2014 Farm Bill Required Policy Offers Diversified Farms More Affordable Protection
WASHINGTON, Oct. 3, 2014 — The U.S. Department of Agriculture’s (USDA) Risk Management Agency (RMA) today announced that a premium subsidy has been established to offer more affordable protection to eligible diversified farm operations, as part of the new Whole-Farm Revenue Protection insurance policy.
Whole-Farm Revenue Protection, required by the 2014 Farm Bill, will be offered through the RMA managed federal crop insurance program. The new policy will offer fruit and vegetable growers and producers with diversified farms selling commodities to wholesale markets, local and regional markets, farm identity preserved markets, or direct markets, more flexible, affordable risk management coverage options.
“Crop insurance options continue to adapt to meet the farm safety net needs of today’s farmers,” said RMA Administrator Brandon Willis. “Whole-Farm Revenue Protection insurance will expand options for specialty crop, organic and diversified crop producers, allowing them to insure all the crops at once instead of one commodity at a time. That gives them the option of promoting crop diversity and helps support the production of a wider variety of healthy foods.”