Whole-Farm Revenue Protection Analysis: New Enrollments Reveal Path Forward
This year marks the tenth anniversary of Whole-Farm Revenue Protection (WFRP), a novel insurance product that offers farmers nationwide the option to insure the revenue of their entire operation, including crop, livestock, and nursery production, under a single policy. WFRP also rewards adoption of business practices that reduce risk with its premium discount for crop and enterprise diversification.
These features make WFRP the ideal insurance product for a wide range of farms including small and mid-sized farms, which are more likely to be multi-crop, direct-market systems. Just nine percent of farms with less than 50 acres are insured at a time when financial volatility and unpredictability of weather events makes access to a safety net more important than ever.
In this blog, the National Sustainable Agriculture Coalition (NSAC) analyzes …