United States 

Department of

Agriculture

Federal Crop

Insurance

Corporation

FCIC-18160 (11-2019)

FCIC-18160-1 (03-2020)

WHOLE-FARM 

REVENUE 

PROTECTION 

PILOT 

HANDBOOK

2020 and Succeeding Policy 

Years

March 2020 FCIC -18160-1 TP 1

RISK MANAGEMENT AGENCY

KANSAS CITY, MO 64133

TITLE: WHOLE-FARM REVENUE 

PROTECTION PILOT HANDBOOK

NUMBER: FCIC-18160

FCIC-18160-1

EFFECTIVE DATE:

2020 Succeeding Policy Years

ISSUE DATE: March 30, 2020

SUBJECT:

Provides the procedures and 

instructions for the Whole-Farm 

Revenue Protection program.

OPI: Product Administration and Standards Division

APPROVED:

/s/ Richard H. Flournoy

Deputy Administrator for Product Management

REASONS FOR AMENDMENT

Changes: See changes or additions in text which have been highlighted. Three stars (***) identify 

where information has been removed.

1. Table of Contents – Revised page number for paragraph 93 to accommodate revisions below.

2. Subparagraph 92(18) – Added clarifying language regarding uninsured losses relating to hemp to 

account for different acceptable THC levels and the measurement of uncertainty.

3. Paragraph 126 – Revised language regarding policy voidance to align with revised language in 

subparagraphs 91(18) and 149(1) & (4).

4. Subparagraph 149(1) & (4) – Added clarifying language regarding hemp to account for different 

acceptable THC levels.

5. Exhibit 9 Item 23 – Revised reference within to item 15 for calculation purposes.

Note: It has been noticed the page numbers within are continual from the Table of Contents 

throughout. The slipsheets were created using the same numbering to prevent the release of an 

entirely new handbook. This will be corrected during the next full handbook release.
March 2020 FCIC -18160-1 TP 2

WHOLE-FARM REVENUE PROTECTION PILOT HANDBOOK

CONTROL CHART

Whole-Farm Revenue Protection Pilot Handbook

TP 

Page(s)

TC 

Page(s)

Text 

Page(s)

Exhibit 

Number

Exhibit 

Page(s)

Date Directive 

Number

Remove 1-4 1-2 67-74

103

1

9

104

147-148 11-2019 FCIC-18160

Insert 1-2 1-2 67-74

103-104

1

9

104

147-148 03-2020 FCIC-18160-1

Current Index 1-2 1-2

3-4 5-66

67-74

75-102

103

1

2-9

9

10-20

104

105-146

147-148

149-199

FCIC-18160-1

FCIC-18160

FCIC-18160-1

FCIC-18160

FCIC-18160-1

FILING INSTRUCTIONS:

These slipsheets replace the applicable pages within the 2020 Whole-Farm Revenue Protection Pilot 

Handbook, FCIC-18160 (11-2019). These slipsheets are effective for the 2020 and succeeding policy

years and is not retroactive to any 2019 or prior policy year determinations.
March 2020 FCIC -18160-1 1

WHOLE-FARM REVENUE PROTECTION PILOT HANDBOOK

TABLE OF CONTENTS

PAGE NO.

PART 1 GENERAL INFORMATION AND RESPONSIBILITIES

1 General Information ...............................................................................................................5

2 Responsibilities.......................................................................................................................6

3 Access to Commodities and Records.....................................................................................9

4 Document Origination..........................................................................................................11

5 Duplicate WFRP Policies.....................................................................................................11

6 Tax Years..............................................................................................................................11

7 Accounting Methods ............................................................................................................11

8-20 (Reserved)

PART 2 WFRP POLICY INFORMATION

21 Eligibility..............................................................................................................................13

22 Pre-Acceptance Inspections..................................................................................................16

23 Application ...........................................................................................................................16

24 Vertically Integrated and Related Tax Entity.......................................................................19

25-40 (Reserved)

PART 3 COVERAGE AND REPORTS

Section 1 Coverage Information and Required Reports

41 Basic Information and Commodity Count ...........................................................................20

42 Coverage Levels...................................................................................................................23

43 Replant Payments.................................................................................................................24

