Pasture, Rangeland and Forage Rainfall Index Insurance (PRF-RI) is a relatively new insurance product offered by the USDA Risk Management Agency. PRF-RI is meant to insure livestock and forage producers against lower than average rainfall which could decrease forage production. This webinar will explore PRF-RI as a potential risk management tool for livestock and forage producers. Attendees will gain insights into how PRF-RI differs from traditional yield and revenue crop insurance policies and how to evaluate policy decisions, such as the coverage level and the time of year to insure.