No yield record keeping for
crop insurance is required, claims are paid on county averages only.
Higher per acre coverages are often available with GRP than with
other plans.
Possibility for much higher loss payments in bad years than
regular insurance for superior farmers on superior or irrigated ground.
Can add on affordable hail insurance coverage for per acre spot
loss protection.
Computer programs can show you what you could have collected in
past loss years, making a quantitative analysis of the GRP program easy.
Also consider...
PDF Of GRIP Policy (follow this link)
GRIP
(Group Risk Income Protection)
Similar
to GRP but it adds a revenue component which can trigger a payment in
years of low prices in the fall even with average yields.
Contact Steve Sims or Darryl Lane of the Dick Sims
Agency, Inc. for a personalized quote on this or any of our crop insurance
products.
agency@dicksimsinc.com