Pasture, Rangeland & Forage (PRF)
Drought 'protection' on your pasture or forage land is priced per acre. The PRF program pays you an indemnity when the actual rainfall in any selected two month period is less than 90% of normal. If you receive 70% of normal rainfall, you receive an indemnity on 20% (the difference).
Often times in years where rainfall is above average, there may still be several dry periods within the same year on which you can collect an indemnity payment!
No upfront costs to participate
Simple enrollment process
Program pays YOU when rainfall is less than 90% of normal values
Available throughout every state in the U.S.
Coverage is available for up to $550/acre on forage and up to $130/acre on pasture and rangeland
Available for irrigated and dry land crops