Monday, December 05, 2016

Managing Drought Risk on the Ranch

Federal Crop Insurance Options

RMA Pasture Rangeland Forage and Annual Forage Insurance

Is this a good risk management option for me? (pdf)

Program Overview

  • AREA plan only
  • Losses cover an area called a grid
  • No individual coverage
  • Does NOT measure actual individual production
  • Index – based on deviation from normal/historical
  • No loss adjustments, records, etc.
  • Timely payments
  • Does not reward poor management practices
  • Producer cannot influence outcome/losses

 

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