44 Allowable Revenue and Allowable Revenue Worksheet.....................................................24

45 Allowable Expenses and Allowable Expenses Worksheet ..................................................27

46 Whole-Farm History Report.................................................................................................29

47 Use of a Different Person’s Tax Returns..............................................................................29

48 Intended Farm Operation Report..........................................................................................31

49 Revised Farm Operation Report...........................................................................................35

50 Final Farm Operation Report................................................................................................44

51 IRS Tax Forms and Verifiable Records and/or Direct Marketing Sales Records................44

52 WFRP Database....................................................................................................................47

53 Premium Calculation and Subsidy .......................................................................................47

54-70 (Reserved)

Section 2 Revenue and Expense Calculations

71 Revenue ................................................................................................................................48

72 Expenses...............................................................................................................................59

73 Inventory...............................................................................................................................61

74 Accounts Receivable, Payable, and Prepaid Expenses Report.............................................63

75-90 (Reserved)
March 2020 FCIC -18160-1 2

WHOLE-FARM REVENUE PROTECTION PILOT HANDBOOK

TABLE OF CONTENTS

PAGE NO.

PART 4 LOSS AND CLAIM INFORMATION

Section 1 Loss Information

91 Insurable Losses ...................................................................................................................66

92 Uninsurable Losses...............................................................................................................66

93 Quality Determinations ........................................................................................................69

94 Duties in the Event of Damage or Loss................................................................................69

95 Replant Payment...................................................................................................................71

96-100 (Reserved)

Section 2 Claim Information

101 Adjustments to Revenue.......................................................................................................75

102 Adjustments to Expenses......................................................................................................77

103 Changes Occurring Within Policy Year...............................................................................78

104 Changes That Occurred in Year Prior to Policy Year..........................................................80

105 Damage and Price Fluctuation That Occurred in the Year Prior to the Policy Year............80

106 Revenue-to-Count.................................................................................................................82

107 Indemnities...........................................................................................................................83

108-120 (Reserved)

PART 5 ADMINISTRATIVE PROVISIONS

121 Assignment of Indemnity .....................................................................................................87

122 Transfer of Coverage............................................................................................................87

123 Other Insurance and NAP.....................................................................................................87

124 Commodites as Payments.....................................................................................................88

125 Mediation, Arbitration, and Judicial Reviews of AIP Determinations ................................88

126 Controlled Substance Provisions..........................................................................................88

127-140 (Reserved)

PART 6 SPECIAL CIRCUMSTANCES

141 Organically Grown Commodities.........................................................................................89

142 Post-Production Operations and Market Readiness.............................................................91

143 Animals.................................................................................................................................92

144 Nursery/Greenhouse .............................................................................................................95

145 Commodities with Market Order Reserves..........................................................................98

146 Commodities Sold with Co-op Retainages...........................................................................98

147 Vertically Integrated Operations ........................................................................................101

148 Commodities Purchased for Resale....................................................................................101

149 Industrial Hemp..................................................................................................................102
March 2020 FCIC -18160-1 67

92 Uninsurable Losses (Continued)

Example: A dam is designed to contain water to an elevation of 1,200 feet. Insured A 

plants a crop on acreage at an elevation of 1,100 feet. A storm causes the water 

behind the dam to rise to an elevation of 1,300 feet and floods the crop. The 

damage to the crop up to 1,200 feet of elevation is not an insurable cause of loss. 

However, damage to the crop above 1,200 feet of elevation is an insurable cause 

of loss.

(5) Damage to machinery or equipment.

(6) Failure to carry out good irrigation practices for an insured commodity, if applicable.

(7) Failure or breakdown of irrigation equipment or facilities, or the inability to prepare the land 

for irrigation using the established irrigation method unless the failure, breakdown, or 

inability is due to an unavoidable natural cause.

Important: Insured must make all reasonable efforts to restore the equipment or facilities 

to proper working order within a reasonable amount of time, unless the AIP 

determines it is not practical to do so. Cost will not be considered when 

determining whether it is practical to restore the equipment or facilities. 

Failure of the insured to make all reasonable efforts to restore the equipment 

and facilities will result in any loss from the failure or breakdown of the 

irrigation equipment or facilities being an uninsured loss.

