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    New Crop Insurance Option for Diversified Operations: Whole Farm Revenue Protection

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    Whole Farm Crop Ins_FS.pdf (957.8Kb)
    No. of downloads: 927

    Date
    2015-02
    Author
    Goeringer, Paul
    Leathers, Howard
    DRUM DOI
    https://doi.org/10.13016/M2SS47
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    Abstract
    The 2014 Farm Bill authorized USDA’s Risk Management Agency (RMA) to develop a new type of revenue insurance product, Whole-Farm Revenue Protection (WFRP). WFRP provides a risk management tool for all commodities on farms with up to $8.5 million in insured revenue. WFRP is not intended for one specific crop, like corn, wheat, or soybeans like traditional revenue and yield insurance products, but is intended to cover all crops and livestock grown on a farm. This new product will replace the Adjusted Gross Revenue (AGR) and Adjusted Gross Revenue-Lite policies.
    Notes
    The 2014 Farm Bill authorized USDA’s Risk Management Agency (RMA) to develop a new type of revenue insurance product, Whole-Farm Revenue Protection (WFRP). WFRP provides a risk management tool for all commodities on farms with up to $8.5 million in insured revenue. WFRP is not intended for one specific crop, like corn, wheat, or soybeans like traditional revenue and yield insurance products, but is intended to cover all crops and livestock grown on a farm. This new product will replace the Adjusted Gross Revenue (AGR) and Adjusted Gross Revenue-Lite policies.
    URI
    http://hdl.handle.net/1903/16317
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    DRUM is brought to you by the University of Maryland Libraries
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