Area Crop Policy
Area Yield Protection (AYP) – formerly GRP
A yield only protection policy. Uses an expected market price and expected county yield to determine the maximum protection/acre. There is no price protection built into this.
Area Revenue Protection (ARP) – formerly GRIP - HR
A revenue based policy. It uses expected county yield like AYP but uses the higher of spring or harvest price for the guarantee like the RP plan.
Area Revenue Protection Harvest Price Exclusion (ARP-HPE) - formerly GRIP
ARP-HPE only uses spring price and provides only a revenue guarantee.