(8) Theft, mysterious disappearance, or vandalism of an insured commodity.

(9) Inability to market the commodities due to quarantine, boycott, diverted acres, or refusal of 

any person to accept any insured commodities, including insolvency of the buyer identified 

in the marketing contract.

(10) Lack of labor to properly care for, harvest, or perform any necessary production activities 

for any insured commodity.

(11) Failure to receive payment for produced commodities.

(12) Failure to follow the requirements contained in any processor contract.

(13) Abandonment of an insured commodity.

(a) A commodity the insured has ceased to care for will not be considered abandoned if an 

insured cause of loss prevents the producer from properly caring for, harvesting, or 

marketing the commodity, or causes damage to the commodity to the extent that most 

producers of the commodity in the area with similar characteristics would not 

normally further care for or harvest the commodity; and

(b) The insured’s decision not to harvest a commodity due to low market prices will not 

be considered abandonment.

(14) Failure to obtain a price for any commodity that is reflective of the local market value.
March 2020 FCIC -18160-1 68

92 Uninsurable Losses (Continued)

(15) Deterioration of commodities while in storage that reduces the quality or value, unless the 

deterioration was due to damage caused by an insured cause of loss before the commodity 

was harvested. Such deterioration by an insured cause of loss must be documented by the 

insured and reported to the AIP. The quantity in storage will be valued at an amount not 

less than the local market value for the undamaged commodity if:

(a) the insured fails to notify the AIP of deterioration and cause of damage;

(b) cause of damage was due to anything other than insured cause of loss; or 

(c) the insured fails to adequately document the damage.

(16) Production of a commodity, or a quantity of a commodity, which has no verifiable market or 

exceeds the amount of production that could be expected to be received by the market under 

normal growing conditions.

(17) Decline in local market prices due to man-made causes.

(18) Industrial Hemp that is unsalable or destroyed due to a THC level above the maximum 

acceptable level.

(a) The maximum acceptable hemp THC level will be the lesser of: 1) 0.3 percent, 

allowing for the measurement of uncertainty provided by the testing laboratory; or 2) 

the acceptable level of the applicable governing authority (State or Tribe) in which 

the insured crop is grown, allowing for the measurement of uncertainty provided by 

the testing laboratory. If the test results provided by the testing laboratory do not 

include a measure of uncertainty, the measurement of uncertainty will be considered 

zero percent (0.000 percent).

Example: If a laboratory reports a result as 0.35 percent with a measurement of 

uncertainty of ±0.06, the distribution or range is 0.29 to 0.41 percent. 

Because 0.3 percent is within that distribution or range, the sample, and 

the lot it represents, is considered hemp as defined. However, if the 

measurement of uncertainty for that sample was 0.02 percent, the 

distribution or range is 0.33 to 0.37 percent. Because 0.3 percent or less 

is not within that distribution or range, the sample is not considered hemp 

as defined.

(b) The sale of hemp with a THC level greater than the maximum acceptable level as 

stated in (a) will be considered producing and selling a controlled substance and will 

result in voidance of the insured’s WFRP policy. Refer to paragraph 126.

Uninsurable losses will be valued and added to the RTC, which will decrease any loss payments. 

RTC must be increased for commodities that are damaged by anything other than an insured 

cause of loss. If a commodity deteriorates while in storage and is sold for less than the local 

market value for the undamaged commodity, the RTC must be increased by an amount equal to 

the difference between the dollar amount received for the damaged commodity and the dollar 

amount that would have been received for the commodity using the local market value if it was 

not damaged.
March 2020 FCIC -18160-1 69 

93 Quality Determinations

When the commodity is damaged (refer to exhibit 2 for damaged definition) by an insurable cause 

of loss, the WFRP policy provides coverage for quality by using the actual price received or the 

local market value, not less than zero, for unsold damaged commodities. Refer to subparagraph 

92(15) for commodities that are in storage.

(1) If a commodity is damaged by an insurable or uninsurable COL resulting in a reduction of 

quality, the insured must comply with their duties detailed in subparagraph 94A. 

