“I have listened to feedback from agents and producers alike that some of the reporting requirements for Whole Farm are cumbersome,” RMA Administrator Marcia Bunger said in an interview with Agri-Pulse. She states that the USDA RMA could be revamping the Whole Farm Revenue Protection (WFRP) program to reduce pain points for insureds and insurance providers to continue to make it more attractive to producers. The insurance program allows farmers to insure their entire operation under one policy. WFRP enrollments have fallen every year since 2017. This year, around 1,815 policies have been sold, 712 of which were to producers in Washington state.
WFRP can incentivize crop diversification, simplifying the insurance process for more-niche commodities. With the addition of the MicroFarm policy, small-to-mid-size farmers now have an entry policy into the federal crop insurance system. But many view WFRP as overly complicated while most farmers remain unaware of it. However, USDA’s Risk Management Agency (RMA) is looking at ways to increase adoption of the policy.
Read more on Whole Farm Revenue Protection here. (Gated premium content)
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