Micro Farm Policy Insurance – An Option for Small-Scale Producers
The RMA is issuing a new Micro Farm policy intended to provide additional insurance options for small-scale producers. This policy is offered through Whole-Farm Revenue Protection (WFRP) and is enhanced to better meet the needs of small-scale farms. This includes:
- Eligibility: Micro Farm is available to producers who have a farm operation that earns an average allowable revenue of $100,000 or less, or for carryover insureds, an average allowable revenue of $125,000 or less.
- Coverage Levels: All coverage levels will be available to producers using Micro Farm. This will enable producers to purchase the 80% and 85% coverage levels without providing additional paperwork.
- Underwriting and Recordkeeping Requirements: Micro Farm minimizes underwriting and recordkeeping requirements, and producers will not have to report expenses and individual commodities.
- Post-production Revenue: Producers can include post-production costs activities as revenue, such as washing and packaging commodities or value-added products like jam.
Micro Farm is available for the 2022 crop year. Sales closing dates are January 31, February 28, or March 15, depending on the producer’s county.
Please reference Product Management Bulletin PM-21-069 for additional information.
Access the following hyperlink to review:
Micro Farm Program National Fact Sheet: https://rma.usda.gov/en/Fact-Sheets/National-Fact-Sheets/Micro-Farm-Program
Micro Farm Pilot Provisions: https://rma.usda.gov/-/media/RMA/Policies/Micro-Farm/2022/Micro-Farm-Pilot–Provisions-22-MF-WFRP.ashx