The improved Pasture, Rangeland and Forage (PRF) program has proven to be an effective risk management tool for ranchers during this year’s drought. Analysis shows that in 2017, in drought-stricken parts of Montana, for every $1 spent on premium, $5 was paid in indemnities. For selected locations in northeast Montana, the average cost was $5,100 and the average drought payment was $26,000 (graph 1).

*Analysis is based upon insuring 75% of the precipitation during the 6 months with the highest precipitation (April-September) on 10,000 acres of rangeland using 2018 crop insurance data.

PRF is the first federally-subsidized insurance program allowing ranchers to manage their risks during short-term drought. In 2017, in Montana, PRF insured 1,560,005 acres. Nationwide – after positive experiences ranchers increased the amount insured by 20 million acres: insuring 70 million acres in 2017 (graph 2).

If your ranch is missing out on the benefits the improved PRF could provide, Ranchers Insurance LLC has the information necessary to make a smart decision. Ranchers Insurance LLC specializes in PRF and livestock operations. In a few minutes, we offer a no-commitment, ranch-specific analysis including an estimate showing how PRF would have performed for your ranch. For more information call Brandon at (435) 213-0463, email or visit