In what year did the Group Risk Plan (GRP) cease to exist?

Prepare for the Kansas Crop Insurance Test. Use multiple choice questions accompanied by hints and explanations. Ensure your readiness for the exam!

The Group Risk Plan (GRP) was an insurance option that provided area-based coverage for crops. It effectively ended in 2014 as part of changes made by the USDA Risk Management Agency (RMA) due to the implementation of various regulations and updates in the crop insurance program. The decision to phase out GRP was influenced by the introduction of new insurance products that offered more precise coverage and better risk management tools for producers. Therefore, 2014 marks the year when GRP ceased to be available for farmers seeking coverage under this particular plan. Understanding the timeline of changes in crop insurance products is essential for farmers and stakeholders in assessing their risk management strategies and options.

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