Jenny Ifft, Agricultural Policy Extension Specialist
Pasture, Rangeland, and Forage (PRF) insurance is a tool for managing rainfall or drought risk. While individual producer experience varies, PRF has made substantial payouts during drought years. In 2023, producers paid an average premium of $5.11 per acre and received an average payout of $10.06 per acre. The deadline to sign up for PRF insurance for the 2025 calendar year with a crop insurance agent is December 1, 2024. Some producers may be concerned about the degree to which PRF will cover actual forage losses on their operation. This article summarizes these concerns and two approaches to considering them. Continue reading “Forage Risk Management and PRF Insurance”
