There’s a new crop insurance option now available for diversified farmers – Whole Farm Revenue Insurance –and a recent national webinar will help farmers understand whether it’s right for them.
The National Center for Appropriate Technology (NCAT), the National Sustainable Agriculture Coalition (NSAC) and the Rural Advancement Foundation International (RAFI-USA) held a webinar on January 21, 2015, at 3:00 pm eastern to discuss the Risk Management Agency’s new Whole Farm Revenue Protection (WFRP) insurance policy.
The webinar featured presentations from all three organizations on what WFRP is, how it works, and which farmers it may work for. The presenters also took questions about the policy.
About the presenters:
Paul Wolfe, Policy specialist with NSAC, talks about the history of whole farm insurance and the differences between WFRP and the AGR and AGR-Lite.
Jeff Schahczenski, Agriculture Policy and Funding Research Director with NCAT, talks about the WFRP application process and cover examples of how Mid-Western farms could use WFRP.
James Robinson, a Research and Policy Associate with RAFI-USA, talks about the claims process and the potential benefits of WFRP for specialty crop growers.
This new WFRP policy replaces the AGR and AGR-Lite policies which provided much less coverage than the new WFRP, and is meant to cover all of a farmer’s crop and livestock insurance needs under one policy.
The new product will be available for the coming crop year in most of the United States except for the states of Texas, Oklahoma, Arkansas, Louisiana, Mississippi and some counties in California.