Whole-farm revenue insurance available
New farm revenue insurance that covers multiple crops and livestock is now available for 2015.
Whole-farm revenue protection allows producers to insure between 50 to 85 percent of their whole farm revenue, and allows growers to insure a variety of crops at once instead of one commodity at a time. That gives them the option of embracing more crop diversity and helps support the production of a wider variety of foods.
The 2014 Farm Bill allowed USDA’s Risk Management Agency to create the whole-farm crop insurance policy.
Whole-farm revenue protection is tailored for any farm with up to $8.5 million in insured revenue, including farms with specialty or organic commodities (both crops and livestock), or those marketing to local, regional, farm-identity preserved, specialty, or direct markets.
More information, including availability of the product, can be found on RMA’s whole farm web page, http://www.rma.usda.gov/policies/wfrp.html
Federal crop insurance is sold and delivered solely through private insurance agents. A list of insurance agents is available from the RMA regional office in Topeka, or on the RMA agent web page.
Last modified Dec. 18, 2014