Pasture Rangeland and Forage PRF Insurance Program was created to assist in protecting your operation if there is a lack of precipitation. This can impact the growth of your product (or by-product that feeds your animals).
PRF Insurance is very simple, no record keeping or claims required.
How do you choose the proper interval?
You and your Insurance Agent will determine the intervals that are the most volatile and most likely to affect your product that results in a loss. You can select the period that is most important to your operation. For instance, if precipitation in January is important to the beginning process of growing each year and this January is dry (below average precipitation), the PRF Insurance would kick in and cover you for potential loss. That is, if you had the Jan/Feb interval chosen for coverage. You can select a coverage level from 70-90%. You are essentially insuring a rainfall index that is expected to estimate production.
Will my crop agent help?
It is important that you work with your crop agent to make decisions on all the different choices to make, such as: coverage level, index intervals, irrigated practice, productivity factor, and the number of acres you wish to insure (as you don’t have to insure all of them). You and your Crop Agent should take a look at the Grid ID Locator map and index grids for your area to determine where to assign acreage on the grid or grids.
We have a team of experienced Crop Agents who are familiar and working with The Pasture, Rangeland, and Forage (PRF) Insurance Program with our customers. Please give us a call to learn more! PRF West is here to help you with you Pasture Rangeland and Forage in Oregon, California, Washington, Arizona, Nevada, Idaho, Utah, Montana, Wyoming and Colorado. The sales closing date deadline to enroll in the Pasture Rangeland Forage (PRF) Program is December 1st.