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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 ...
In United States agricultural policy, Group Risk Income Protection (GRIP) is a county-based revenue insurance program that is a variation of Group Risk Protection (GRP). ). GRIP pays a participating producer when the county revenue per acre for an insured crop falls below a trigger revenue selected by the insured producer, regardless of the actual revenue level of the individual pro
In the United Kingdom, employee benefits are categorised by three terms: flexible benefits (flex) and flexible benefits packages, voluntary benefits and core benefits. "Core benefits" is the term given to benefits which all staff enjoy, such as pension, life insurance, income protection, and holiday.
AgriCorp was created as a provincial crown corporation [1] in 1997 under the authority of the AgriCorp Act, 1996 (S.O. 1996, CHAPTER 17, Schedule A) [2] with the object of administering crop insurance under the Crop Insurance Act (Ontario), 1996. Specifically, Agricorp was given the capacity and powers to establish and collect fees and service ...
Crop insurance is insurance purchased by agricultural producers and subsidized by a country's government to protect against either the loss of their crops due to natural disasters, such as hail, drought, and floods ("crop-yield insurance"), or the loss of revenue due to declines in the prices of agricultural commodities ("crop-revenue insurance").
Agricultural policies aimed at reducing poverty include India's Pradhan Mantri Fasal Bima Yojana, which offers crop insurance to farmers to protect them from weather-related uncertainties and potential crop failures. [citation needed] This initiative provides farmers with financial aid for crop loss, reducing the risk of falling into poverty.
The Government Service Insurance System (Filipino: Paseguruhan ng mga Naglilingkod sa Pamahalaan, abbreviated as GSIS) is a Filipino government-owned and controlled corporation (GOCC) in the Philippines aimed at government employees. Created by Commonwealth Act No. 186 and Republic Act No. 8291 (GSIS Act of 1997), GSIS is a social insurance ...
Crop Revenue Coverage (CRC) is a form of revenue insurance that protects a producer's revenue for an insurable crop whenever low prices, low yields, or a combination of both causes revenue to fall below a guaranteed level selected by the producer.