Whole Farm Revenue Protection
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. This insurance plan is tailored for any farm with up to $17 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.
Causes of Loss WFRP provides protection against the loss of insured revenue due to an unavoidable natural cause of loss which occurs during the insurance period and will also provide carryover loss coverage if you are insured the following year. See the policy for a list of covered causes of loss.
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 (see “Information You Provide” below: • Have no more than $17 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, excluding aquaculture commodities, is limited to $2 million; ◊ Coverage of expected revenue from greenhouse and nursery, excluding aquaculture commodities, 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.
Reference.
https://www.rma.usda.gov/en/Fact-Sheets/National-Fact-Sheets/Whole-Farm-Revenue-Protection