New Whole-Farm Revenue Protection Available

Release No: RMA-15-013

Crop Insurance Deadlines Near in Idaho, Oregon and Washington

SPOKANE, Wash., Jan 26, 2015 – USDA’s Risk Management Agency (RMA) reminds farmers in Idaho, Oregon and Washington that the final date to purchase or modify federal crop insurance coverage on most 2015 spring-planted crops is approaching. Farmers can also purchase the new Whole-Farm Revenue Protection option for 2015 crops.

For 2015 spring planted onions in Idaho, Oregon, and Washington, and cabbage in Oregon and Washington, that date is February 2. The date for all other spring-seeded crops (excluding wheat in counties with fall and spring planted types) is March 16.

Whole-Farm Revenue Protection is tailored for any farm with up to $8.5 million in insured revenue, including specialty or organic commodities (both crops and livestock). The new insurance policy provides premium discount incentives for crop diversification and protection against low revenue due to unavoidable natural disasters and market fluctuations that affect income during the insurance year. Most farm-raised crops, animals, and animal products are eligible for protection. Coverage also includes replanting payments, provisions that increase coverage for expanding operations and the inclusion of market readiness costs in the coverage.

Farmers interested in purchasing the new Whole Farm Revenue Protection for 2015 also need to do so by March 16. More information, including availability of the product can be found on the RMA whole farm web page.

Farmers are encouraged to visit their crop insurance agent soon to learn specific details for the 2015 crop year. Crop insurance coverage decisions must be decided on or before the sales closing date.

Crop insurance is sold and delivered solely through private crop insurance agents. A list of crop insurance agents is available at all USDA Service Centers and online at the RMA Agent Locator. Producers can use the RMA Cost Estimator to get a premium amount estimate of their insurance needs online.

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