Group Risk Protection (GRP) is a county-based insurance product that pays the producer in the event the county yield falls below the trigger yield.
GRP is a flexible program that allows the farmer to choose between several coverage levels (65-90%) and amounts of price protection up to 150% of the established price (x) the expected county yield.
GRP requires no record keeping, less paperwork than other crop insurance products, and is typically sold at a very competitive premium.
GRP uses county yields based on National Agricultural Statistics Service (NASS) data, and pays an indemnity if the final county average yield is below the trigger yield.