Big Wins on Whole-Farm Revenue Protection
In late August, the United States Department of Agriculture (USDA) Risk Management Agency (RMA) announced several changes to improve the effectiveness of the Whole-Farm Revenue Protection (WFRP) program, the only insurance product designed to protect a farmer’s entire operation, not just one crop. Building upon these improvements, RMA just announced a Road Show that will begin with two virtual events this October and develop into a series of virtual and in-person events this fall to educate producers and crop insurance agents about WFRP. There has perhaps never been a better moment for farmers to consider enrolling in WFRP.
Background
WFRP is a novel crop insurance product that offers producers nationwide the option to insure the revenue of their entire operation, including crop, livestock, and nursery production under a single policy. It also includes a built-in insurance premium discount for …