Do you have your Pasture, Range and Forage Insurance? -

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Do you have your Pasture, Range and Forage Insurance?

Do you have your Pasture, Range and Forage Insurance? Insurance like this is setup not only for hay farmers but livestock owners as well if they were to have losses on the property.

When is the deadline? November 15, 2013 for the 2014 year.

“Insurance is a critical component in producers’ risk management portfolios during periods of drought or uncertainty,” she said. “This policy benefited many cattle producers around the Panhandle in 2011 and 2012 due to the low rainfall conditions.”
You can have between 70 and 90 percent of your property covered.

The standard value is a rate determined by the Risk Management Agency for each and every county. Texas uses the rainfall index to help them decide the insurance coverage (rain data comes from the National Oceanic and Atmospheric Climate Prediction Center data).

You can check out the tool here.


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