There are new crop insurance options for diversified farmers. And recently the Risk Management Agency (RMA) leveled the playing field on premium subsidies for the new Whole Farm Revenue Protection insurance. On October 3, USDA’s Risk Management Agency (RMA) announced that premium subsidy levels established for the new Whole-Farm Revenue Protection (WFRP) crop insurance policy will be in line with the premium subsidies available to producers selecting whole-farm units under the Revenue Protection plans of insurance. If a farmer has two or more crops and meets the minimum diversification requirement they will receive the higher premium subsidy.
Unlike traditional crop insurance, WFRP allows producers to insure the value of all of their crops, including mixed grain/livestock operations and diversified fruit and vegetable farms, rather than insuring crop-by-crop. This makes the policy an especially attractive option for diversified farms with resource-conserving crop rotations, integrated grain and livestock systems, specialty crop growers, and organic producers.