By Kay Ledbetter
Over the years, Texas ranchers and landowners have learned that growing grass for cattle is a risky business. Not so much dangerous, but very dependent on the weather.
For that reason, DeDe Jones, Texas A&M AgriLife Extension Service risk management specialist in Amarillo, said producers need to consider the perennial Pasture, Range and Forage Insurance, designed to protect livestock and hay producers against production losses.
The 2016 sign-up and acreage reporting deadline for this U.S. Department of Agriculture Risk Management Agency program is Nov. 15. Premiums will be billed Sept. 1, 2017, Jones said.
“Many weather experts predict the upcoming winter and spring to be warmer than usual, with below-normal precipitation patterns,” she said. “As a result, livestock producers may consider adding PRF insurance to provide an extra layer of protection against low moisture conditions.”
Payment is not determined by individual damages, but rather area losses based on a grid system, Jones explained. Producers can select any portion of acres to insure, but they must also select between a minimum of two, two-month intervals and a maximum of six, two-month intervals per year.
Coverage levels between 70 and 90 percent are available, she said. Once coverage is selected, the producer also chooses a productivity factor between 60 and 150 percent. The productivity factor is a percentage of the established county base value for forage.
Click here to see more...