What can PRF do for you?
Pasture Rangeland and Forage (PRF) insurance pays when the weather does not.
More specifically Pasture, Rangeland, and Forage (PRF) insurance pays when precipitation during a specific time period (2-month interval) in a specific location (approx. 12 x 12 mile grid) is less than a selected percentage of historic average precipitation for that exact time period and location. Indemnities (payments) are based on calculated precipitation conditions in an entire grid, not for a specific property. PRF is a flexible risk management tool developed by USDA’s Risk Management Agency (RMA) and reinsured by the Federal Crop Insurance Corporation (FCIC).
Your premium can be subsidized.
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Drought poses a risk to any livestock grazing or haying operation.
PRF offers landowners and/or lessees the ability to transfer some of that risk and, at the same time, cover costs such as extra feed, rent, or restocking. RMA covers as much as 59% of the premium, making this program very affordable. Furthermore, in an industry such as ranching, where most investments have returns of less than 10%, PRF has proven to be a great opportunity to exceed those returns considerably. Losses are paid when rainfall or vegetative conditions during a specific time period in a specific area (grid) fall below a selected percentage of historic average conditions. Payments are based on final conditions in an entire grid, not on a specific property within that grid. Individuals are able to select the time periods and the number of acres during each time period that they would like to insure. PRF insurance was developed by USDA’s Risk Management Agency (RMA) and is reinsured by the Federal Crop Insurance Corporation (FCIC). In offering this coverage, Drought Insurance Specialist uses the most advanced tools in the industry, so our customers can make well-informed decisions. It is easy to let time slip by, to find out if your operation is eligible for PRF contact us today.
Coverage of up to 90% of a crops value.
An Agent is here to help you every step of the way.
Drought risk for grazing beef or dairy cattle may be partially mitigated with PRF insurance.
PRF insurance indemnity payment example
$5,000 policy protection for May–June interval 90 percent level of coverage (90 trigger grid index) Actual rainfall index value of 50
((trigger index – rainfall index)/trigger index) × policy protection = indemnity payment
((90 – 50)/90) × $5,000 = $2,222