USDA RMA Introduces Micro Farm Policy for Farmers Who Sell Locally

The U.S. Department of Agriculture (USDA) is rolling out a new insurance option specifically for agricultural producers with small farms who sell locally. The Micro Farm policy simplifies record keeping and covers post-production costs like washing and value-added products. It is offered through Whole-Farm Revenue Protection and 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.

The Federal Crop Insurance Corporation approved the Micro Farm policy in late September, and additional details will be provided later this fall. The policy will be available beginning with the 2022 crop year. Read more about the Micro Farm policy here.