MGR-26-009: Deferral of Interest Charges
BACKGROUND:
Farmers and ranchers are facing challenges in many parts of the nation. Concerns have been expressed about the requirement to pay crop insurance premiums timely to avoid accrual of interest.
Farmers and ranchers are facing challenges in many parts of the nation. Concerns have been expressed about the requirement to pay crop insurance premiums timely to avoid accrual of interest.
The Risk Management Agency (RMA) revised the Whole-Farm Revenue Protection (WFRP) Pilot Policy for 2026 and succeeding crop years. The same changes apply to the Micro Farm Program.
The following changes are included to conform with the One Big Beautiful Bill Act:
The One Big Beautiful Bill Act (OBBBA), enacted on July 4, 2025, made changes to the Federal Crop Insurance Act. These changes include expanding benefits for beginning farmers and ranchers, increasing coverage options, and making crop insurance more affordable. With this bulletin, the Risk Management Agency (RMA) is implementing sections 10303(b) (Area Risk Coverage and Supplemental Coverage Option Interaction), 10501 (Beginning Farmer and Rancher Benefit), 10502 (Area Based Crop Insurance Coverage and Affordability), and 10504 (Premium Support) of the OBBBA.
Hurricane Milton caused catastrophic damage in Florida. The Risk Management Agency (RMA) recognizes the need for authorizing emergency procedures to streamline certain determinations to accelerate the adjustment of losses and issuance of indemnity payments to crop insurance policyholders in impacted areas.
The Agricultural Improvement Act of 2018 (Farm Bill) included language to improve the effectiveness of WFRP. The Risk Management Agency (RMA) continues to solicit stakeholder recommendations. In response to feedback from local foods producers, grower organizations, and industry partners including Approved Insurance Providers (AIP) and agent organizations, RMA recommended changes to WFRP and Micro Farm to the Federal Crop Insurance Corporation Board of Directors (Board).
As of August 27, 2024 the following information is now available on the FTP site:
Users can find this information in the following directories:
Additional notes and details regarding this data release:
As of August 13, 2024 the following information is now available on the FTP site:
Users can find this information in the following directories:
Whole-Farm Revenue Protection (WFRP) provides a risk management safety net for all commodities on the farm under one insurance policy and is available in all counties nationwide. This insurance plan is tailored for any farm with up to $8.5 million in insured revenue, including farms with specialty or organic commodities (both crops and livestock), or those marketing to local, regional, farm-identity preserved, specialty, or direct markets.
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