Duane Johnson Insurance
Harrisburg, SD
Harrisburg, SD
Whole Farm Revenue Protection (WFRP)
Whole Farm Revenue Protection works like an umbrella policy, as it provides producers with risk management protection for all commodities on the farm under one insurance policy. It includes specialty or organic commodities (both crops and livestock), or those marketing to local, regional, farm-identity preserved, or direct markets.
This plan of insurance provides protection against loss or revenue that you expect to earn from commodities produced OR purchased for resale during the insurance period, based on your schedule F tax form. There is no lapse of coverage between insurance years for carryover insureds.
Loss of revenue in the current insurance year resulting from damage to insured commodities or price fluctuations that occurred in the previous insurance year, are covered. This product really shines on a highly diversified farm! WFRP can be bought alone or with a YP or RP policy. When bought together, the WFRP premium is reduced, making this a very affordable option.
This plan of insurance provides protection against loss or revenue that you expect to earn from commodities produced OR purchased for resale during the insurance period, based on your schedule F tax form. There is no lapse of coverage between insurance years for carryover insureds.
Loss of revenue in the current insurance year resulting from damage to insured commodities or price fluctuations that occurred in the previous insurance year, are covered. This product really shines on a highly diversified farm! WFRP can be bought alone or with a YP or RP policy. When bought together, the WFRP premium is reduced, making this a very affordable option.
This video will help explain Whole Farm Revenue Protection. If you're not familiar with it, it's an option that every type of farmer should at least know about. You could be missing out on coverage that could benefit your operation greatly. Watch the video, and if you have more questions about WFRP, or want to know how to proceed, then, we'll set up a time to discuss your options.
|
|
|
There are a lot of crop insurance options out there, and they can change from year to year. Let's find the right crop insurance plan for you.