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About: Gross Revenue Insurance Plan     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : yago:WikicatAgriculturalSubsidies, within Data Space : dbpedia.demo.openlinksw.com associated with source document(s)

Type: yago:Abstraction100002137yago:Acquisition113253255yago:Aid113265904yago:Gift113265011yago:Grant113266892yago:Possession100032613yago:Relation100031921yago:Subsidy113267014yago:TransferredProperty113252973yago:WikicatAgriculturalSubsidies New Facet based on Instances of this Class

In Canadian agricultural policy, a Gross Revenue Insurance Plan (GRIP) is a form of direct payment combining a crop insurance component and a revenue protection component. Farmers finance one-third of the premiums paid out under the revenue protection component. The GRIP makes payments when market revenue falls short of a producer’s target revenue. Target revenue per acre for an individual crop is based on historical yields, a multi-year moving average of price, and a level of insurance coverage chosen by the producer.