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:

Adams 207
Brown 179
Cass 112
Christian 90
De Witt 16
Ford 100
Fulton 125
Hancock 334
Henderson 145
Henry 6
Iroquois 103
Jackson 57
Kankakee 4
Knox 22
Logan 81
McDonough 213
Mason 88
Menard 148
Mercer 198
Morgan 157
Peoria 28 P
Pike 75
Putnam 36
Sangamon 104
Schuyler 196
Scott 102
Stark 13
Tazewell 30
Union 169
Warren 131

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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