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The USDA Risk Management Agency approved changes to Pasture, Rangeland and Forage (PRF) insurance effective with the 2027 crop year. New rules require grazing operations to maintain a livestock stocking rate of at least 25% of the average for insured acres, and cap coverage allocated to the January-February interval at 25% of insured value.
Ranchers must enroll by December 1.
The changes affect how much rainfall-based forage protection ranchers can buy, which influences their replacement feed exposure during drought. Tighter coverage may leave more ranchers exposed to feed cost spikes, with limited direct price impact on grain or feed markets.
texasfarmbureau.orgEmmy PowellNov 12, 2026Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
