USDA’s new Micro Farm insurance offers whole farm insurance for farmers making up to $350,000 per year. For example, if you’re insured for $100,000 and you only make $30,000 during the year, you could receive a claim payment of $70,000 to recover the difference.
Coverage is based on your historic revenue over the past three years along with your estimated revenue for the coverage year. Unlike other crop insurance programs that cover only single commodities, this insurance covers everything under one policy. This includes income from post-production processing like freezing or drying, plus value-added products like jams, jellies, cider, canned or pickled goods, etc.
If you have questions, reach out to Amanda Chang, Outreach Coordinator at The Carrot Project, at firstname.lastname@example.org or 617-674-2371 x 10.