Cover photo for Whole Farm Revenue Protection

Whole Farm Revenue Protection (WFRP)

Risk Management Agency

Due November 20, 2021

About

Whole-Farm Revenue Protection (WFRP) provides a risk management safety net for all commodities on the farm under one insurance policy and is available in all counties nationwide. This insurance plan 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.

Eligibility

Eligibility for WFRP coverage requires you to:

  • Be eligible to receive Federal benefits;

  • Be a U.S. citizen or resident;

  • File either a Schedule F tax form or other farm tax form that can be converted to a Substitute Schedule F for a specified number of years;

  • Have no more than $8.5 million in insured revenue, which is the farm revenue allowed to be insured under the policy multiplied by the coverage level you select (see table above)

    • Coverage of expected revenue from animals and animal products is limited to $2 million;

    • Coverage of expected revenue from greenhouse and nursery is limited to $2 million;

  • Have no more than 50 percent of total revenue from commodities purchased for resale;

  • Have ‘buy-up’ coverage levels on any Federal crop insurance plans you choose in addition to the WFRP insurance plan;

  • Meet the diversification requirements of the policy by having two or more commodities if a commodity you are raising has revenue protection or actual revenue history insurance available; and

  • Meet the diversification requirements of the policy by having two or more commodities if there are potatoes on the farm.

Terms

WFRP is an insurance program with detailed terms regarding coverage and loss. Review the Fact Sheet for full terms.

Resources

Similar Programs

Details

Deadline

November 20, 2021

Organization

Risk Management Agency (RMA)

Financial Instrument

Insurance

Image Credit

Skylar Jay

Updated August 20, 2021

This information was gathered from public sources. Ambrook is not responsible for or able to affect the results of any financial programs listed, nor are they responsible for any incorrect information that is listed or is on the hyperlinked external sites. All information is subject to change.