New Risk Management Program Supports Diversified Farmers

In late August, the United States Department of Agriculture (USDA) announced that Risk Management Agency’s (RMA) new Whole-Farm Revenue Protection Program (WFRP) would be available in every county in the nation for the 2016 reinsurance year. Whole-Farm Revenue Protection (WFRP) provides a risk management safety net for all production enterprises 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.

To assist producers in understanding the benefits of this program for their operation and the changes for 2016, the Michael Fields Agricultural Institute (MFAI), in partnership with the Midwest Organic Sustainable Education Service (MOSES), is hosting a webinar titled “How New USDA Risk Management Tools Can Help Diversified Producers” on Monday, January 11th, 10am Central. 

Reserve your spot on this valuable and free webinar –register today! http://bit.ly/1TdXeRJ

Experts will explain the program, including some beneficial changes that RMA made for the 2016 year.

“WFRP is superior to prior whole-farm policies, which were often not cost effective and were not accessible for beginning farmers,” says one of these experts, James Robinson, Research and Policy Associate at Rural Advancement Foundation International. “Despite being a recent program, created from the 2014 Farm Bill, WFRP program participation is also increasing.”

Roxann Brixen, a Wisconsin crop insurance company employee who has helped farmers sign up for WFRP, will also explain the program’s offerings and the process for signing up.

USDA has also made significant changes to the program to ensure that producers with diversified crop and livestock enterprises have better access to the program.

MFAI’s Policy Program Director Margaret Krome notes that “There are many areas of the country that have very diversified agricultural sectors, and many producers have long wished for risk management tools that allowed them to diversify. RMA’s new Whole Farm Revenue Protection program not only allows diversification but actually increases premium subsidies for more enterprises on a farm!”

Register for the webinar here! http://bit.ly/1TdXeRJ

This webinar will help producers explore and answer questions such as:

  • What crops and livestock enterprises does Whole Farm Revenue Protection insurance cover? How much revenue does it cover?
  • How much does it cost?
  • What’s the deadline for signing a contract for the 2016 year? What yield or income records are required?
  • And many more, including RMA’s changes to WFRP for 2016!

Michael Fields Agricultural Institute is a non-profit organization with the mission to nurture the ecological, social and economic resiliency of food and farming systems through education, research, policy, and market development.