USA - A Product for Livestock and Forage Producers
The Pasture, Rangeland, and Forage Rainfall Index (PRF-RI) is a crop insurance product underutilized by Illinois livestock and forage producers.Only 6% of the eligible acres in Illinois were insured in 2024, much lower than use west of the Mississippi. Like other Federal crop insurance programs, PRF-RI is heavily subsidized.Over time, PRF-RI has returned $1.29 in payments for each $1 in producer-paid premium. Illinois and Midwest livestock and forage producers should consider using PRF-RI as a risk management tool.