In recent months, encouraging changes have been made to two crop insurance programs, Whole Farm Revenue Protection (WFRP) and Micro Farm. The improvements will increase accessibility to risk management for thousands of producers nationwide.
WFRP is a unique crop insurance program often best fit for diversified operations, and Micro Farm is a subprogram designed for small operations. Interested producers and stakeholders can learn about the latest updates to these insurance options during online workshops in the coming months.
Sponsored by the U.S. Department of Agriculture’s Risk Management Agency (RMA), the final two offerings of the virtual “RMA Roadshow” will be at 10 p.m. CT, Tuesday, Nov. 15—to accommodate producers in western time zones—and 10 a.m. CT, Tuesday, Dec. 13.
The events will feature presentations directly from RMA experts on the programs and remarks from RMA Administrator Marcia Bunger. Attendees will also have ample time to ask written questions during the event.
Recent improvements to the programs include:
- Doubling the maximum insurable revenue under WFRP, now up to $17 million.
- More than tripling the size of farm operations eligible for Micro Farm to $350,000 in approved revenue.
- Reducing paperwork requirements for WFRP.
Managing risk is an essential part of a successful agricultural operation, no matter its size. The Center supports these programs, and their improvement, because they provide crop insurance options to a wide range of operations, including diversified, small, specialized, and organic. These online workshops provide a great opportunity for producers to learn more and ask questions directly to RMA staff.
The workshops will be hosted via Microsoft Teams. Visit the RMA Roadshow webpage for more information and links to join the online workshops. RSVP is not required to attend. RMA is also planning to host in-person roadshow events. Dates and locations will be announced later this fall.