Rainfall Index (RI) Pasture, Rangeland, Forage (PRF) Insurance for 2024

Cows on pasture, photo by Lisa Scarbrough

The Rainfall Index – Pasture, Rangeland, Forage (PRF) Insurance policy is an area-based insurance plan that covers perennial pasture, rangeland, or forage used to feed livestock. It provides producers a risk management tool to cover forage losses due to lack of the precipitation needed to produce forage for their operation. The coverage is based on precipitation expected during specific intervals and is not design to insure against ongoing or severe drought. This policy is available for all counties in Iowa.

RMA Frequently Asked Questions

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Table 1. Policy Dates for 2024 Coverage in Iowa

Sales Closing DateDecember 1, 2023
Cancellation DateDecember 1, 2023
Acreage Reporting DateDecember 1, 2023
Premium Billing DateSeptember 1, 2024
End of Insurance DateDecember 31, 2024
Termination DateDecember 1, 2024
Contract Change DateAugust 31, 2024

Figure 1. Acres covered by Pasture, Rangeland, Forage insurance in Iowa, 2016-2023

2016 through 2023 acres covered by PRF insurance in Iowa
Source: USDA Risk Management Agency, Summary of Business

The video presentation below provides an example of how RI-PRF policy coverage can work. NOTE: policy deadlines mentioned at the end are not applicable for current policies. Refer to Table 1 for current deadlines. Additional revisions released in 2021 can be found on the RMA website.

Additional Resources

Rainfall Index Common Policy – Basic Provisions – 2024

Rainfall Index – Pasture, Rangeland, Forage (PRF) Crop Provisions – 2024

Rainfall Index Insurance Standards Handbook

United States Department of Agriculture Risk Management Agency (RMA) offers seven livestock plans and an annual forage insurance plan. Talk to your crop insurance agent to help you decide the option that is right for your operation, or use the Agent Locator to find one near you.

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