Whole Farm Protection 2016-12-19T14:29:06+00:00

Whole-Farm Revenue Protection

Whole-Farm Revenue Protection (WFRP) provides a risk management safety net for all commodities on the farm under one insurance policy.

Overview

Whole-Farm Revenue Protection (WFRP) provides a risk management safety net for all commodities on the farm under one insurance policy. 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.

Whole-Farm Revenue Protection is available in all counties in all 50 states.

Whole-Farm Revenue Protection provides protection against the loss of insured revenue due to an unavoidable natural cause of loss that occurs during the insurance period and also provides carryover loss coverage if you are insured the following year. See the policy for a list of covered causes of loss.

Sales Closing, Cancellation, & Termination Dates
The sales closing date, cancellation date, and termination date are the dates by which you must buy coverage, change coverage, or terminate coverage. These dates are specific to your county. The date is either January 31, February 28, or March 15. Please talk to your crop insurance agent for more information.

Revised Farm Operation Report Dates
If you need to revise your farm operation report, the day the revised report is due is based on how you file your taxes. If you are a calendar year filer or an early fiscal year filer, your revised report is due on or before July 15. If you are a late fiscal year filer your report is due on the last day of the month in which your fiscal year begins, but no later than October 31. Please talk to your crop insurance agent for more information.

Contract Change Date
Any change that RMA makes to the WFRP policy will be available on or before August 31 of the year before your insurance coverage begins.

WFRP protects your farm against the loss of farm revenue that you earn or expect to earn from:

  • Commodities you produce during the insurance period, whether they are sold or not;
  • Commodities you buy for resale during the insurance period; and
  • All commodities on the farm except timber, forest, forest products, and animals for sport, show, or pets.

The policy also provides replant coverage:

  • For annual crops, except those covered by another policy;
  • Equal to the cost of replanting, up to a maximum of 20 percent of the expected revenue; and
  • When 20 percent or 20 acres of the crop needs to be replanted.

The approved revenue amount is determined on your Farm Operation Report and is the lower of the expected revenue or your whole-farm historic average revenue. Coverage levels range from 50 percent to 85 percent. Catastrophic Risk Protection (CAT) coverage is not available.
The number of commodities produced on the farm are counted using a calculation that determines:

  • If the farm has the diversification needed to qualify for the 80 and 85 percent coverage levels (there is a minimum 3-commodity requirement);
  • The amount of premium rate discount that you receive due to farm diversification; and
  • The subsidy amount. Farms with 2 or more commodities receive a whole-farm subsidy and farms with one commodity receive a basic subsidy.

You can buy WFRP alone or with other buy-up level (additional) Federal crop insurance policies. When you buy WFRP with another policy, the WFRP premium is reduced due to the coverage provided by the other policy. If you have other Federal crop insurance policies at catastrophic coverage levels you do not qualify for WFRP.

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;
  • Have no more than $1 million expected revenue from animals and animal products;
  • Have no more than $1 million from greenhouse and nursery products;
  • Have no more than 50 percent of total revenue from commodities purchased for resale;
  • Have buy-up coverage levels on any Federal crop insurance plan you choose with 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.