Crop Growers offers insurance coverage to protect haying and grazing land for up to 90% of normal rainfall.
Cortland, N.Y. — Forage losses from natural hazards, especially drought, can be a significant risk for forage and livestock producers. That is why Crop Growers, LLP, is pleased to provide Pasture, Rangeland and Forage (PRF) insurance. PRF can be an effective tool for producers who have experienced losses caused by reduced forage and grazing due to lack of rainfall. The sales closing and acreage reporting date for this important risk management tool is November 15.
“Farm profitability depends on the productivity of hay or pasture ground,” said Kelsey Mapstone, Northeast Marketing Agent with Crop Growers, LLP. “We need to help each farm carefully evaluate their business risks and make sure they are covered in the event of a lack of rainfall related forage loss.”
The PRF program is very affordable with support ranging from 51-59% of the premium. Producers can insure all or part of a pasture, rangeland or forage used for haying or grazing.
Producers choose which months to insure (minimum of two two-month “index intervals”). In any selected interval that rainfall is less than 90% of the historical average, the producer will receive a payment. There are no adjusters, no additional paperwork and no production history to maintain. Coverage is based on the experience of the entire normal rainfall grid and not on the individual farm or specific weather station.
The sales closing and acreage reporting date for Pasture, Rangeland and Forage (PRF) Rainfall Index Policy is November 15, 2020. No production reporting is required and there are no upfront costs as the billing date will be the following September 1, 2021.
Crop Growers, LLP
, is an independent agency that sells and services crop insurance for 34 different crops through a nine-state territory. Crop Growers is owned by Farm Credit East, in conjunction with other Northeast Farm Credit Associations. Producers do not need to be a Farm Credit customer to purchase crop insurance. Visit CropGrowers.com
or contact the Crop Growers Customer Service Center at 1-800-234-7012 to learn more.
Crop Growers, LLP
is owned by Farm Credit East, Yankee Farm Credit, and AgChoice Farm Credit. Over the past 16 years Crop Growers, LLP has developed risk management plans for northeast farmers that have responded to weather and market related crop losses by paying indemnities in excess of $350 million. To find out more about crop insurance, visit CropGrowers.com, contact your local Farm Credit branch office or our Northeast Customer Service Center at (800) 234-7012.
Crop Growers, LLP is an equal opportunity provider.
This content was originally released as a news release on August 17, 2020 with the following additional information:
Date: August 17, 2020
Contact: Kristie Matuszewski