date:Oct 24, 2012
) and group risk protection (GRP) plans pay based on a specified coverage level of average yields or revenue, some of which isn't identified until the next calendar year.
These insurance payments are not eligible for deferral. As with proceeds from a revenue protection policy, proceeds from a GRP, GRIP, or other risk management policy qualify for the...election to postpone the income to the following year only to the extent the proceeds are paid for damage or destruction of a crop, Marrison say