Rainfall Insurance
Rainfall Insurance
This coverage is designed to protect against one of agriculture’s most limiting risks: lack of precipitation. When rainfall doesn’t come, it impacts everything. Rainfall insurance policies are designed to help protect against these losses using flexible coverage options and accurate data.
Annual Forage Policies
Annual Forage is a Rainfall Index insurance policy that provides coverage on any annually planted crop used for forage or fodder by livestock. This program is designed to protect against a single peril, lack of precipitation. Annual Forage has twelve (12) growing seasons. At least two to three different intervals need to be selected for Annual Forage coverage depending on the state. The months within the intervals cannot overlap. Available on triticale, wheat, barley, rye, oats, millet, hay grazer, corn for silage, and first year alfalfa.
Pasture, Range & Forage (PRF) Policies
The RI-PRF insurance plan is designed to provide insurance coverage on pasture, rangeland, or forage acres. The program utilizes a rainfall index to determine precipitation for coverage purposes. Pasture, Rangeland, and Forage insurance was designed to help protect a producer’s operation from the risks of forage loss due to the lack of precipitation.
Coverage is based on a producer’s selection of coverage level, index intervals, and productivity factor. The index interval represents a two-month period and a minimum of two intervals must be selected. Producers need to make several choices when insuring their grazing or hay production, including coverage level, index intervals, irrigated practice, productivity factor, and number of acres. The Rainfall Index uses National Oceanic and Atmospheric Administration Climate Prediction Center (NOAA CPC) data, which utilizes a grid system to determine precipitation amounts within an area.
Coverage That Supports Your Operations
With the right insurance in place, you don’t have to lose sleep over what might happen next season. You’ll know your crops, your livestock, and your livelihood are protected. And if you’ve got questions or concerns, we’re just a phone call away.