Whole Farm Revenue Protection (WFRP) and Micro Farm

Whole Farm Revenue Protection (WFRP) and Micro Farm

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 $17 million in insured revenue, including farms with specialty or organic commodities (both crops and livestock), or those marketing to local, regional, farm-identity preserved, specialty, or direct markets. Similar to WFRP, Micro Farm provides the same protection on a smaller scale. Micro Farm is tailored for any farm with up to $350,000 in approved revenue or $400,000 for a carryover insured.

WFRP and Micro Farm insurance provides coverage against the loss of revenue that your insured expects to earn or will obtain from commodities they produce or purchase for resale during the insurance period under one insurance policy.

Availability

WFRP is available in all 50 states and counties within each state. For calendar year filers and fiscal year filers with a fiscal year beginning August 1 or earlier, sales closing dates are the same as other spring crops sales closing dates applicable for your county (Jan. 31, Feb. 28, or Mar. 15). For fiscal year filers with a fiscal year beginning September 1 or later, the sales closing date is November 20. Check the actuarial documents to see what dates apply in your county.

WFRP subsidies through diversification

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

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 years of historic farm tax records, and expected revenue worksheets for each year, except:
    • Micro Farms, and Veteran or Beginning Farmer or Rancher qualified insureds may qualify with fewer years.
    • If unable to physically farm for one of the required five historic years, but was farming the past year, the insured will need the four years of tax records that they have, and they must have earned farm revenue for the last year (the year previous to the insurance year).
    • Tax-exempt entities will need acceptable third-party records that can be used to complete Substitute Schedule F tax forms for the five-year history.
  • An Expected Value and Yield Documentation Certification Worksheet. Part 3 must be completed for Micro Farms policies.
  • A Farm Operation report for the year to show what commodities and how much of each are planned to be produced and expected revenue. Some of the historic records may be needed to assist with determining expected yields and prices. If they raise organic commodities, we will need their organic certificate and we may need to consult their organic plan.
  • MPCI Average Yields and summaries of coverage for any individual insurance policies that have been purchased.
  • A Yield and Revenue Report certifying acreage and production for the most recent four years (if available) used to determine the expected yield for any commodities without underlying MPCI, plus verifiable records if requested by NAU Country.
  • Farm marketing records are acceptable records for direct market commodities.
  • Beginning Inventory and Accounts Receivable Reports.
  • Market Animal and Nursery Inventory/Accounting Worksheet (if applicable).
  • A Pre-Acceptance Worksheet or applicable Underwriting Report for perennial commodities.

NAU Country has made dedicated efforts in all facets of our team to become the Whole Farm Revenue Protection and Micro Farm 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

Resources

Forms