How would my operation have been affected by rainfall insurance this year? That is a question many ranchers are asking themselves.
Often referred to as “Drought Insurance”, Pasture, Rangeland, Forage (PRF) Rainfall Insurance provides insurance coverage on otherwise uninsurable acres of pasture, rangeland and forage acres. Instead of measuring production to determine coverage against loss, PRF uses a Rainfall Index developed by NOAA to compare actual rainfall to expected rainfall. PRF coverage is based on grid location rainfall and not county-wide rainfall.