Do You Have Pasture for Grazing or Haying?
Pasture, Rangeland, Forage Coverage
The pasture, rangeland, forage (PRF) insurance program is designed to provide coverage on your pasture acres. It’s based on a precipitation index and designed to give you the ability to cover replacement feed costs if – due to a lack of precipitation – a loss of forage for grazing or hay for harvesting occurs. Consider the following to determine if PRF is right for your operation:
- PRF is area-based, payments are not based on an individual’s pasture, but rather on an area’s deviation from normal precipitation.
- Insure your grazing or haying pasture by selecting two-month intervals to place your coverage. You can spread your coverage across different – but not consecutive – intervals. Coverage levels range from 70-90 percent.
- You are not required to insurance all your acres.
- No production reporting, record keeping, or loss adjustment is required.
- PRF is a federally subsidized product and has a 2019 sales closing date of Nov. 15, 2018.
Apiaries Buzzing About PRF
Did you know you can insure bee colonies using a PRF policy? In 2018, five policies in Illinois covered 90 colonies for a total of $12,756 in liability, according to the RMA Summary of Business.
Contact your local agent to insure your 2019 pasture acres or apiary with PRF protection.