Our team at Agriliance insures haying and grazing acres in many different states across the country and we provide risk management advice for each farm individually. This program is designed to provide additional income to help offset haying/forage losses, due to a lack of rainfall. Growers select coverages based on rainfall data that has been collected since 1948 and intervals are set up in 2-month terms. If the rainfall total for a selected interval falls below the elected coverage level, the grower would receive an indemnity payment. Coverage levels range from 70-90%. The grower may also select an indemnity multiplier between 60-150%. The indemnity multiplier would increase the established hay or grazing value set by each county.
The Risk Management Agency (RMA) administers crop insurance policies for hay and grazing acres in many different states and has different options and tools for farmers to protect their financial risk during the growing season. Our team has partnered with several different Approved Insurance Providers (AIP’s) who offer many different private products that can help supplement a farmers risk management plan. It is our goal to provide the most complete risk management plan in the most economical way possible. Please give us a call to discuss your haying and grazing insurance plan and learn more about how we can add value to your specific operation.