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Pasture, Rangeland, and Forage (PRF)

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Pasture, Rangeland, and Forage (PRF). Pasture, Rangeland, Forage Rainfall Index Plan. PRF Policy Details Provides protection when rainfall is below normal as determined by coverage level you choose

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Presentation Transcript
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Pasture, Rangeland, Forage

Rainfall Index Plan

  • PRF Policy Details
  • Provides 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 2011
  • Acreage reporting is November 15th 2011
  • Premium billing is July 1st 2012
  • 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”

“Our Business is Keeping You in Business”

1-800/248-5480

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DECISION SUPPORT TOOL

Pasture, Rangeland, Forage

Location: Virginia County: Halifax Grid: 20605

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

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%

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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 INC

County: 083 County Base Value: $41.74 Protection Factor: 100 P O BOX 40

Crop: PRF Acres: 100 BROOKNEAL, VA 24528

Plan: Rainfall Index Share: 1.000 800/248-5480

Options:

Remarks:

Premium Analysis

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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 INC

County: 083 County Base Value: $263.91 Protection Factor: 100 P O BOX 40

Crop: PRF Acres: 100 BROOKNEAL, VA 24528

Plan: Rainfall Index Share: 1.000 800/248-5480

Options:

Remarks:

Premium Analysis

premium range
Premium Range

PastureHaylandRate

70/60 $0.30 $2.00 .017

90/150 $3.00 $23.00 .051

what does j t davis insurance agency offer
What Does J.T. Davis Insurance Agency Offer?
  • 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”

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