Organic and aquaculture producers will soon be able to benefit from updates that USDA’s Risk Management Agency (RMA) is making to the Whole-Farm Revenue Protection Plan. RMA is revising the plan of insurance to make it more flexible and accessible to producers beginning in crop year 2022.
RMA Acting Administrator Richard Flournoy explains what plan does.
Changes to the program include increasing expansion limits for organic producers to the higher of $500,000 or 35 percent, increasing the limit of insurance for aquaculture producers to $8.5 million, and allowing a producer to report acreage as certified organic, or as acreage in transition to organic, when the producer has requested an organic certification by the acreage reporting date.