Whole-Farm Revenue Protection (WFRP)

 Whole-Farm Revenue Protection (WFRP) 

 

What is this program?

Whole-Farm Revenue Protection (WFRP) provides a risk management safety net for all commodities on the farm under one insurance policy and is available in all counties nationwide. 

 

How can I use this program?

WFRP protects your farm against the loss of farm revenue that you earn or expect to earn from:

• Commodities you produce during the insurance period, whether they are sold or not;
• Commodities you buy for resale during the insurance period; and
• All commodities on the farm except timber, forest, and forest products; and animals for sport, show, or pets.

The policy also provides replant coverage:

• For annual crops, except Industrial Hemp and those covered by another Federal crop insurance policy;
• Equal to the cost of replanting up to a maximum of 20 percent of the expected revenue multiplied by your coverage level; and
• When 20 percent or 20 acres of the crop needs to be replanted

 

Who or what is eligible and what are the eligibility requirements?

Applicants must be able to meet the following eligibility requirements:

• Be eligible to receive Federal benefits;
• Be a U.S. citizen or resident;
• File either a Schedule F tax form or other farm tax form that can be converted to a Substitute Schedule F for a specified number of years
• Have no more than $17 million in insured revenue
  • Coverage of expected revenue from animals and animal products, excluding aquaculture commodities, is limited to $2 million;
  • Coverage of expected revenue from greenhouse and nursery, excluding aquaculture commodities, is limited to $2 million;
• Have no more than 50 percent of total revenue from commodities purchased for resale;
• Have ‘buy-up’ coverage levels on any Federal crop insurance plans if you choose to purchase them in addition to the WFRP insurance plan;
• Meet the diversification requirements of the policy by having two or more commodities if a commodity you are raising has revenue protection or actual revenue history insurance available; and
• Meet the diversification requirements of the policy by having two or more commodities if there are potatoes on the farm.

If you have other Federal crop insurance policies at catastrophic coverage levels, you do not qualify for WFRP.

 

Are there any deadlines?

• You must apply by the sales closing date shown for each county in the actuarial documents at Crop Criteria (usda.gov)
• You must submit a notice of loss within 72 hours after discovery that revenue for the policy year could be below the insured revenue. 
• You must make claims no later than 60 days after the date you submit farm tax forms to the Internal Revenue Service (IRS). 

 

Is there anything else I should know?

• The insurance period is either a calendar year or fiscal year, depending on how your taxes are filed
• Inspections may be required for losses
• Claim payments for a revenue loss are paid within 30 days after the determination of a payment due as long as you are in compliance with the policy.
• You can buy WFRP alone or with other buy-up level (additional coverage) Federal crop insurance policies. When you buy WFRP with another Federal crop insurance policy, the WFRP premium is reduced due to the coverage provided by the other policy.

 

How do I apply?

You can buy Whole-Farm Revenue Protection from a crop insurance agent. A list of crop insurance agents is available at all USDA service centers and on the RMA Agent Locator.

When applying for WFRP, you will need to provide the following to your crop insurance agent:

• 5 consecutive years of Schedule F or other farm tax forms

• Information supporting expansion if you want the farm to be considered as an expanding operation due to the farm operation physically expanding last year or the coming year, including increased acres, added equipment such as a greenhouse, new varieties or planting patterns, or anything else that expands production capacity (other than just a change in price); and
• Any supporting information required, including other signed tax forms, to show the farm tax forms are accurate and were filed with the IRS.

 

 

 

Page last updated: May 2, 2023