Industrial Hemp Crop Insurance Available Through Whole-Farm Revenue Protection
|Related ATTRA Publication:
Documentation and Recordkeeping for Whole-Farm Revenue Protection (WFRP)
USDA’s Risk Management Agency announced that coverage for hemp grown for fiber, flower, or seeds will be available under the Whole-Farm Revenue Protection (WFRP) program for crop year 2020 to producers who are in areas covered by USDA-approved hemp plans or who are part of approved state or university research pilot programs. Producers can obtain WFRP coverage for hemp now if they are part of a Section 7606 state or university research pilot as authorized by the 2014 Farm Bill. Other producers cannot obtain coverage until a USDA-approved plan is in place. A hemp producer must comply with applicable state, tribal or federal regulations for hemp production and have a contract for the purchase of the insured industrial hemp. Having THC above the compliance level will not constitute an insurable cause of loss, nor will hemp qualify for replant payments under WFRP.