Potential Budgetary Impacts of Climate Change on the Pasture, Rangeland, and Forage Insurance Plan

by Dylan Turner, Katherine Baldwin, Jayson Beckman, Noé J. Nava, Francis Tsiboe, and Kate Vaiknoras

More frequent and severe weather events are projected with climate change, which could affect forage commodities and livestock producers. The U.S. Federal Government offers programs to help livestock producers mitigate the financial impacts of these adverse events. One of these programs is The Pasture, Rangeland, and Forage (PRF) insurance plan, which is offered through the USDA, Federal Crop Insurance Program (FCIP). This report provides projected changes to precipitation (using climate estimates), biomass (using a livestock rangeland model), and future participation in PRF to estimate future payments and costs associated with the PRF program.

Keywords: Climate, Federal Crop Insurance Program (FCIP), Pasture Rangeland and Forage Insurance Plan, precipitation, insurance

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