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TeachMeFinance.com - explain Income Protection (IP) Income Protection (IP) The term 'Income Protection (IP) ' as it applies to the area of agriculture can be defined as ' A form of revenue insurance that protects a grower of 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'. Previous 5 Terms: inclination inclinometer In-Cloud Lightning inclusion-exclusion criteria Income insurance Next 5 Terms: Income Rate Income support income tax INCR Increased Cost of Compliance (ICC) 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.