Pasture, Range and Forage Insurance

Pasture, Range and Forage Insurance (PRF) was developed to help provide insurance for the livestock producer to help provide a buffer for those times when drought hits.  It has two different ways of being used depending on where you are.  The rainfall insurance insures against lower than normal rainfall.  The vegetative insurance insures against the per cent of green that occurs during the insurance period.  Texas and Oklahoma will both use the rainfall insurance beginning in 2010.

       PRF Fact sheet

       PRF Availability Map

       PRF Availability Listing 

PRF Rainfall Index

To see how this index works, click here to view our online Power Point Presentation.
Quoting
•    Grid ID Locator -   You must find the Grid ID# for the land before you can get a quote.
•     Decision Support Tool   Use the Grid ID# to select appropriate coverage levels and get a quote for coverage.
•    Historical Indices   Use this to see if the rainfall follows the rainfall patterns on your places.  
•    Policy Provisions  Read these to understand how this policy works.                                        

 

Livestock Risk Protection (LRP)

LRP is an insurance tool which allows you to insure a price for your livestock as defined in the policy provisions.    Click here for more information.  

To obtain a quote online click here.

 

The Livestock Gross Margin (LGM)

The Livestock Gross Marginfor Cattle Insurance Policy provides protection against the loss of gross margin (market value of livestock minus feeder cattle and feed costs) on feeder (yearling and calf) cattle. LGM covers the difference between the gross margin guarantee and the actual gross margin at the end of the 11-month insurance period. The LGM insurance policy uses adjusted futures prices to determine the expected gross margin and the actual gross margin. LGM does not insure against death loss or any other loss or damage to the producer’s cattle.