Agriculture Deputy Secretary Krysta Harden has announced that Whole-Farm Revenue Protection insurance will be available in every county in the nation in 2016. The USDA is also making changes to help a variety of farmers and ranchers, such as beginning, organic, and fruit and vegetable growers, get more use of Whole-Farm Revenue Protection.
“Whole-Farm Revenue Protection insurance allows producers who have previously had limited access to a risk management safety net, to insure all of the commodities on their farm at once instead of one commodity at a time,” said Deputy Secretary Krysta Harden. “That gives them the option of embracing more crop diversity on their farm and helps support the production of a wider variety of foods.”
USDA’s Risk Management Agency (RMA) introduced the Whole-Farm Revenue Protection pilot program for a majority of counties in the 2015 insurance year. Starting with the 2016 insurance year, the new program will be available in all counties in the United States, a first for the federal crop insurance program.
USDA also provided additional flexibility to producers by making the following changes, including: beginning farmers and ranchers, livestock producers, and expanding operations.
Whole-Farm Revenue Protection includes a wide range of available coverage levels, provides coverage for replanting annual commodities, includes provisions that increase coverage for expanding operations, and allows the inclusion of market readiness costs in the coverage. The policy is tailored for most farms, including farms with specialty or organic commodities (both crops and livestock), or those marketing to local, regional, farm-identity preserved, specialty, or direct markets. The policy covers farms or ranches with up to $8.5 million in insured revenue.