PASTURE, RANGELAND,
& FORAGE
PRF insures producers based on the average rainfall in their geographic area instead of the producers’ individual farm. Producers receive an indemnity payment when rainfall in their area falls below the normal historical level. You can insure either your haying or grazing acres, or both! You can also choose to not insure all of your acres if you wish.
HOW IT WORKS
1
The Rainfall Index uses National Oceanic and Atmospheric Administration Climate prediction Center (NOAA CPC) data.
2
The areas where the Rainfall Index is available have been divided into grids. Each grid covers an area equal to .25 degrees in latitude by .25 degrees in longitude.
3
These grids do not follow county lines or township boundaries. This data does not directly reflect the rainfall amounts measured at a specific weather station within a particular grid.
4
Instead, it reflects a smoothed result of nearby weather station estimates in order to obtain an estimate for the grid. Most group risk insurance provides coverage at the county level, but this product provides coverage at the grid level, which is likely to provide a more accurate estimate of rainfall for a particular acreage than a county level measure.