The Risk Management Agency’s (RMA) pilot insurance policy, Pasture, Rangeland, Forage (PRF) is designed to provide insurance coverage on perennial pasture, rangeland or forage acres, based on precipitation (Rainfall Index). The program helps protect a producer’s operation from the risks of forage loss due to lack of precipitation. It’s not designed to insure against ongoing or severe drought, as the coverage is based on precipitation expected during specific intervals only.

The Rainfall Index uses National Oceanic and Atmospheric Administration Climate Prediction Center (NOAA CPC) data. You must select at least two, two-month periods where precipitation is important to your operation. These periods are called index intervals. Insurance payments are determined by using NOAA CPC data for the grid(s) and index interval(s) you choose to insure. When the final grid index falls below your “trigger grid index” (expected grid index x coverage level %), an indemnity may be paid. Notice of loss is not required. This insurance coverage is for a single peril – lack of precipitation. Coverage is based on the
experience of the entire grid. It is not based on individual farms or ranches or specific weather stations in the general area.

Select a coverage level from 70 to 90 percent. You are not required to insure all your acres, but you cannot exceed the total number of
grazing or haying acres you operate. The program provides insurance protection while allowing you to insure only those acres that are important to your grazing program or hay operation.

Sales Closing date has been changed to December 1.  Call today for more information on PRF 308-324-6992.