Crop insurance has changed as farming practices and products have changed. As the nation’s premiere farm safety net, crop insurance now covers more crops and more counties than ever. Many beginning farmers and ranchers may not be familiar with crop insurance, and recent incentives such as reduced premiums and new coverage options to help them continue to be the future of agriculture. Specifically, expansions for Whole-Farm Revenue (WFRP) open the doors for new farmers, as well as many small, diversified and organic farms. The changing landscape has heightened the need to understand risk management tools and resources to assist farmers in successfully implementing effective risk mitigating strategies.
Learn about the new Whole-Farm Revenue Protection insurance product that is available nationwide for producers and provides revenue protection for the entire farm under one policy and covers both crops and livestock. It is suited for diversified farms, including farms with specialty or organic commodities (both crops and livestock), or those marketing to local, regional, farm-identity preserved, specialty, or direct markets. It is the first Federal crop insurance program to be available nationwide. WFRP allows producers to insure their organic commodities at organic prices reflective of the market where they sell the products.
|Conference||2017 Extension Risk Management Education National Conference|
|Presentation Type||30-Minute Concurrent|