Our Whole-Farm Revenue Protection Services

What is Whole-Farm Revenue Protection (WFRP)?

Whole-Farm Revenue Protection (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 (both crops and livestock), or those marketing to local, regional, farm-identity preserved, specialty, or direct markets. 
Watermelon Fields — Raleigh, NC — Agribusiness Crop Insurance

Causes of Loss

Strawberry Farm Landscape — Raleigh, NC — Agribusiness Crop Insurance
WERP provides protection against the loss of insured revenue due to an unavoidable natural cause of loss that occurs during the insurance period and will also provide carryover loss coverage if you are insured the following year.

Availability Whole-Farm Revenue Protection is available in all counties in all 50 states.

Causes of Loss

WERP provides protection against the loss of insured revenue due to an unavoidable natural cause of loss that occurs during the insurance period and will also provide carryover loss coverage if you are insured the following year. See the policy for a list of covered causes of loss.

Reporting Requirements
Revenue Losses - You must submit a notice of loss within 72 hours after discovery that revenue for the insurance year could be below the insured revenue. Inspections may be required for losses. You must have filed farm taxes for the insurance year before any claim can be made. You must make claims no later than 60 days after the date you submit farm tax forms to the Internal Revenue Service (IRS). Claim payments for a revenue loss under WFRP are paid within 30 days after the determination of a payment due as long as you are in compliance with the policy.

Coverage

WERP 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 those covered by another policy;
  • Equal to the cost of replanting up to a maximum of 20 percent of the expected revenue; and
  • When 20 percent or 20 acres of the crop needs to be replanted.


The approved revenue amount is determined on your Farm Operation Report and is the lower of the expected revenue or your whole-farm historic average revenue. Coverage levels range from 50 percent to 85 percent. Catastrophic Risk Protection (CAT) coverage is not available.


The number of commodities produced on the farm are counted using a calculation that determines:

  • If the farm has the diversification needed to qualify for the 80 and 85 percent coverage levels (there is a three commodity requirement);
  • The amount of premium rate discount you will receive due to farm diversification; and
  • The subsidy amount. Farms with 2 or more commodities will receive a whole-farm subsidy and farms with one commodity will receive a basic subsidy.


You can buy WFRP alone or with other buy-up level (additional) Federal crop insurance policies. When you buy WFRP with another policy, the WFRP premium is reduced due to the coverage provided by the other policy. If you have other Federal crop insurance policies at catastrophic coverage levels you do not qualify for WFRP.