Whole Farm Revenue Protection (WRRP)
WFRP is a crop insurance program offered by the United States Department of Agriculture (USDA) through the Risk Management Agency (RMA). It is designed to provide comprehensive coverage if you generate revenue from multiple commodities or diversified farming operations.
What is Whole Farm Revenue Protection (WFRP)?
WFRP protects against the loss of revenue due to natural disasters, market fluctuations, or other unforeseen events that may impact your operation’s overall profitability. It takes into account the revenue generated from all commodities produced, including crops, livestock, and aquaculture.
WFRP uses historical revenue data to establish a revenue guarantee, which is the amount of revenue you are expected to generate in a typical year. If your actual revenue falls below this guarantee due to an insurable cause, you may be eligible for an indemnity payment.
When securing WFRP coverage from MOMENTUM AG, you gain access to expert insurance agents who work closely with you to determine your specific needs.
What are the benefits of WFRP?
Because of the flexibility in coverage levels, you can choose the level of protection that suits your needs. The coverage also provides options for adjusting the revenue guarantee based on changes in production practices or market conditions.
Whole Farm Revenue Protection (WRRP) FAQ
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Comprehensive Coverage
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Covers the entire farming operation, including all commodities produced. So, if you have a diversified operation or generate revenue from multiple sources, you can protect your entire income stream.
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Risk Management
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Helps you manage the risks associated with unpredictable events such as natural disasters, market fluctuations, or unexpected yield losses.
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Flexibility
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Offers flexibility in terms of coverage levels, allowing you to choose the level of protection that suits your specific needs.
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Revenue Guarantee
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Establishes a revenue guarantee based on historical farm revenue data. It helps you plan and make informed decisions about your operation.
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Adjustments for Changes
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Allows you to adjust your revenue guarantee based on changes in production practices or market conditions. This flexibility ensures that the coverage remains relevant and reflective of your current operation.
Connect with an Agent
Call 866-878-7133 to speak with an agent or complete the form below for more information.