(2) The insured must maintain documentation which includes enough detail to identify the 

specific lot, bin, cartons, etc. of the damaged commodity 

94 Duties in the Event of Damage or Loss 

A. Insured’s Duties in the Event of Damage or Loss

The AIP must instruct the insured of the following duties. 

(1) The insured must provide a notice of loss to the AIP within 72 hours of their initial 

discovery that the allowable revenue on the farm operation may be less than the 

insured revenue or for any physical damage that occurs to any commodity on the farm 

operation that may cause the allowable revenue to fall below the insured revenue. The 

notice must specify the damaged commodity and document the cause of loss. 

(2) If the insured is not able to market any insured commodity , including refusal of a 

buyer to accept a commodity, the insured must provide a notice of loss stating they are 

unable to market the commodity and document the reason the commodity cannot be 

marketed (e.g., quarantine, failure to meet the requirements of a processor contract, 

quality damage, etc.).

(3) The insured is not required to report general market fluctuations that are not directly 

related to the condition or marketability of commodities on the farm operation. 

(4) In case of potential loss of revenue to any insured commodity, the insured must: 

(a) Protect the commodity from further damage by providing sufficient care if the 

cost of the care will not exceed the value of the commodity; and 

(b) Cooperate with the AIP in the settlement or investigation of the claim, and, as 

often as the AIP reasonably requires: 

(i) Allow the AIP to inspect the damaged commodity;

(ii) Allow the AIP to remove samples and determine the extent of damage; and

(iii) Provide the AIP with acceptable records and documents requested and

permit the AIP to make copies of those records or documents. 
March 2020 FCIC -18160-1 70

94 Duties in the Event of Damage or Loss (Continued)

A. Insured’s Duties in the Event of Damage or Loss (continued)

(5) Farm operations that suffer a reduction of irrigation water due to an insured cause of 

loss during the insurance period must be managed consistent with GFP to maximize 

the allowable revenue for the entire operation to mitigate, as much as possible, the 

adverse impacts of insufficient irrigation water.

(6) The insured must notify the AIP and obtain the AIP’s consent before abandoning, 

disposing of, or destroying any damaged or undamaged insured commodities, or 

selling a commodity for any reason other than its intended purpose or to someone 

other than a disinterested third party.

(a) If the AIP does not inspect the insured commodity within 15 days after 

notification, the insured may abandon, dispose of, sell, or destroy the insured 

commodity without the AIPs consent. THIS IS NOT APPLICABLE TO 

REPLANTS.

(b) If the AIP determines that expenses associated with the harvest or preparation of 

a commodity would be greater than the allowable revenue from the sale of the 

commodity, the AIP will not include the potential revenue of the commodity 

when determining RTC if the commodity is not harvested.

(i) The AIP must determine the associated expenses are consistent with 

previous years’ expenses and similar operations.

(ii) the AIP must verify the insured does not traditionally harvest the 

commodity at a cost below the normal cost to harvest the commodity.

Example: A producer is required to grow a specific variety of fruit that has a 

low market value to meet processor requirements. However, due to 

unavailability of labor, the producer is unable to harvest the crop. 

The unavailability of labor is considered an uninsured COL and any 

portion of the commodity not harvested would be counted as RTC

at the expected value.

(7) If the insured fails to comply with any of the notice requirements of the WFRP policy:

(a) the AIP will consider any loss on the portion of the commodity (damaged acres 

or other applicable unit of measure for the commodity) for which the insured 

failed to provide notice to be due solely to uninsured causes, with the expected 

revenue of the lost commodity included as RTC, unless the AIP determines that 

they have the ability to accurately determine the amount and cause of loss; and

(b) the insured will be required to pay all premiums owed for the policy, including 

premium for any portion of the commodity the AIP considers damaged due 

solely to uninsured causes.
March 2020 FCIC -18160-1 71 

94 Duties in the Event of Damage or Loss (Continued) 

B. AIP Duties in the Event of Damage or Loss 

(1) The AIP will recognize and apply the claim adjustment and other procedures 

established or approved by FCIC. 

(2) The AIP will verify completeness and accuracy of the insured’s WFHR, FOR, 

Beginning and Ending Inventory, Allowable Revenue and Allowable Expenses 

Worksheets, Beginning and Ending Accounts Receivable and Beginning and Ending 

Accounts Payable, and any other verifiable documentation and/or information used to 

complete the Claim for Indemnity Form.

