February 28, 2011
Estimated GRIP-HR Payments for 2010
NASS released county yields for 2010 today (February 28). Based on these yields, I calculated the insurance payments for Group Risk Income Plan with the Harvest Revenue option (GRIP-HR) for Illinois counties. These are unofficial as RMA will calculate actual payments. Payments were calculated for a 90% coverage level and a 100% protection level. These levels will result in the highest payments. Below is the payments per acre:
De Witt 16
Peoria 28 P
GRIP without the harvest revenue option would not make payments in any Illinois county.
Issued by Gary Schnitkey
Department of Agricultural and Consumer Economics
University of Illinois
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