October 6, 2022
The U.S. Department of Agriculture is improving two of its most comprehensive risk management safety net programs, Whole-Farm Revenue Protection and Micro Farm, making them more accessible to America’s agricultural producers.
USDA is offering virtual workshops on Oct. 11, Oct. 13, Nov. 15 and Dec. 13 for farmers and stakeholders to learn about updates and improvements to the insurance options.
These insurance options are especially important to specialty crop, organic, urban and direct market producers.
The WFRP program provides protection for all eligible commodities on a farm under one insurance policy. The Micro Farm program, offered through WFRP, provides a risk management safety net for all eligible commodities on a farm under one insurance policy, but on a smaller scale.
While the Micro Farm program is well received and feedback has been largely positive since the program’s inception in 2021, industry partners and small, diversified producers have informed RMA that the current limit is too low to meet the needs of many interested producers. In response, the FCIC approved the increase in size for eligible farm operations.
Improvements to the programs include:
Doubling the maximum insurable revenue under WFRP, now up to $17 million;
More than tripling the size of farm operations eligible for Micro Farm to $350,000 in approved revenue; and
Reducing paperwork requirements for WFRP.
The updates to WFRP and Micro Farm take effect in crop year 2023.
Join virtual workshops
“We want to make sure farmers and ranchers know about these very important insurance options. We invite specialty crop, organic, urban and direct market producers to join the virtual ‘RMA Roadshow,” RMA Administrator Marcia Bunger said. Leadership will highlight important improvements to Whole-Farm and Micro Farm and answer questions during the workshops.
RMA will host these workshops for agricultural producers via Microsoft Teams events. RSVP is not required and attendees will have a chance to submit written questions during the event. Click the link to join at the day and time:
“RMA Roadshow” will include future in person workshops to be announced. More information is available on the RMA Roadshow webpage. Learn more about crop insurance and the modern farm safety net at rma.usda.gov.
About the Author(s)
Content Producer, Farm Futures
Rachel grew up in central Wisconsin and earned a B.S. in soil and crop science from the University of Wisconsin - Platteville. Before joining the Farm Futures team, Rachel spent time in the field as an agronomist before transitioning to the world of marketing and communications. She now resides in northeast Iowa where she enjoys raising bottle calves and farming corn and soybeans alongside her husband and his family.
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