(3) The AIP will use the insured’s farm tax forms to calculate the allowable revenue and 

allowable expenses for the policy year including any required adjustments, to 

determine if the insured has an insurable loss. 

(4) If the insured has complied with all the policy provisions, the AIP will pay the loss for 

a replant or for a claim for indemnity within 30 days after: 

(a) Agreement is reached with the insured;

(b) Completion of arbitration or appeal proceedings; 

(c) Completion of any investigation by USDA, if applicable, of the insured’s current 

claim for indemnity if no evidence of wrongdoing is found. (If any evidence of 

wrongdoing is discovered, the amount of any indemnity, or replant overpayment 

as a result of such wrongdoing may be offset from any indemnity owed to the 

insured); or 

(d) The entry of a final judgment by a court of competent jurisdiction. 

(5) In the event the AIP is unable to pay the insured’s loss within 30 days, the AIP will 

give the insured notice of their intentions within the 30-day period. 

(6) The AIP may defer, at their discretion, the claim adjustment up to 180 days from the 

date the insured filed the claim for indemnity when commodities produced during the 

insurance period are still in storage.

95 Replant Payment 

(1) To qualify for a replant payment: 

(a) The insured must notify the AIP of the damaged acreage prior to replanting; 

(b) The damaged commodity must be an annual plant; 

(c) The insured commodity must be damaged by an insurable cause; 

(d) The AIP must determine that it is practical to replant, and give consent to replant; 
March 2020 FCIC -18160-1 72

95 Replant Payment (Continued)

(e) The acreage replanted must be at least 20 acres or 20 percent of the insured planted 

acreage for the commodity to be replanted;

For commodities planted in different, but distinct growing seasons, determinations of 

the 20 acre or 20 percent rule should be made based on the specific planting period for 

the commodity.

Example 1: 50 acres of spring bell peppers and 50 acres of fall bell peppers are 

reported on the IFOR to be planted on the same 50 acres. 12 acres of 

spring bell peppers need to be replanted and the AIP determines that it is 

practical to replant. The 20/20 rule for spring planted bell peppers is met 

for the 50 acres reported for spring bell peppers.

Example 2: The insured plants 50 acres of bell peppers and 50 acres of hot peppers in 

a 100-acre field. Both are Fresh Market and are both reported under the 

commodity code of Peppers (Fresh Market) in Polk County, FL. The 

insured needs to replant 12 acres of bell peppers and the AIP determines 

that it is practical to replant. However, the 12 acres to be replanted does 

not meet the 20/20 rule for the total 100 acres of Peppers (Fresh Market).

Example 3: An insured reports and plants 100 acres of winter wheat. On that same 

100 acres, the insured reports and intends to plant soybeans. The winter 

wheat is harvested, and the soybeans are planted as intended. 25 acres of 

the soybeans are lost due to an insured cause of loss and need to be 

replanted and the AIP determines that it is practical to replant the acres. 

The 25 acres to be replanted meet the 20/20 rule of the double cropped 

soybean acreage.

(f) The insured must submit verifiable records that show their actual cost of replanting; 

and

(g) The AIP may inspect the acreage prior to making the replant payment.

(2) No replant payment will be made:

(a) if the AIP is unable to determine the insured’s actual replanting costs;

(b) on acreage on which one replant payment has already been allowed for the insurance 

period; 

(c) for any commodity on the farm operation that is also insured by another Federally 

reinsured policy issued under the authority of the Act for which replant payments are 

also available under the other policy; 

(d) for industrial hemp; or

(e) until a RFOR is submitted.
March 2020 FCIC -18160-1 73 

95 Replant Payment (Continued)

A Replant Payment Worksheet must be completed if the insured qualifies for a replant payment. 

In the Narrative Section of the worksheet or on a Special Report, document how the qualifications 

for a replant payment have been met. 

(3) The determination of the maximum amount of the replant payment per acre will be based on 

the lesser of: 

(a) The actual cost, before share, to replant the commodity; or 

(b) 20 percent of the expected revenue per acre for the commodity as reported in the 

RFOR (column 14E/14A) multiplied by the coverage level. 

