The Whole Farm Revenue Protection Experts From Quoting Through Claims!

WFRP provides a risk management safety net for all commodities on the farm under one insurance policy. This insurance plan is tailored for any farm with up to $8.5 million in insured revenue, including farms with specialty or organic commodities to include livestock, or those marketing to local, regional, farm-identity preserved, specialty or direct markets. The amount of revenue that can be covered with a WFRP insurance policy is the lower of the revenue expected on your current year’s farm plan or the five-year historic income adjusted for growth.

WFRP insurance provides coverage against the loss of revenue that you expect to earn, or will obtain from commodities you produce or purchase for resale during the insurance period under your one insurance policy.

Availability

WFRP is available in all 50 states and all counties within each state. The Sales Closing Deadline will align with the spring crops for the applicable county, January 31, February 28 or March 15.

Additional Enhancements

  • Coverage levels from 50-85 percent to fit the needs of more farming and ranching operations.
  • Replant coverage for annual crops.
  • The ability to consider market readiness of costs as part of the insured revenue and expenses.
  • A timeline for farming operations that operate as fiscal year filers.
  • Streamlined underwriting procedures based on the forms used for WFRP.

WFRP Subsidies Through Diversification

The subsidy for WFRP makes it a very affordable policy. Where the amount of subsidy is based on the commodity count calculation indicating the amount of farm level diversification of revenue that a farming operation has.

Coverage Level


50%


55%


60%


65%


70%


75%


80%


85%


Basic Subsidy-Qualifying Commodity Count: 1


67%


64%


64%


59%


59%


55%


N/A


N/A


Whole-Farm Subsidy-Qualifying Commodity Count: 2


80%


80%


80%


80%


80%


80%


N/A


N/A


Whole-Farm Subsidy-Qualifying Commodity Count: 3 or more


80%


80%


80%


80%


80%


80%


71%


56%


What Information Is Needed

  • Five (5) years of historic farm tax records except:
    • Beginning Farmer or Rancher qualified insureds may qualify for fewer years: or,
    • If unable to physically farm for one of the required (5) five historic years; or
    • Tax exempt entities.
  • A farm plan for the year to show what commodities planned to be produced and how much of each will be produced.
  • Farm marketing records are acceptable records for direct market commodities.
  • Summaries of coverage for any individual insurance policies that have been purchased.
  • An inventory of commodities, accounts receivable or accounts payable, if applicable.

QBE NAU has made dedicated efforts in all facets of our team to become the Whole Farm Revenue Protection experts, providing you with the most knowledgeable staff in the industry. We have implemented a structure to ensure there are specialized staff members in the fields of Underwriting, Marketing and Claims so the American Farmer can rest easy knowing they are in the best hands.

Training Materials

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Forms