PRF INSURANCE
(PASTURE, RANGELAND, FORAGE)
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.
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
Step 1
See your area's historical rainfall and payout history
Step 1
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
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.
See two coverage and loss examples for both grazing and haying.
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.
See two coverage and loss examples for both grazing and haying.
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.
FAQ
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.
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.
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.
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.
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.
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
