What does the Whole Farm Revenue Protection (WFRP) program protect against?

Whole Farm Revenue Protection (WFRP) is designed to safeguard a farm's overall revenue rather than focusing solely on individual crop yields or specific perils like pest infestations and weather-related issues. This program is particularly beneficial for diversified farms, as it ensures that revenue is protected across all commodities produced, allowing farmers to manage their financial risk more effectively.

WFRP covers revenue losses that can arise from various sources, including price fluctuations, market demand changes, and unexpected production challenges. The intent is to provide a holistic protection mechanism for a farm’s total revenue, which encourages farmers to maintain a diverse array of crops or products. This comprehensive coverage is a crucial aspect of WFRP, as many farms face revenue declines due to a combination of factors rather than just isolated incidents like a decline in yield or specific pests or weather elements.