The WFRPP was created out of the 2014 Farm Bill, which required that the USDA Risk Management Agency (RMA) provide a whole-farm crop insurance option. The Micro-WFRPP is intended to provide the same type of whole-farm crop insurance, but for producers that generate under $350,000 of approved revenue. (In contrast, producers participating in the WFRPP may generate up to $17 million of insured revenue).
These programs provide coverage for all crops on a farm under one policy, rather than insuring commodity by commodity.
The ‘Revenue Guarantee’ for these programs is based upon a grower’s history.
To qualify for these programs, you must be:
Covers loss from:
FAQ: What type of record-keeping is required to participate in the WFRPP or the Micro-WFRPP? You must have 5 consecutive years of filing a Schedule F or similar tax form to qualify for the WFRPP. To qualify for the Micro-WFRPP, you only need to show 3 consecutive years of filing a Schedule F or similar tax form.
FAQ: Compared to the WFRPP, how does the Micro-WFRPP reduce the amount of record keeping and documentation producers need to submit to qualify for this crop insurance. To qualify for the WFRPP, you must also provide sales receipts or other documentation to demonstrate the pricing you’re selling each of your crops/commodities. However, under the Micro-WFRPP, you are not required to submit this additional documentation of your pricing since this program does not assign individual pricing for individual crops.
FAQ: When do I need to apply for WFRPP or Micro-WFRPP? Those applying for the WFRPP by calendar year, need to apply by March 15th each year. The deadline for the Micro-WFRPP applying by the calendar year is April 15th each year. Those applying by fiscal year for either the WFRPP or Micro-WFRPP, must apply by November 20th each year.
FAQ: What type of premium subsidy will I receive? Premium subsidies levels vary by coverage level. All farms insured with the Micro-WFRPP receive a whole-farm premium subsidy.
FAQ: How many commodities do I need to grow to qualify for the WFRPP or Micro-WFRPP? To participate in the WFRPP at the 80% to 85% coverage levels, you must have at least three commodities covered. However, you can participate in the Micro-WFRPP at the 50-85% coverage level, regardless of how many commodities you cover.
FAQ: When do I provide my Adjusted Gross Revenue? Growers may provide their adjusted gross revenue by calendar year or fiscal year, depending on how you file your taxes.
FAQ: When are claims finalized? Claims are finalized when taxes are filed for that year of coverage.
FAQ: Will I receive a replant payment? Replant payments are available under the WFRPP (if not already covered under a MPCI) but NOT the Micro-WFRPP.
FAQ: Can I carry Multi-Peril Crop Insurance (MPCI) and still qualify for the WFRPP and Micro-WFRPP? Yes, you can carry both of these policies and would receive a credit on your WFRPP or Micro-WFPP policies.
FAQ: Is crop insurance available for plant nursery businesses? Yes, the Nursery Commodity Insurance is available.
FAQ: How is the insurance value determined for a Nursery Commodity Insurance policy? The Nursery Plant Inventory Value is provided by USDA’s Datascape software for pricing and grower’s current inventory and pricelist.
FAQ: Can I qualify for a Nursery Commodity Insurance policy if I am a retail nursery? Yes, as long as 50% or more of your annual sales are from wholesale sales.
FAQ: What other type of crop insurance can I apply for in Hawai’i? “Underlining Policies” are crop insurance policies that can ‘stand alone’ Producers may apply for Macadamia nut, coffee, banana or papaya. These coverages are based on an approved yield, from the Growers Yield History or USDA Assigned Yields.