January 23, 2015
ICYMI – On Wednesday January 21, the National Sustainable Agriculture Coalition (NSAC), the National Center for Appropriate Technology (NCAT), and the Rural Advancement Foundation International (RAFI-USA) presented a national webinar on the Risk Management Agency’s new Whole-Farm Revenue Protection (WFRP) insurance policy, a new risk management product designed for diversified farms.
Crop insurance specialists with each organization presented during the webinar on different aspects of WFRP. The webinar covers the differences between WFRP and its predecessor products, the application and claims process, mid-west and specialty crop farm examples, and the diversification premium discount.
The presenters also talk about the benefits of the policy and the factors producers need to weigh when considering this product.
The webinar runs just over an hour including a question and answer period and will continue to be hosted on the National Sustainable Agriculture Information Service’s (ATTRA) YouTube channel.
What is Whole Farm Revenue Protection
WFRP, unlike traditional yield or revenue insurance, is not intended for a single specific crop, but for all the crops and livestock grown or raised on a single farm. This will especially help diversified sustainable and organic farms that do not have single crop policies or price elections available for one or more of the crops grown.
The new WFRP policy is available for purchase for the 2015 insurance year.