USDA announces availability of new Whole-Farm Revenue Insurance Protection
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WASHINGTON, Nov. 6, 2014 - USDA's Risk Management Agency (RMA) today announced that the new Whole-Farm Revenue Protection insurance policy is now available for the 2015 crop year. The policy allows producers to insure between 50 to 85 percent of their whole farm revenue and makes crop insurance more affordable for producers, including fruit and vegetable growers and organic farmers and ranchers.
Whole-Farm Revenue Protection allows growers to insure a variety of crops at once instead of one commodity at a time.
“USDA is committed to making crop insurance available and affordable to as many producers as possible,” said RMA Administrator Brandon Willis. “Whole- Farm Revenue Protection is another example of how we're working with, and listening to, producers to create a safety net that meets their specific needs.”
The 2014 Farm Bill allowed RMA to create the whole-farm crop insurance policy. Whole-Farm Revenue Protection 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.
More information, including availability of the product, can be found on RMA's whole farm web page.
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