Abstract
In this article, focus is placed on revenue insurance products at high coverage levels, as most farmers purchase these products. The four revenue products available in 2013 were Revenue Protection (RP), Revenue Protection with the harvest price exclusion (RPwExcl), Group Risk Income Plan with the harvest revenue option (GRIP-HR), and Group Risk Income Plan (GRIP). In 2013 on corn, RP was used to insure 76% of planted acres in Illinois (see Table 1). GRIP-HR was used on 10% of the acres. RPwExcl was used on 2% of planted acres and GRIP on 1%. In sum, these four revenue products accounted for 89% of planted acres insured in 2013. Moreover, most of these revenue products were used at higher coverage levels. In 2013, RP, GRIP-HR, RPwExcl, and GRIP at 75% and higher coverage levels were used to insure 82% of planted corn acres.
Sign-in/Register to access full text options 
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
