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What is the Pasture, Rangeland, Forage (PRF) Rainfall Index Insurance Program?

April 26, 2017forage index Insurance Pasture program rainfall rangeland

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What is the Pasture, Rangeland, Forage (PRF) Rainfall Index Insurance Program?

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It is not traditional crop insurance! PRF is a rainfall index that transfers the producer’s risk of low rainfall that likely causes low forage production. Therefore PRF has high value for producers whose forage production is strongly correlated with NOAA’s rainfall records.