Insurance is critical for producers, especially when we factor in the uncertainty of our weather.
The U.S. Department of Agriculture Risk Management Agency offers the PRF program and policies covering the 2021 calendar year through crop insurance agents until Nov. 15. Premiums will be billed on Sept. 1, 2021.
While this program has been available to ranchers haying and grazing perennial acreage for awhile, there are some changes to eligibility requirements.
Some of these changes include:
-Producers are not required to insure all their acres for the entire 12-month period. They can choose the acres and months most important to their grazing and/or haying operations.
-To qualify, pasture/rangeland producers must have an insurable interest in the livestock grazing their land.
-Payment is not determined by individual damages, but rather area losses based on a grid system. Producers can select any portion of acres to insure, but they must select between a minimum of two and a maximum of six two-month periods.
For more infomation, contact your local Texas A&M AgriLife Extension Agent or contact AgriLife Extension Risk Management Specialist DeDe Jones at 806-677-5600 or [email protected]