The Department of Agriculture is rolling out a new insurance option specifically for farmers with small farms who sell locally. The new Micro Farm policy simplifies record keeping and covers post-production costs like washing and value-added products. USDA’s Risk Management Agency created the new policy based on research directed by the 2018 Farm Bill, and it includes feedback from producers who grow for their local communities.
The policy will be offered through Whole-Farm Revenue Protection and is available to producers who have a farm that earns an average allowable revenue of $100,000 or less, or for carryover products, an average allowable revenue of $125,000 or less. RMA’s research showed that 85% of producers who sell locally made less than $75,000 in gross sales.
The Micro Farm policy will be available beginning with the 2022 crop year.
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