USDA Announces New Whole-Farm Revenue Insurance Protection

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Photo © Patty O’Brien / www.summercrowphotos.com

Earlier this month the USDA’s Risk Management Agency announced a new insurance policy available for 2015. With the Whole-Farm Revenue Insurance policy, producers have the opportunity to insure between 50 to 85 percent of their revenue.

The new policy includes a variety of coverage including expanding operations, replanting, market readiness costs and more. In addition to insurance coverage, the Whole-Farm Revenue Insurance policy will provide premium subsidies to farms with two or more commodities.

“Whole-Farm Revenue Protection allows these growers to insure a variety of crops at once,” the USDA press release explained, “instead of one commodity at a time. That gives them the option of embracing more crop diversity and helps support the production of a wider variety of foods.”

For more information visit the RMA’s full press release or the USDA’s Farm Bill webpage.

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