Whole-Farm Revenue Protection WFRP Infographic02/11/2019
Whole-Farm Revenue Protection (WFRP) Infographic – A Risk Management Safety Net For All Commodities On The Farm Under One Crop Insurance Policy
Whole-Farm Revenue Protection (WFRP) provides a risk management safety net for all commodities on the farm under one insurance policy. This insurance plan is tailored for any farm with up to $8.5 million in insured revenue, including farms with specialty or organic commodities (both crops and livestock), or those marketing to local, regional, farm-identity preserved, specialty, or direct markets. A commodity is defined as any agricultural product established or produced on your farm operation, except timber, forest and forest products, and animals for sport, show or pets.
WFRP is available in all counties in all 50 states. The sales closing date for Calendar Year and Early Fiscal Year Filers is January 31, February 28 or March 15 depending upon state/county. For Late Fiscal Year Filers the Sales Closing Date is November 20. The Revised Farm Operation Report date for all filers is July 15. Talk to your ProAg agent for more details on dates and policy specifics.
You can buy WFRP alone or with other buy-up level Federal crop insurance policies. When you buy WFRP with another policy, the WFRP premium is reduced due to the coverage provided by the other policy. If you have other Federal crop insurance policies at catastrophic coverage levels you do not qualify for WFRP.
This informative infographic from ProAg provides the highlights of the Whole-Farm Revenue (WFRP) crop insurance policy. Contact your trusted ProAg agent today for more information on WFRP.
*Coverage is summarized. Refer to the actual policy for applicable terms, conditions, limits and exclusions.
Source: ProAg Crop Insurance Communications and Media