Whole-Farm Revenue Protection

Sales Closing, Cancellation, and Termination Dates

Calendar Year and Early Fiscal Year Filers.............
January 31, February 28, or March 15 (by county).
Late Fiscal Year Filers ……..…..…..November 20

Revised Farm Operation Report Dates

All Filers .........................................……….July 15

Contract Change Date .....................…..…….August 31

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

WFRP 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
• All commodities on the farm except timber, forest, and forest products; and animals for sport, show, or pets.

The policy also provides replant coverage:

• For annual crops, except Industrial Hemp and those covered by another Federal crop insurance policy;
• Equal to the cost of replanting up to a maximum of 20 percent of the expected revenue multiplied by your coverage level; and
• When 20 percent or 20 acres of the crop needs to be replanted. 

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.

The number of commodities produced on the farm are counted using a calculation that determines the amount of premium rate discount you will receive due to farm diversification; and

The subsidy amount:

• Farms with 2 or more commodities will receive a whole-farm premium subsidy; and
• Farms with one commodity will receive an enterprise premium subsidy. 

You can buy WFRP alone or with other Federal crop insurance policies. When you buy WFRP with another Federal crop insurance policy, at a buy-up level, the WFRP premium may be reduced due to the coverage provided by the other policy. If you have other Federal crop insurance policies at catastrophic coverage levels, your WFRP premium will not be reduced.

WFRP “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;
• Information regarding growth of the farm; and
• The coverage level you choose (50-85 percent) multiplied by the approved revenue is the insured revenue amount.

Eligibility for WFRP 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 $17 million in insured revenue, which is the farm revenue allowed to be insured under the policy multiplied by the coverage level you select (see table above)
  • Coverage of expected revenue from animals and animal products, excluding aquaculture commodities, is limited to $2 million;
  • Coverage of expected revenue from greenhouse and nursery, excluding aquaculture commodities, is limited to $2 million;
• Have no more than 50 percent of total revenue from commodities purchased for resale;
• Meet the diversification requirements of the policy by having two or more commodities if a commodity you are raising has revenue protection or actual revenue history insurance available; and
• Meet the diversification requirements of the policy by having two or more commodities if there are potatoes on the farm.

There are certain documents you must provide to your crop insurance agent to get Whole-Farm Revenue Protection insurance. For the Whole-Farm History Report you must provide:

• 5 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 2018-2022 are required except:
  • If you qualify as a Beginning or Veteran Farmer or Rancher (BFR/VFR) or qualified as a BFR/VFR in the previous year under our procedures, you may qualify with 3 consecutive years (4 years if qualified the previous year) of Schedule F or other farm tax forms if you also farmed during the past year (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 2020-2022 (2019-2022 if qualified as a BFR/VFR the previous year) are required and you also must have farmed during 2023;
  • If you were physically unable to farm for 1 of the 5 required historic years but were farming the past year, you may qualify; or
  • If you are a tax-exempt entity (such as a Tribal entity) and have acceptable third-party records available that can be used to complete Substitute Schedule F tax forms for the 5-year history.
• Information supporting expansion if you want the farm to be considered as an expanding operation due to the farm operation physically expanding last year or the coming year, including increased acres, added equipment such as a greenhouse, new varieties or planting patterns, or anything else that expands production capacity (other than just a change in price); and
• Any supporting information required, including other signed tax forms, to show the farm tax forms are accurate and were filed with the IRS.

Claims are settled after taxes are filed for the policy year. A loss under the WFRP policy occurs when the WFRP revenue-to-count for the insured tax year falls below the WFRP 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 insurance period that have not yet been harvested or sold; and
• Any other adjustments required by the policy such as those from uninsured causes of loss.

 You can buy Whole-Farm Revenue Protection from a crop insurance agent by the sales closing date shown for each county in the actuarial documents at: AIB Landing Page (usda.gov). A list of crop insurance agents is available at all USDA service centers and on the RMA website at: www.rma.usda.gov/Information-Tools/Agent-Locator.