PRF Insurance
(Pasture, Rangeland, forage)

Protect yourself from losses caused by below average rainfall

what is prf insurance?

PRF insurance is a product that ranchers can purchase to protect themselves against losses due to dry weather, where they aren’t able to produce the feed they need, whether grazing or harvested for hay.

The PRF insurance program pays you an indemnity when the actual rainfall in any selected two month period is less than 90% of normal.

For example, if you receive 70% of the expected rainfall for your area, you’ll receive an indemnity payment on the difference – 20% in this case.

“It allows us to maintain our cash flow that’s so dependent on calf weaning weights. We have seen drought impact our weaning weights by 30 to 60 pounds. The insurance payout helps us through that reduction in income.”

- Steve Wooten, Beatty Canyon Ranch

How it works

Step 1:

See your area's historical rainfall and payout history

Step 2:

We’ll plug in your info to generate policy options that maximize your benefits

Step 3:

Sign up and get paid when rainfall is below 90% of average

See your area's payout history

Call us today to schedule a consultation and we’ll walk through your area’s payout history and generate multiple policy options to see which would be best for you.

We’re giving away a $10 Subway gift card to those who meet with us before October 30th.

Call us at 402-843-5342 to schedule or click the button below to schedule online.

Schedule Your Consultation Online

helpful resources

[Tool] See historical rainfall and estimated indemnities for your area

This data is easily available for you to start looking at on your own. But we understand there’s a lot to take in and it can be hard to understand exactly what you’re looking at. Call us and we’d be happy to walk you through it.

[Article] Pasture, Rangeland, and Forage Insurance for Cattle Producers

“The coverage has paid off every year.” Learn how one rancher’s experience with PRF Insurance has helped him manage expenses.

[Brochure] RCIS PRF Insurance

See two coverage and loss examples for both grazing and haying.

FAQ

Who’s eligible for PRF coverage?

If you have perennial forage – pasture or rangeland – or any perennial hayfields, you’re eligible for this coverage.

How does it work?

When you come in for a consultation, we’ll plug in a number of variables to generate multiple policy options and scenarios that maximize your benefits.

Here are a few things we’ll look at:

• Your area’s PRF payout history
• How many of your acres you want to insure
• Choose a coverage level between 70% - 90%
• Select your index intervals (these are 2 month periods)

The PRF insurance program pays you an indemnity when the actual rainfall in any selected two month period is less than 90% of normal.

For example, if you receive 70% of the expected rainfall for your area, you’ll receive an indemnity payment on the difference – 20% in this case.

If you’re ready to protect yourself against unforeseen natural events like lack of precipitation, schedule a consultation with us.

Come away with multiple policy options to consider and no obligation to sign up on the spot.

What can I expect out of a consultation?

We’ll need you to bring the address for your pasture or rangeland. Then, we’ll sit down and plug numbers into our policy generator to produce a number of options for us to look at. 

We’ll look at historical payout data for your area. We’ll also look at variables that we can adjust to make the policy best fit your operation. There are a number of options to consider and we’ll walk you through them every step of the way.

At the end of your consultation, there is no obligation to make a decision on the spot. We encourage you to take our printouts home and discuss with your spouse and any other key decision makers. 

Then, when you’re ready, let us know and we’ll complete the paperwork to get you set up for coverage (and peace of mind) in 2021.

How do I know if this insurance is right for me?

This is where Midplains Ag excels. We’ll help you walk through your situation and the policy options to see if this coverage makes sense for your operation.

How much does it cost?

Average cost to the producer is $3/acre; it can range from $0.80 - $10 depending on level of coverage and what intervals are selected. With the ability to adjust several options, we’re confident we can create a policy that both fits your budget and manages your risk.

What’s the difference between your company and another provider?

We pride ourselves on being ag producers just like you. We know what it’s like to be in your shoes because we’re right there with you. We’re making the same decisions with our operations that you’re having to make with yours.

We also sell only ag insurance. This means that we’re inside the ag world every single day. It also means we know the ins and outs of these policies, because they’re all we do.

How is weather data collected?

Via satellite, radar and weather station then compiled by NOAA (National Oceanic and Atmospheric Administration).

PRF coverage is right for you if…

  • You have perennial forage – pasture or rangeland – or any perennial hayfields
  • You’re concerned that unexpected lack of precipitation might affect your ability to produce forage, whether for grazing or haying
  • You don’t ever want to have to make the decision whether to sell your herd or incur high feed costs
  • You want to ensure there aren’t cash flow disruptions in the coming year

see your area's payout history

Schedule a consultation today and we'll look at your area's payout history to see if this product is a good fit for you.

Call us at 402-843-5342 to schedule.