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

dc.contributor.authorGoeringer, Paul
dc.contributor.authorLeathers, Howard
dc.date.accessioned2015-02-27T14:33:19Z
dc.date.available2015-02-27T14:33:19Z
dc.date.issued2015-02
dc.descriptionThe 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.en_US
dc.description.abstractThe 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.en_US
dc.description.sponsorshipDepartment of Agricultural and Resource Economics, Maryland Department of Agriculture, USDA-Risk Management Agencyen_US
dc.identifierhttps://doi.org/10.13016/M2SS47
dc.identifier.urihttp://hdl.handle.net/1903/16317
dc.language.isoen_USen_US
dc.relation.isAvailableAtCollege of Agriculture & Natural Resources
dc.relation.isAvailableAtDepartment of Agricultural & Resource Economics
dc.relation.isAvailableAtCenter for Agricultural & Natural Resource Policy
dc.relation.isAvailableAtDigital Repository at the University of Maryland
dc.relation.isAvailableAtUniversity of Maryland (College Park, Md)
dc.subjectWhole Farmen_US
dc.subjectCrop Insuranceen_US
dc.subjectUSDAen_US
dc.subjectAGRen_US
dc.subjectAGR-Liteen_US
dc.subjectWhole Farm Revenueen_US
dc.titleNew Crop Insurance Option for Diversified Operations: Whole Farm Revenue Protectionen_US
dc.typeArticleen_US
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