Whole Farm Revenue Protection Insurance Premium Calculator

Getting Started

This calculator will allow you to see what your insurance costs will be if you cover your crops under the Whole Farm Revenue Protection insurance program. You are not able to buy insurance from this website, but, should you want to purchase insurance after seeing your quote, or have further questions about the Whole Farm insurance program, you should speak to your local agent. You can find your local agent through the RMA Agent Locator. We have already filled in the calculator values with an example farm, but, to get the most accurate quote from our calculator, you will want to enter your farm's data.

Beginning Farmers

If you are a beginning farmer or rancher, you should select this option in the calculator. Generally, someone qualifies as a beginning farmer or rancher if they have been working as the owner of a farm for less than 5 years. Note, that it does not have to be the same farm for all the years. If you have 10 years of experience as a farm owner, but you just bought a new farm, you are likely not a beginning farmer. You need atleast 3 tax year records for your farm if you are a beginning farmer (farmers who are not beginning farmers need 5 tax year records). Beginning farmers receive an additional 10% subsidy for their insurance premiums and also do not need to pay the administrative fee when signing up for a Whole Farm insurance plan. If you have any questions as to whether or not you are a beginning farmer, contact your local crop insurance agent.

Materials Checklist

Before you start, it might be a good idea to have the following materials at hand. Here is some information that the calculator will need.

  • Historical Allowable Revenue for the past 5 tax years (e.g. For the 2017 insurance year, you will need Historical Revenue for 2011-2015). Historical Allowable Revenue is normally calculated based on your Schedule F or substitute tax records.
  • Expected revenue during the insurance year, for each crop you are insuring.
  • If you purchased other federal crop insurance for the crops you are insuring, you will need the insured liabilities from those policies.

If you are a beginning farmer, you will only need Historical Allowable Revenue for 3 of the 5 past tax years. You will also need the allowable revenue from the previous year, or the 'Lag Year' (e.g. For the 2017 insurance year, the 'Lag Year' will be 2016).

Location
State:
County:
Commodity Year:
Quote Inputs
Type: <div>Icons made by <a href="http://www.flaticon.com/authors/roundicons" title="Roundicons">Roundicons</a> from <a href="http://www.flaticon.com" title="Flaticon">www.flaticon.com</a></div>
Did you buy other federal crop insurance? Yes No
Are you a beginning farmer or rancher? <div>Icons made by <a href="http://www.flaticon.com/authors/roundicons" title="Roundicons">Roundicons</a> from <a href="http://www.flaticon.com" title="Flaticon">www.flaticon.com</a></div> Yes No
Historical Revenue: <div>Icons made by <a href="http://www.flaticon.com/authors/roundicons" title="Roundicons">Roundicons</a> from <a href="http://www.flaticon.com" title="Flaticon">www.flaticon.com</a></div>
Allowable Revenue Calculation Example

Beginning farmers only have to fill in 3 of the years from their tax records. They must also fill in their revenue from the 'lag year', the year before the current year which taxes have not been filed for yet.

Year Revenue
2011
2012
2013
2014
2015
2016 (Lag Year)
Expected Revenue
Covered Commodity Total Value <div>Icons made by <a href="http://www.flaticon.com/authors/roundicons" title="Roundicons">Roundicons</a> from <a href="http://www.flaticon.com" title="Flaticon">www.flaticon.com</a></div>
Advanced Options
This tool only provides a general premium estimate. Refer to your crop insurance agent and policy for specific information regarding insurance coverage, actuarial information, conditions and exclusions. For an agent near you, visit the USDA RMA agent finder.