PRF insurance is an insurance program designed for land grown for the intended use of grazing by livestock or haying. The product protects against yield losses caused by low precipitation relative to a historic average.
Coverage is based on the Rainfall Index, which uses rainfall data from the National Oceanic and Atmospheric Administration Climate Prediction Center (NOAA CPC). The program uses a numbered grid system created by the NOAA CPC and not state, county, or other geopolitical boundaries like other Federal crop insurance area insurance plans. Each grid is equal to an area equal to 0.25 degrees in latitude and by 0.25 degrees in longitude.
The PRF insurance program gives farmers and ranchers the ability to help cover the replacement feed costs when a loss of forage for grazing or haying is experienced due to lack of precipitation.