About: Gross Revenue Insurance Plan

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In Canadian agricultural policy, a Gross Revenue Insurance Plan (GRIP) is a form of direct payment combining a crop insurance component and a revenue protection component. Farmers finance one-third of the premiums paid out under the revenue protection component. The GRIP makes payments when market revenue falls short of a producer’s target revenue. Target revenue per acre for an individual crop is based on historical yields, a multi-year moving average of price, and a level of insurance coverage chosen by the producer.

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  • In Canadian agricultural policy, a Gross Revenue Insurance Plan (GRIP) is a form of direct payment combining a crop insurance component and a revenue protection component. Farmers finance one-third of the premiums paid out under the revenue protection component. The GRIP makes payments when market revenue falls short of a producer’s target revenue. Target revenue per acre for an individual crop is based on historical yields, a multi-year moving average of price, and a level of insurance coverage chosen by the producer. (en)
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  • Report for Congress: Agriculture: A Glossary of Terms, Programs, and Laws, 2005 Edition (en)
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  • http://ncseonline.org/nle/crsreports/05jun/97-905.pdf|author= Jasper Womach (en)
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  • In Canadian agricultural policy, a Gross Revenue Insurance Plan (GRIP) is a form of direct payment combining a crop insurance component and a revenue protection component. Farmers finance one-third of the premiums paid out under the revenue protection component. The GRIP makes payments when market revenue falls short of a producer’s target revenue. Target revenue per acre for an individual crop is based on historical yields, a multi-year moving average of price, and a level of insurance coverage chosen by the producer. (en)
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  • Gross Revenue Insurance Plan (en)
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