A news release last week from USDA’s Risk Management Agency (RMA) stated that, “[RMA] has made several updates to the Whole-Farm Revenue Protection (WFRP) policy for the 2020 policy year that expand safety net options and flexibility for agricultural producers. The 2018 Farm Bill triggered updates to WFRP, a popular insurance policy among specialty crop and organic growers.
“‘There has been some confusion about how WFRP interplays with other federal disaster programs and indemnity payments, and we’ve added new provisions to address these concerns,’ said RMA Administrator Martin Barbre. ‘The WFRP policy is an important product for producers of any crop, but particularly for growers of less traditional crops. We’re excited to offer these improvements.’
“WFRP allows coverage of all revenue for commodities produced on a farm up to a total insured revenue of $8.5 million. It is popular for specialty crops and organic commodities.”
Last week’s update noted that, “Previously, producers who carried Noninsured Crop Disaster Assistance Program (NAP) and WFRP coverage had to choose which indemnity they would receive in the case of a loss. Beginning with the 2020 policy, producers with NAP and WFRP may receive indemnity payments under both policies. This means, an indemnity paid under NAP will not be counted as revenue-to-count under the WFRP program up to the deductible of the WFRP policy.”
“For 2020, RMA is also adding coverage for hemp producers through WFRP,” the release said; adding that, “To learn more, visit the WFRP Coverage and Frequently Asked Questions pages.”
