Your farm animals and crops are precious commodities – they are what you toil at feeding and watering and sowing and trimming and weeding, day after day until you can one day, if all goes well, harvest and sell them. That is, after all, the whole point of farming, right? But what would happen if Mother Nature unleashed her fury – in the form of floods, hail, disease, derechos, wildfire, and more? It would be sad enough to potentially lose what’s so precious to you, but then to not be able to recoup financially from these losses is another punch to the gut.
Fortunately, there is crop and livestock insurance out there that can weather the storm, so to speak. However, most crop insurance out there is geared towards large-scale farming operations.
So what’s a small-scale, diversified farmer to do to protect what’s most valuable to them? Whole Farm Revenue Protection (WFRP) program is a type of crop insurance that is tailor-made for the small-scale, diversified farm operation. Our free resource, Farm Insurance Basics, provides a helpful basic overview on the WFRP program.
Our resource, Managing Farm Risks With Insurance, explores crop damage and livestock loss and the options available for small, diversified farmers, and also provides tips for talking with insurance agents about finding the right crop and livestock insurance products for these unique operations. Managing Your Farming Legal Risks with Insurance: A Farm Commons Tutorial also has a module on crop and livestock insurance if you prefer to watch our recorded webinar at the computer or listen to it out in the field.