Determine the amount of a replant payment shown in the following example. Show all 

calculations in the Narrative section of the Claim for Indemnity Form or on a Special Report. 

Example: 50 acres of commodity replanted 

Expected Revenue per acre guarantee = $750 (column 12 of the FOR) 

Actual cost per acre to replant prior to share = $75.00 (verified from actual records)

Maximum Replant Amount: 20% of the expected revenue per acre multiplied by 

coverage level= $127.50 ($750 per acre guarantee x 20%) x 85% 

The lesser of $75.00 or $127.50 is $75.00. 

Replant Payment = $3,750 ($75.00 x 50 acres) x 1.000 (share) 

Enter the replant calculations in the “Narrative” of the Replant Payment Worksheet.

96-100 (Reserved)
March 2020 FCIC -18160-1 74

THIS PAGE INTENTIONALLY LEFT BLANK
March 2020 FCIC -18160-1 103

149 Industrial Hemp (Continued)

Note: The maximum acceptable hemp THC level will be the lesser of: 1) 0.3 percent, 

allowing for the measurement of uncertainty provided by the testing laboratory; or 2) 

the acceptable level of the applicable governing authority (State or Tribe) in which 

the insured crop is grown, allowing for the measurement of uncertainty provided by 

the testing laboratory. If the test results provided by the testing laboratory do not 

include a measure of uncertainty, the measurement of uncertainty will be considered 

zero percent (0.000 percent). Refer to paragraph 126.

(b) If the insured’s farm operation is mostly located in one state but the insured produces 

industrial hemp in another state, the insured must comply with the regulations of the 

state where the land on which the industrial hemp is located;

(c) In addition to the requirements in exhibit 18, the entity issuing the marketing contract 

must:

(i) comply with all requirements of the regulatory plan in place in the location the 

industrial hemp will be processed; and

(ii) must possess or have contractual access to facilities with enough equipment and 

capacity to process the amount industrial hemp in the marketing contract.

(d) Industrial hemp grown without a valid marketing contract is not insurable, even if the 

insured’s farm operation has a marketing contract for a portion of the industrial hemp 

planted acreage. Any revenue produced from uninsurable hemp acreage will be 

included as RTC.

Example: The insured has a marketing contract for 50 acres of industrial hemp valued 

at $50,000. However, the producer produces 100 acres of industrial hemp 

and sells all 100 acres for $100,000. At claim time, $100,000 will be 

included as RTC.

(2) If the industrial hemp is produced in a state or tribal territory that has assumed regulatory 

responsibility for industrial hemp production, the insured must:

(a) comply with all requirements and provisions of the regulatory plan of that state or 

tribe; and 

(b) possess any license required by that plan.

(3) Industrial hemp must be produced using seed or plant cuttings adapted to the intended use 

and planting patterns appropriate to the intended use.

Example: Industrial hemp harvested primarily for fiber must be produced using a seed or 

plant cutting adapted for fiber production and the planting pattern used must be 

intended to maximize fiber production.

(4) Industrial hemp that is unsalable or destroyed due to a THC level exceeding the maximum 

acceptable limit as stated in subparagraph 18(a) will be considered damaged due to an 

uninsured COL, regardless of the determination of what may have caused the increased 

THC level. The insured must notify the AIP prior to destroying the industrial hemp. Refer 

to paragraph 94.

Note: At claim time, the RTC for such acreage will be not less than the expected revenue 

reported on the RFOR. Refer to paragraph 106.
March 2020 FCIC -18160-1 104 

Exhibit 1

Acronyms and Abbreviations 

The following table provides the acronyms and abbreviations used in this handbook. 

Approved 

Acronym/Abbreviation

Term

Act Federal Crop Insurance Act, as amended (7 U.S.C. 1501 et. Seq.)

