Access to Whole-Farm Revenue Protection and Micro Farm Broadened by USDA

USDA announced that it is making Whole-Farm Revenue Protection (WFRP) and Micro Farm, two of its most comprehensive risk-management programs, accessible to more producers. The maximum insurable revenue under WFRP is being doubled to $17 million, and the eligibility limit for Micro Farm is being more than tripled, to $350,000. In addition, paperwork requirements for WFRP are being reduced. Producers will be able to report and self-certify yield at the beginning of the year for commodities without other insurance options, in a way similar to those with individual crop policies. Also, expense reporting is being eliminated. WFRP will reduce the expected revenue of commodities a producer is unable to plant to 60%, similar to prevented planting for other programs. The updates to WFRP and Micro Farm take effect in crop year 2023.