Pasture, Rangeland, and Forage (PRF)

Why should I insure my pasture & hayland?

 Good Risk Management

Keep plans on track (maintain herd size) Government pays up to 59% of your premium Tax Deductible Affordable cost

Tailor your coverage to “fit your pocketbook”  

Satisfies linkage at FSA Disaster program for hayland Livestock Forage program for pasture Eliminates requirement for NAP

$500/pasture and hayland

Since inception of the program in 2007, the program has paid out to date nationally $234,258,768.

“The Program Works” 

 

PRF Policy DetailsProvides protection when rainfall is below normal as determined by coverage level you choose

You must allocate a percentage of your total insured acres into at least 2-month time periods called Index Intervals. You may choose from eleven Index Intervals.

How to select an interval What months are most critical for rainfall to produce

forage?

You must elect to insure pasture or hay land. Different county base values apply to each type. You select a Protection Factor with a value between 60 and 150 percent of the County Base Value. This further customizes your coverage. You choose a coverage level of 70, 75, 80, 85, or 90.  You can choose to insure only the acres important to your grazing program or hay operation.

Sales closing is September 30th 2011Acreage reporting is November 15th 2011Premium billing is July 1st 2012

 “Our Business is Keeping You in Business”1-800/248-5480

Pasture, Rangeland, ForageRainfall Index Plan

YearJan-Feb

Feb-Mar

Mar-Apr

Apr-May

May-Jun

Jun-Jul

Jul-Aug

Aug-Sep

Sep-Oct

Oct-Nov

Nov-Dec

2010 105.6 115.8 107.0 100.2 100.5 70.7 125.1 155.0 127.1 n/a n/a

2009 60.1 72.4 98.8 142.0 164.0 115.1 98.7 89.6 78.7 176.8 252.4

2008 56.0 88.6 140.6 163.4 110.3 85.6 83.2 120.7 108.7 70.0 114.5

2007 106.6 89.9 103.6 80.7 85.4 88.2 54.4 31.9 108.2 110.7 60.0

2006 70.1 29.3 33.9 59.0 82.3 100.3 89.8 146.2 197.9 188.6 113.3

2005 78.1 85.5 88.5 69.0 83.3 101.4 86.3 41.3 90.4 141.8 116.2

2004 63.6 55.7 73.7 103.3 118.8 129.8 137.3 137.1 95.8 123.7 129.9

2003 130.6 166.9 149.4 214.5 231.1 191.3 144.8 171.1 167.2 107.6 128.7

2002 56.6 72.6 79.0 80.8 75.3 69.9 106.8 85.0 122.9 181.2 156.0

2001 71.7 108.8 96.1 85.8 109.0 87.3 74.7 75.9 52.6 17.6 50.6

Protection Information: Protection Factor (%): 100 Share (%): 100 Sample Year: 2010

Location: Virginia County: Halifax Grid: 20605

DECISION SUPPORT TOOLPasture, Rangeland, Forage

Frequency 90: 70% 70% 40% 50% 40% 50% 50% 50% 20% 10% 20%

Frequency 70: 40% 20% 10% 20% 0% 10% 10% 20% 10% 10% 20%

RURAL COMMUNITY INSURANCE COMPANY

RURAL COMMUNITY INSURANCE SERVICES 2010 PREMIUM & LOSS ANALYSIS

***THIS IS AN ESTIMATE ONLY***

QUOTE INFORMATION AGENCY INFORMATION

State: VA Type: Pasture Grid: 20605 J T DAVIS INSURANCE AGENCY INCCounty: 083 County Base Value: $41.74 Protection Factor:100 P O BOX 40Crop: PRF Acres: 100 BROOKNEAL, VA 24528Plan: Rainfall Index Share: 1.000 800/248-5480Options:Remarks:

Premium Analysis70% 75% 80% 85% 90%

Coverage Per Acre $29.22 $31.31 $33.39 $35.48 $37.57

Cost Per Acre $0.43 $0.65 $1.02 $1.39 $2.00

Index Value Interval

71.0 Jun/Jul ‘10 $0.00 $166.00 $377.00 $585.00 $793.00

RURAL COMMUNITY INSURANCE COMPANY

RURAL COMMUNITY INSURANCE SERVICES 2010 PREMIUM & LOSS ANALYSIS

***THIS IS AN ESTIMATE ONLY***

QUOTE INFORMATION AGENCY INFORMATION

State: VA Type: Hayland Grid: 20605 J T DAVIS INSURANCE AGENCY INCCounty: 083 County Base Value: $263.91 Protection Factor:100 P O BOX 40Crop: PRF Acres: 100 BROOKNEAL, VA 24528Plan: Rainfall Index Share: 1.000 800/248-5480Options:Remarks:

Premium Analysis70% 75% 80% 85% 90%

Coverage Per Acre $184.74 $197.93 $211.13 $224.32 $237.52

Cost Per Acre $2.72 $4.10 $6.42 $8.77 $12.60

Index Value Interval

71.0 Jun/Jul ‘10 $0.00 $1,108.00 $2,386.00 $3,701.00 $5,012.00

Pasture Hayland

Rate

70/60 $0.30 $2.00.017

90/150 $3.00 $23.00.051

Premium Range

5 office personnel to serve you with combined

experience of 80 years Devoted 100% to crop insurance Individual risk management planning Experienced, competent adjusting staff Fast claim turn around

Direct deposit E-Business access Toll free 800 service Represents the #1 insurance provider

RCIS Subsidiary of Wells Fargo and Company AM best rating

- “A”

What Does J.T. Davis Insurance Agency Offer?