AD Actuarial Documents

AIP Approved Insurance Provider

AMS Agricultural Marketing Service

ARC Agricultural Risk Coverage

BFR Beginning Farmer or Rancher

CCD Contract Change Date

CFR Code of Federal Regulations

CIH Crop Insurance Handbook

ERS Economic Research Service

FCIC Federal Crop Insurance Corporation

FOR Farm Operation Report

FFOR Final Farm Operation Report

FSA Farm Service Agency

GFP Good Farming Practice

IFOR Intended Farm Operation Report

IRS Internal Revenue Service

NAP Noninsured Disaster Assistance Program

NASS National Agricultural Statistics Service

PAIR Pre-Acceptance Inspection Report

PASD Product Administration and Standards Division

PAW Pre-Acceptance Worksheet

PFR Purchase for Resale

PHTS Policy Holder Tracking System

PLC Price Loss Coverage

RFOR Revised Farm Operation Report

RMA Risk Management Agency

RRD Revised Reporting Date

RTC Revenue-to-Count

SBI Substantial Beneficial Interest

SCD Sales Closing Date

SP Special Provisions of Insurance

SSN Social Security Number

THC Tetrahydrocannabinol

U.S.C. United States Code

USDA United States Department of Agriculture

VFR Veteran Farmer or Rancher

WFHR Whole-Farm History Report

WFRP Whole-Farm Revenue Protection
March 2020 FCIC -18160-1 147

Exhibit 9

Market Animal and Nursery Inventory Report (Continued)

A. Required Elements Description (continued)

Item Required Element Description

22. Net Value The net value of animals, animal products, nursery, and greenhouse 

commodities on hand at the end of the insurance period. Enter the 

result of subtracting the amount in column 21 from column 20.

23. Total Beginning 

Value

Total of Column 15.

24. Total Ending Value 

Less Cost or Basis:

Total of Column 22.

Part 4 - Inventory Adjustment (To Be Completed Only If A Claim Filed)

25. Adjustment: Subtract the amount in item 23 from the amount in item 24. The 

amount can be either a positive number or a negative number. 

Transfer the amount to the Claim for Indemnity for (item 28).

The following required entries are not illustrated on the Market Animal and Nursery Inventory 

Report example below.

26. Applicant/Insured 

Signature and Date

Applicant/Insured Signature and Date @ SCD

27. AIP Representative 

Signature and Date

AIP Representative Signature and Date @ end of insurance period.

Refer to exhibit 5 for required certification and other statements.
March 2020 FCIC -18160-1 148

Exhibit 9

Market Animal and Nursery Inventory Report (Continued)

B. Example Market Animal and Nursery Inventory Report Form (continued)

The following is provided as an example only. AIPs must develop a Market Animal and Nursery Inventory Report using the required elements 

and statements.

MARKET ANIMAL AND NURSERY INVENTORY REPORT

Part 1 - Producer Information

1. NAME 2. POLICY NUMBER 3. POLICY YEAR 4. AGENCY INFORMATION

I.M. INSURED XXXXXXXXX YYYY I.R. AGENT XXXXX

Part 2 – Breeding Livestock Only

Type of Animals or 

Commodity

Section A - Beginning Inventory First Day of the Insurance Period Section B - Ending Inventory Last Day of the Insurance Period

Type/Category

5

Number

6

Number

7

Part 3 – Market Animals or Nursery

Type of Animals or 

Commodities

Section A - Beginning Inventory First Day of the Insurance Period Section B - Ending Inventory Last Day of the Insurance Period

Type/Category

8

Number

9

Average 

Weight or 

Container 

Size

10

Average 

Value

11

Average 

Value/Unit

12

Total $ 

Value

13

Actual

Cost 

(Claims 

Only)

14

Net Value 

(Claims 

Only)

15

Number

16

Average 

Weight or 

Container 

Size

17

Average 

Value

18

Average 

Value/Unit

19

Total $ 

Value

20

Cost or 

Basis

21

Net $ 

Value

22

Mums 1,000- - $2.00/plant $2.00/Plants- $2,000 $500 $1,500 0 - - - - - 0

Hogs 125 hd. 50 lbs. $1.00/lb. $50.00/hd. $6,250 $6,250 0 - - - - - 0

23 Total Beginning Value $7,750 24 Total Ending Value $0

Part 4 - Inventory Adjustment (to be completed ONLY if a claim is filed)

25. Adjustment:

Amount in item 24 $0 Amount in item 23 $7,750 = -$7,750 Inventory Adjustment. Enter result, (+) or (-), in item 28 on the Claim for Indemnity Form.