IDEAS home Printed from https://ideas.repec.org/a/ags/illufd/358403.html
   My bibliography  Save this article

Important PRF-RI Insurance Decisions: Which Months to Insure?

Author

Listed:
  • Goodrich, Brittney

Abstract

Pasture, Rangeland and Forage Rainfall Index Insurance (PRF-RI) is an underutilized insurance product by livestock and forage producers in the Midwest (see farmdoc daily article from October 9, 2024). One aspect of PRF-RI that sets it apart from traditional crop insurance is that producers choose the months they want to insure against low rainfall. This allows for flexibility in insuring different types of forage production systems that may benefit from rainfall at different times during the year. Enrolling in different months throughout the year affects the total premium paid by the producer, the amount and frequency of indemnities collected, and ultimately how much forage production risk is managed through PRF-RI.

Suggested Citation

  • Goodrich, Brittney, 2025. "Important PRF-RI Insurance Decisions: Which Months to Insure?," farmdoc daily, University of Illinois at Urbana-Champaign, Department of Agricultural and Consumer Economics, vol. 14(204).
    • Handle: RePEc:ags:illufd:358403
    DOI: 10.22004/ag.econ.358403
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/358403/files/fdd110824.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.358403?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:illufd:358403. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/dauiuus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.