Federal crop insurance programs, administered by USDA/RMA, cover a wide range of production and/or market perils for 100+ crops ranging from alfalfa seed to livestock prices to wheat. Coverage varies by state, with each state’s most widely produced commodities typically having crop insurance coverage available for purchase.
What are the leading programs in your state? Use the following look-up tool to discover the most commonly covered crops in your state.
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Risk management is a never-ending challenge for producers, who must adapt their risk management strategies to changing production factors and market trends. RMA, recognizing the risk management challenges faced by producers, regularly evaluates the efficacy of existing crop insurance programs. As needed, RMA modifies existing programs and also works with producer groups and commodity experts to develop new crop insurance programs to better meet producers needs. Some relatively new and/or unique programs include the following:
Dairy Revenue Protection (DRP)
Dairy Revenue Protection is an area-based Federal crop insurance product that provides quarterly revenue coverage for dairy farmers. DRP provides insurance for the difference between the revenue guarantee and actual milk revenue if prices or revenues decline. It also provides a greater choice of price risk management features, providing the ability to protect the value of milk based on the value of cheese to fresh milk, protein or butterfat. For additional DRP details, please visit RMA’s DRP FAQ Page.
Livestock Risk Protection (LRP)
The Livestock Risk Protection (LRP) allows livestock producers to insure against a decline in market prices. LRP is available across a range of coverage levels for producers of feeder cattle, fed cattle, lamb, and swine. The program For additional details about LRP, visit the RMA website.
Pasture, Rangeland, Forage (PRF)
The Pasture, Rangeland, Forage (PRF) Pilot Insurance Program is designed to provide insurance coverage on pasture, rangeland, or forage acres. The PRF program, available in 48 states, utilizes a rainfall index to determine precipitation for coverage purposes, and does not measure production or loss of products themselves. The Rainfall Index uses National Oceanic and Atmospheric Administration Climate Prediction Center (NOAA CPC) data, which utilizes a grid system to determine precipitation amounts within an area. Each grid is 0.25 degrees in latitude by 0.25 degrees in longitude, which translates to approximately 17 by 17 miles at the equator. Acres will be assigned to one or more grids based on the location to be insured. PRF insurance was designed to help protect a producer’s operation from the risks of forage loss due to the lack of precipitation. It is not designed to insure against ongoing or severe drought, as the coverage is based on precipitation expected during specific intervals only.For additional PRF details, please visit RMA’s PRF FAQ Page.
Whole Farm Revenue Protection (WFRP)
Whole-Farm Revenue Protection provides a risk management safety net for all commodities on a farm under one insurance policy and is available in all counties nationwide. WFRP is tailored for farms with up to $8.5 million in insured revenue, including farms with specialty or organic commodities (both crops and livestock), or those marketing to local, regional, farm-identity preserved, specialty, or direct markets. WFRP provides protection against the loss of insured revenue due to an unavoidable natural cause of loss which occurs during the insurance period and will also provide carryover loss coverage if you are insured the following year. The program is especially well suited for well-diversified farms, offering higher coverage levels and lower premiums for diversified operations. For additional WFRP details, please visit RMA’s WFRP FAQ Page.
RMA strives to provide effective crop insurance programs that meet producers’ needs. In some cases, coverage may not be available in a given state or county for a given crop or cropping practice (e.g., organic production practices). In these cases, producers can work with a local crop insurance agent to obtain coverage via alternate methods, including Written Agreements.