Organic and aquaculture producers can soon benefit from updates to the USDA Whole-Farm Revenue Protection plan. USDA’s Risk Management Agency is revising the plan of insurance to make it more flexible and accessible to producers beginning in crop year 2022.
“These improvements to the Whole Farm Revenue Protection program will make it a better risk management tool for producers,” says RMA Acting Administrator Richard Flournoy. “USDA is committed to equity in program delivery, and this includes specialty crop, organic, and aquaculture producers, who will benefit from these enhancements to WFRP.”
Changes to WFRP include:
increasing expansion limits for organic producers to the higher of $500,000 or 35 percent;
increasing the limit of insurance for aquaculture producers to $8.5 million
allowing a producer to report acreage as certified organic, or as acreage in transition to organic, when the producer has requested an organic certification by the acreage reporting date;
and providing flexibility to report a partial yield history for producers lacking records by inserting zero yields for missing years.