Does the rainfall index predict forage production on each insureds operation?
The rainfall index does not explicitly predict individual forage production on a given producer’s operation. Instead, the index is simply a reflection of how much precipitation is received for a given 2-month interval for a specified weather grid, declared by the producer, relative to a long term average for the same interval and grid. Research indicates that rainfall is highly correlated with forage production, but does not directly predict forage production.
