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U.S. Department of Agriculture introduces new insurance option specifically for agricultural producers with small farms who sell locally

IOWA – According to the state officials, the new Micro Farm policy simplifies record keeping and covers post-production costs like washing and value-added products. 

Officials say that the new policy is based on research directed by the 2018 Farm Bill.

It also includes feedback from producers who grow for their local communities.

The policy will be available beginning with the 2022 crop year. 

The new policy is offered through Whole-Farm Revenue Protection and it has distinct provisions that can provide more access to the program.

The Micro Farm policy is available to producers who have a farm operation that earns an average allowable revenue of $100,000 or less, or for carryover insureds, an average allowable revenue of $125,000 or less.

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