Whole Farm Revenue Protection (WFRP)

Overview

The System supports the Whole Farm Revenue Protection (WFRP - 76) Program authorized by the RMA. A WFRP policy allows a grower to insure their entire farm at once rather than selecting which crops/livestock to insure individually, and it also protects against any loss of revenue the Insured expected to earn. For Whole Farm, the overall farm revenue determines loss amount. This policy requires that Insureds initially report their intended commodity value and then later report the revised values.

• WFRP offers a wide range of Coverage Levels (50-85%), and
• WFRP (0076) has a higher liability limit ($8.5 million); however, premium subsidy depends on the farm’s diversification. The policy must have 2 or more qualifying commodities to receive a Whole Farm premium subsidy, but 3 or more qualifying commodities are required for the 80% and 85% Coverage Levels. The “qualifying commodity” may be different than the actual commodity count though. A calculation is done to determine a minimum qualifying amount of expected revenue a commodity must meet in order to be considered a qualifying commodity.

NOTE: Potato Farms must have 2 commodities.

• Micro Farm (9110) insures farms with an approved revenue of $100,000 or less for their first year of coverage or $125,000 or less if they are a carryover insured and does not require a commodity count—all commodities are covered under this single policy.
• WFRP covers revenue produced in the insurance year even if not harvested or sold.
• WFRP insured revenue is the lower of your current year’s expected revenue at the selected Coverage Level or your historic revenue adjusted for growth and the selected Coverage Level.
• WFRP is payable after a loss of 20% of the crop or 20 acres.
• Growers can purchase MPCI Coverage in addition to the WFRP coverage, but must be buy-up coverage – CAT is not available; indemnities from any additional coverage will count as revenue earned under WFRP (additional coverage not available with Micro Farm (9110)).

To help users tailor their coverage, there are two commodity codes under the WFRP Plan Type: WFRP (0076) and Micro Farm (9110).

The WFRP Commodity

The Micro Farm Commodity

This commodity type is the same as the WFRP Plan Type prior to the addition of Micro Farm in the 2022 RY. It requires a diversification of commodities and insures farms with an approved revenue up to $17 million (2022 and prior RYs are capped at $8.5 million).

New with the 2022 RY, the Micro Farm commodity type does not have commodity count requirements and the entire farm is covered by this single policy, no additional coverages are allowed. This is ideal for small operations with an approved revenue of $300,000 or less (2022 and prior RYs are capped at $100,000 or less) for their first year of coverage or $400,000 (2022 and prior RYs are capped at $125,000 or less) if they are a carryover insured.

Learn more about WFRP (0076)

Learn more about Micro Farm (9110)