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USDA set to implement Whole-Farm Revenue Protection

June 24, 2014

In late May 2014, Agriculture Secretary Tom Vilsack announced the policy, called Whole-Farm Revenue Protection, will provide flexible coverage options for specialty crop, organic and diversified crop producers. The program will be implemented in several counties across the country and will expand in availability over the next several years.
Whole-Farm insurance allows farmers to insure all crops on their farm at once, rather than insuring commodity by commodity. Traditionally, many fruit and vegetable crops have not had crop insurance programs designed for them — making it less attractive for a farmer that primarily planted a commodity crop like wheat or corn to use another part of his or her land for growing fruits and vegetables or other specialty crops. This allows farmers greater flexibility to make planting decisions on their land.

“Crop insurance has been the linchpin of the farm safety net for years and continues to grow as the single most important factor in protecting producers of all sizes from the effects of unpredictable weather,” said Vilsack. “Providing farmers the option to insure their whole farm at once gives farmers more flexibility, promotes crop diversity, and helps support the production of healthy fruits and vegetables.

As part of the pilot, Whole-Farm Revenue Protection will be available where AGR and AGR-Lite are currently offered, and will expand to other counties as data are available for underwriting and actuarial rate making. RMA will release information on the policy later this summer when it becomes available. This information will be announced on
the RMA website at www.rma.usda.gov.

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