Pasture, Rangeland and Forage Insurance Deadline is November 15

Risk management is the key to any successful operation – and that includes income from utilizing pasture and forage acres. Many operations use pasture and rangeland to supplement feed costs, either by grazing or growing hay.  For this reason, the Pasture, Rangeland and Forage Insurance (PRF) was created to cover replacement feed costs that can occur when there is too little rainfall in a given area.  However, since coverage isn’t based on an individual’s loss, PRF can be a little more complex than typical crop insurance.  Producers can use the following guidelines to help build a policy that works for their operation. How It Works Pasture, Rangeland, and Forage is based on a grid system that tracks rainfall daily. The National Oceanic and Atmospheric Administration Climate Prediction Center (NOAA CPC) is used to pull accurate weather data from around the grid.  At the end of each interval, the USDA’s Risk Management Agency (RMA) releases a final index by grid, that establishes if a client will have a claim dependent on their coverage.  You can find where your operation falls here. Producers also need to establish if the land is haying or grazing ground. Traditionally haying ground is worth more and will cost more to insure. Grazing ground is valued less on a per acre basis and is a cheaper alternative. According to the Risk Management Agency, grazing ground should be used solely for livestock to roam and feed on, while haying is defined as using mechanical

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