Cory Walters, Extension Economist, University of Kentucky
email: Cory Walters
The Risk Management Agency, who oversees the crop insurance program, released their new Common Crop Insurance Policy (CCIP) or otherwise known as COMBO. COMBO represents a new insurance plan structure designed to simplify choices. In COMBO only individual plans not county level plans like Group Risk Income Plan (GRIP) are affected. The goal of this short article is to educate producers on the differences between COMBO insurance plans.
COMBO offers three insurance plans, Yield Protection (YP), Revenue Protection (RP), and Revenue Protection with the harvest price exclusion (RP-HPE). Table 1, shows the new COMBO insurance plan name and what it replaces.
email: Cory Walters
The Risk Management Agency, who oversees the crop insurance program, released their new Common Crop Insurance Policy (CCIP) or otherwise known as COMBO. COMBO represents a new insurance plan structure designed to simplify choices. In COMBO only individual plans not county level plans like Group Risk Income Plan (GRIP) are affected. The goal of this short article is to educate producers on the differences between COMBO insurance plans.
COMBO offers three insurance plans, Yield Protection (YP), Revenue Protection (RP), and Revenue Protection with the harvest price exclusion (RP-HPE). Table 1, shows the new COMBO insurance plan name and what it replaces.
