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| Mark,
GRP is the "MPCI" version of GRIP. GRP uses a set price on corn and soybeans, and if the county yield is lower than the "trigger" yield, you collect.
GRP is very inexpensive, and if you trend with the county yields, will pay many times over APH coverage.
As far as GRIP, 90% is always optimal (and 85% RA would too, if it were affordable). However, with GRIP, you may "buy down" the price, as low as 60%, reducing premium to 60%. This allows you to collect as often as possible, just not as much.
BTW, Wayne County IN GRIP (90%level, 100% price) will pay about $137/acre this last year (2007), if my math is correct.
Attached is a farmdoc example for Wayne county IN.
Rob
Edited by robheyen 3/8/2008 15:51
Attachments
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 Farmdoc Wayne IN CRN.pdf (122KB - 121 downloads)
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Crop Insurance ??
