NEWS
Marcia Zarley Taylor DTN Executive Editor
Tue Sep 10, 2013 02:02 PM CDT


GRIP's Astronomical Payouts Nipped



The popularity of county-based insurance plans like Group Risk Income Protection (GRIP) has ebbed in recent years, despite occasional astronomical payouts. When 2012 Illinois county yields collapsed and prices soared due to drought, many corn growers with GRIP policies collected more than $1,000/acre (see farmdoc map).

County-based insurance plans have offered Midwest growers better price protection than individual Revenue Protection policies, not only in drought years, but also low-price years like 1991 and 1998, University of Illinois studies show. That's because GRIP policyholders can insure losses with only 10% deductibles and payouts have been ...

Quick View
  • Dodge Down Corn Conditions have been right for stalk rot and ear molds in corn in many parts of the Midwest this ...
  • Cows That Last If you've priced replacement heifers lately, or even just added up all the costs of raising your ...
  • Chrysler: What's New for 2015 Here's something you don't want to do at a media event for seasoned automotive journalists from a...
  • Farm Investors Welcome Why own farms when you can own shares in a farmland pool? The advent of agriculture's first real ...
  • Rents Resist Price Relief Growers in bellwether corn states expect to make money on bushels -- not price -- in 2014, farm m...
  • GE Critics Range as Skeptics An ad-hoc committee of 18 scientists is tasked by the National Research Council with examining th...
  • Ask the Taxman by Andy Biebl CPA Andy Biebl helps readers wrestle with reality of health insurance costs, congressional inacti...
  • Ag Innovation Showcase At the sixth annual Ag Innovation Showcase in St. Louis this week, start-ups in search of investo...
  • Ask the Vet At what age should a cow be culled?
Related News Stories
Ag Interest Rate Snapshot
Fracking Study Finds No Water Pollution
Ag Innovation Showcase