Group Risk Income Protection

dc.contributor.authorJohnson, James B.
dc.contributor.authorHewlett, John P.
dc.date.accessioned2014-07-11T19:34:39Z
dc.date.available2014-07-11T19:34:39Z
dc.date.issued2006-07
dc.description.abstractGroup 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.en_US
dc.identifier.citationPolicy Paper 13: Group Risk Income Protection, James B. Johnson and John Hewlett, July 2006en_US
dc.identifier.urihttps://scholarworks.montana.edu/handle/1/3505
dc.publisherMSU Extensionen_US
dc.relation.ispartofseriesAgricultural Marketing Policy Center Policy Paper;13
dc.subjectAgricultural economicsen_US
dc.subjectAgronomyen_US
dc.titleGroup Risk Income Protectionen_US
dc.title.alternativeAgricultural Marketing Policy Center Policy Paper No. 13en_US
dc.typeOtheren_US
mus.citation.extentfirstpage1en_US
mus.citation.extentlastpage6en_US
mus.identifier.categoryLife Sciences & Earth Sciencesen_US
mus.relation.collegeCollege of Agricultureen_US
mus.relation.collegeCollege of Agriculture
mus.relation.departmentAgricultural Economics & Economics.en_US
mus.relation.universityMontana State University - Bozemanen_US

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