Micro Farm Program

Sales Closing, Cancellation, & Termination Dates
Calendar Year and Early Fiscal Year Filers.......
February 28, March 15, or April 15 (by county).

Late Fiscal Year Filers.......November 20

Revised Farm Operation Report Dates
All Counties…………………………………… July 15
Contract Change Date………………………… August 31

Talk to your crop insurance agent about the dates that apply for your county.

Eligibility for Micro Farm coverage requires you to:

• Be eligible to receive Federal benefits;
• Be a U.S. citizen or resident;
• File either a Schedule F tax form or other farm tax form that can be converted to a Substitute Schedule F for a specified number of years (see “Information You Provide” below);
• Have no more than $350,000 of approved revenue (or $400,000 if you had Micro Farm the previous year);and
• Have no more than 50 percent of total revenue from commodities purchased for resale.

Micro Farm protects your farm against the loss of farm revenue that you earn or expect to earn from:

• All commodities on your farm except timber, forest, and forest products; and animals for sport, show, or pets;
• Commodities you produce during the insurance period, whether they are sold or not; and
• Commodities you buy for resale during the insurance period.

Micro Farm “insured revenue” is the total amount of insurance coverage provided by this policy. Your crop insurance agent and Approved Insurance Provider determine the farm’s “approved revenue” using the following information:

• Whole-Farm History Report;
• Farm Operation Report; and
• The coverage level you choose (50-85 percent) multiplied by the approved revenue is the insured revenue amount.

The approved revenue amount is determined on your Farm Operation Report and is the lower of the expected revenue or your whole-farm historic average revenue. Coverage levels range from 50 percent to 85 percent. Catastrophic Risk Protection (CAT) coverage is not available.

There are certain documents you must provide to your crop insurance agent to get Whole-Farm Revenue Protection insurance:

• A Whole-Farm History Report with a minimum of 3 consecutive years of Schedule F or other farm tax forms (it must be possible to complete a Substitute Schedule F form if you filed farm tax forms other than Schedule F). For the 2024 policy year, tax forms from 2021-2023 are required.
  • If you have not yet filed taxes for the most recent tax year, a Substitute Schedule F must be submitted for that year.
  • If you are a tax-exempt entity (such as a Tribal entity) and have acceptable third-party records available, those can be used to complete Substitute Schedule F tax forms.
• A Farm Operation Report containing information on your farm operation for the current insurance period.
• Any supporting information required, including other signed tax forms, to show the farm tax forms are accurate and were filed with the IRS.

You must have filed farm taxes for the policy year before any claim can be made and you must make claims no later than 60 days after the date you submit farm tax forms to the Internal Revenue Service (IRS). Claim payments for a revenue loss under Micro Farm are paid within 30 days after the determination of a payment due as long as you are in compliance with the policy.

Claims are settled after taxes are filed for the policy year. A loss under the Micro Farm policy occurs when the revenue-to-count for the insured tax year falls below the insured revenue. Revenue-to-count for the insured tax year is:

• Revenue from the tax form that is “allowable revenue” according to the policy;
• Adjusted by excluding inventory from commodities sold that were produced in previous years;
• Adjusted by including the value of commodities produced during the tax year that have not yet been harvested or sold; and
• Any other adjustments required by the policy such as those from uninsured causes of loss.