The dollar amount per acre selected by you for each insured crop practice and type specified in the Actuarial Table. You may choose from 60 percent through 100 percent of the maximum protection per acre. The insurable acreage is all of the acreage of the insured crop for which premium rates are provided by the Actuarial Table and in which you have an interest and which acreage is in the county or counties listed in your accepted application. GRP requires no records of past yields. GRP has no field loss adjustment or claim record requirements, so is less burdensome to the insured.
Insurable acreage is acreage planted on or before the acreage reporting date.
No special rate for high risk ground. MPCI map classified as uninsurable does not apply. Air-seeded soybeans and continuous cropping wheat in some counties. GRP eliminates fraudulent claims. GRP has little or no adverse selection or moral hazard.