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Pasture, Rangeland, and Forage (PRF) PowerPoint Presentation
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Pasture, Rangeland, and Forage (PRF)

Pasture, Rangeland, and Forage (PRF)

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Pasture, Rangeland, and Forage (PRF)

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  1. Pasture, Rangeland, and Forage (PRF)

  2. Pasture, Rangeland, Forage Rainfall Index Plan • PRF Policy Details • Provides protection when rainfall is below normal as determined by coverage level you choose • You must allocate a percentage of your total insured acres into at least 2-month time periods called Index Intervals. You may choose from eleven Index Intervals. • How to select an interval • What months are most critical for rainfall to produce forage? • You must elect to insure pasture or hay land. Different county base values apply to each type. • You select a Protection Factor with a value between 60 and 150 percent of the County Base Value. This further customizes your coverage. • You choose a coverage level of 70, 75, 80, 85, or 90. • You can choose to insure only the acres important to your grazing program or hay operation. • Sales closing is September 30th 2011 • Acreage reporting is November 15th 2011 • Premium billing is July 1st 2012 • Why should I insure my pasture & hayland? • Good Risk Management • Keep plans on track (maintain herd size) • Government pays up to 59% of your premium • Tax Deductible • Affordable cost • Tailor your coverage to “fit your pocketbook”   • Satisfies linkage at FSA • Disaster program for hayland • Livestock Forage program for pasture • Eliminates requirement for NAP • $500/pasture and hayland • Since inception of the program in 2007, the program has paid out to date nationally $234,258,768. • “The Program Works” “Our Business is Keeping You in Business” 1-800/248-5480

  3. DECISION SUPPORT TOOL Pasture, Rangeland, Forage Location: Virginia County: Halifax Grid: 20605 Protection Information: Protection Factor (%): 100 Share (%): 100 Sample Year: 2010 Frequency 90:70% 70% 40% 50% 40% 50% 50% 50% 20% 10% 20% Frequency 70: 40% 20% 10% 20% 0% 10% 10% 20% 10% 10% 20%

  4. RURAL COMMUNITY INSURANCE COMPANY RURAL COMMUNITY INSURANCE SERVICES 2010 PREMIUM & LOSS ANALYSIS ***THIS IS AN ESTIMATE ONLY*** QUOTE INFORMATION AGENCY INFORMATION State: VA Type: Pasture Grid: 20605 J T DAVIS INSURANCE AGENCY INC County: 083 County Base Value: $41.74 Protection Factor: 100 P O BOX 40 Crop: PRF Acres: 100 BROOKNEAL, VA 24528 Plan: Rainfall Index Share: 1.000 800/248-5480 Options: Remarks: Premium Analysis

  5. RURAL COMMUNITY INSURANCE COMPANY RURAL COMMUNITY INSURANCE SERVICES 2010 PREMIUM & LOSS ANALYSIS ***THIS IS AN ESTIMATE ONLY*** QUOTE INFORMATION AGENCY INFORMATION State: VA Type: Hayland Grid: 20605 J T DAVIS INSURANCE AGENCY INC County: 083 County Base Value: $263.91 Protection Factor: 100 P O BOX 40 Crop: PRF Acres: 100 BROOKNEAL, VA 24528 Plan: Rainfall Index Share: 1.000 800/248-5480 Options: Remarks: Premium Analysis

  6. Premium Range PastureHaylandRate 70/60 $0.30 $2.00 .017 90/150 $3.00 $23.00 .051

  7. What Does J.T. Davis Insurance Agency Offer? • 5 office personnel to serve you with combined experience of 80 years • Devoted 100% to crop insurance • Individual risk management planning • Experienced, competent adjusting staff • Fast claim turn around • Direct deposit • E-Business access • Toll free 800 service • Represents the #1 insurance provider • RCIS • Subsidiary of Wells Fargo and Company • AM best rating - “A”