Whole Farm Revenue Pilot Program (WFRP) is a whole farm insurance product that provides producers with revenue protection over all of their commodities on the farm, including animals and animal products. It insures against loss of revenue due to unavoidable natural causes that occur during the insurance period. Coverage is based on the lower of a farmer’s average expected revenue using the five most recent consecutive tax years or the expected revenue for the current crop year. Losses are based on whether the revenue of commodities produced during the insurance year falls below the insurance guarantee. WFRP could be a good opportunity for farmers that produce uninsurable commodities or specialty crops, such as hay or fruits and vegetables, to cover their revenue.
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