Whole-Farm Revenue Protection
Whole-Farm Revenue Protection (WFRP) is a form of MPCI that covers all commodities on a farm under one policy, ensuring combined revenue protection. This plan is for farms with insured revenues below $8.5 Million and is perfect for diverse operations that sell in specialty, local, or organic markets. WFRP protects your farm against a loss in farm revenue that you expect to earn from:
Commodities you produce during the insurance period, whether they are sold or not.
Commodities you buy for resale during the insurance period.
All commodities except timber, forest products, and animals for sport or pets.
Replant Coverage is also provided under WFRP. A minimum number of commodities is required for diversification and certain coverage levels. Essentially, commodities must contribute a sizable amount to the overall farm revenue to count towards diversification.