Rainfall Index crop insurance policies include Pasture, Rangeland and Forage (PRF), Annual Forage (AF), and Apiculture (API) plans. Rainfall Index plans are considered to be group policies, meaning individual losses are not covered. The index associated with your crop and grid determines your indemnity. Rainfall indices use weather data from National Oceanic and Atmospheric Administration’s (NOAA) Climate Prediction Center.
Pasture, Rangeland and Forage (PRF)
The Pasture, Rangeland, Forage (PRF) Pilot Insurance Program is designed to provide insurance coverage on your pasture, rangeland, or forage acres grown for the intended use of grazing by livestock or haying. This program is designed to give you the ability to buy insurance protection for losses of forage produced for grazing or harvested for hay, which result in increased costs for feed, destocking, depopulating, or other actions. PRF is an area-based plan of insurance that uses a rainfall index to determine losses and trigger indemnities.
Annual Forage (AF)
The Annual Forage pilot program provides coverage to acreage that is planted each year and used as feed and fodder by livestock. This pilot program utilizes the Rainfall Index to correlate to this annually planted acreage. Annual Forage has four growing seasons. At least two to three different intervals need to be selected for Annual Forage coverage depending on the state. The months within the intervals cannot overlap.
CAT coverage is offered in all four seasons, each with seven month intervals, but CAT is not available for crops and grasses intended or used for grazing. The Annual Forage pilot program is available only in a select number of states and counties. Ask your trusted ProAg agent for more information.
The Apiculture Pilot Insurance Program (API) provides a safety net for beekeepers’ primary income sources – honey, pollen collection, wax, and breeding stock. Apiculture systems consist of different types of plants or crops and often contain mixtures of different species, each with different growth habits and seasons, precipitation requirements, and other climate conditions necessary to maintain plant growth over extended periods of time. API was designed to provide maximum flexibility to cover these diverse situations.