson, James B.A new Group Risk Plan (GRP) Rangeland Insurance product is being offered by USDA’s Risk Management Agency (RMA) in 10 Wyoming counties. For counties in which this insurance product is not offered, USDA’s Farm Service Agency continues to offer the Noninsured Crop Disaster Assistance Program (See Briefing No. 14). The new GRP Rangeland Insurance product is intended to increase ranch managers’ options for managing risk related to the loss of grazing from any of several causes.