Pasture, Rangeland, Forage (PRF)

Product Overview

Understanding Pasture, Rangeland, Forage Insurance

Pasture, Rangeland, Forage (PRF) Insurance is designed to safeguard livestock producers against the financial impact of forage losses caused by natural perils. PRF provides farmers and ranchers with a risk management tool to mitigate the impact of unpredictable weather patterns and other perils that can reduce forage availability.

The annual sign-up deadline for PRF is December 1.

Watch the video to learn more.

How it Works

Pasture, Rangeland, Forage (PRF) is an area-based insurance program that protects against yield losses caused by low precipitation relative to a historic average on forage produced for grazing or harvesting hay. Claims are based on roughly 17x17-mile grids and a Rainfall Index.

Producers make several choices, including coverage level, index intervals, irrigated practice, productivity factor and number of acres.

Rainfall Index

Coverage is based on rainfall in a defined grid. Because the index is based on rainfall data from the National Oceanic and Atmospheric Administration Climate Prediction Center and not on individual production, you may have poor production on a grid and still not receive an indemnity or vice versa.

You must select at least two, 2-month periods (index intervals) during which precipitation is important to your operation.

Productivity Factor

You can establish a value between 60% and 150% of the county base value and match the amount of your protection to the value of forage that best represents your specific grazing or hay operation.

Coverage Level

You can select a coverage level between 70% and 90% in 5% increments. This will be considered the trigger level to determine whether an indemnity is payable. An indemnity will be payable when the interval index falls below the trigger value.

Irrigated

In 2016, RMA began offering coverage in some states for irrigated hay to cover above-normal irrigation costs due to precipitation shortfalls.

Losses

RMA determines a grazing value based on stocking rates, available forage and the value of the forage in the area. It employs Animal Unit Month data for each state and county to determine the “yield” for grazed acreage and hay prices to determine current value.

RMA PRF Support Tools

The RMA offers PRF support tools, including the grid locator, historical indices and decision support tools, to help you determine whether PRF is right for your operation. Or, contact your local FCSAmerica office.

Deadline

The annual sign-up deadline for PRF is December 1.

Available to all qualifying producers regardless of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status.

Are you covered?

We know crop insurance decisions can feel complicated. Our insurance officers have access to a tool that analyzes your numbers and local data to help you make the best decisions to meet your goals. Get started by completing the inquiry form and we’ll find a time that is convenient for you to meet with us.

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Our agents are non-commissioned and focus 100% of their time on crop insurance and livestock insurance — every working day of every week in the year. They don’t sell property, casualty or life insurance.