Harvesting Value: Revenue Protection Tools for Beef Cattle Producers
Don Close, Terrain, gives an overview of the beef cattle industry for 2024 and 2025.
Crop Insurance Agent Michael Redmond also summarizes Pasture, Rangeland, Forage (PRF) and Livestock Risk Protection (LRP) federal crop insurance.
PRF is utilized by grazers and forage operations to manage risk and offset revenue losses during periods of low precipitation. Michael explains how the policy works, including the Rainfall Index, coverage levels, and productivity factors.
He also outlines LRP coverage levels and pricing and how the policy can help producers protect against national marketplace volatility.