Economic Tidbits

Protecting Against Pasture Losses – PRF Insurance

The drought has left many agricultural producers across the state in disarray, and those with grazing and haying ground are no exception. According to the latest Crop Progress Report, 82 percent of Nebraska’s pastures and rangelands are currently scored as poor or very poor. With forage taking such a large hit in 2022, many may be interested in seeking out ways to protect against these losses going forward. Pasture, Rangeland, and Forage (PRF) Insurance is a great option at the producers’ disposal, and one that can put some money back in their pocket after dry years.

Nebraska Farm Bureau’s Inside Profitability Series webinar dives into the specifics of the PRF insurance program with the help of Aaron Berger, a Nebraska Extension Beef Educator in the Panhandle region. Aaron discusses the functionalities of PRF, the logistics behind the program, its effectiveness in protecting grazing and haying ground, and some guidelines in selecting coverage. As a reminder, the deadline to enroll in the PRF program is December 1, and we encourage those interested to work with their crop insurance agents in planning for the upcoming year. View webinar here:

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