Whole Farm Revenue Protection vs. Adjusted Gross Revenue-Lite
WFRP will replace the existing Adjusted Gross Revenue (AGR) and Adjusted Gross Revenue-Lite (AGR-Lite) whole-farm policies. Below is a detailed comparison of the changes made in WFRP.
WFRP Policy Details:- Coverage levels up to 85 percent with an $8.5 million liability limit
- 80 percent of premium will be subsidized for coverage between 50 and 70 percent
- Provides coverage for all unavoidable natural causes (pest, weather, price loss, etc)
- Premium discounts for additional diversification up to 7 crops
- Allows post-production expenses that do not add value to the crop to be covered
- Geographic expansion of whole-farm insurance availability
WFRP Policy Details: