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TeachMeFinance.com - explain Group Risk Protection (GRP) Group Risk Protection (GRP) The term 'Group Risk Protection (GRP) ' as it applies to the area of agriculture can be defined as ' A form of crop insurance available in certain parts of the country that makes an indemnity payment to all participating crop farmers in a particular area when the entire county’s crop production is a certain percentage below the normal production level of the county. This differs from the basic crop insurance program that makes payments to participating farmers when the individual farmer’s own crop yield is less than the producer’s normal yield'. Previous 5 Terms: Group name Group of Seven (G-7) Group Or Network Hmo Group quarters Group Risk Income Protection (GRIP) Next 5 Terms: group selection Group Velocity grouping symbols Grout Grout blanket About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.