{"id":3463,"date":"2023-04-13T08:00:26","date_gmt":"2023-04-13T14:00:26","guid":{"rendered":"https:\/\/rightrisk.org\/news\/?p=3463"},"modified":"2023-04-11T18:11:25","modified_gmt":"2023-04-12T00:11:25","slug":"evaluating-pasture-rangeland-forage-rainfall-index-coverage-8","status":"publish","type":"post","link":"https:\/\/rightrisk.org\/news\/2023\/04\/13\/evaluating-pasture-rangeland-forage-rainfall-index-coverage-8\/","title":{"rendered":"Evaluating Pasture, Rangeland, Forage &#8211; Rainfall Index Coverage"},"content":{"rendered":"<div id=\"attachment_001\" class=\"wp-caption alignleft\" style=\"width: 350px\"><a href=\"https:\/\/www.uwagec.org\/rightrisk\/news\/wp-content\/uploads\/2023\/04\/2023_04_13_RRPost.pdf\" rel=\"noopener noreferrer\" target=\"_blank\"><img decoding=\"async\" class=\"size-full wp-image-001\" title=\"RightRisk Post\" src=\"https:\/\/www.uwagec.org\/rightrisk\/news\/wp-content\/uploads\/2023\/04\/2023_04_13_RRPost_FCBK.png\" alt=\"Graphic of RightRisk Media Post\" width=\"388\" height=\"388\"><\/a><\/div>\n<p>#RightRisk #RiskInAg #AgRiskMgt<br \/>\n<strong><br \/>\nFor examples using the RSP tool see Applied Risk Analytics \u201cEvaluating Pasture, Rangeland, Forage &#8211; Rainfall Index Coverage\u201d at: RightRisk.org\/AppliedRiskAnalytics.<br \/>\n<\/strong><br \/>\n<!--more--><\/p>\n<p><em><br \/>\nPASTURE, RANGELAND, FORAGE &#8211; Rainfall Index coverage (RI-PRF) is designed to offer protection against revenue losses resulting from decreased forage production, using a rainfall index to indicate low precipitation levels. The Risk Scenario Planning tool from RightRisk.org can, with a little creativity, be used to analyze expected net revenue under an RI-PRF policy. The resulting cumulative distribution graph provides the probability of earning a net return at or below any certain value. With this information in hand we can begin to answer questions like: \u201cHow effective is this coverage?\u201d or \u201cHow often would it pay?\u201d <\/p>\n<p>The Risk Scenario Planning tool is one of over 30 individual risk analysis tools developed by RightRisk and available free of charge at: RightRisk.org\/analytics.<br \/>\n<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>#RightRisk #RiskInAg #AgRiskMgt For examples using the RSP tool see Applied Risk Analytics \u201cEvaluating Pasture, Rangeland, Forage &#8211; Rainfall Index Coverage\u201d at: RightRisk.org\/AppliedRiskAnalytics.<\/p>\n","protected":false},"author":1,"featured_media":6073,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"class_list":["post-3463","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-rightrisk-post"],"_links":{"self":[{"href":"https:\/\/rightrisk.org\/news\/wp-json\/wp\/v2\/posts\/3463","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/rightrisk.org\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rightrisk.org\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/rightrisk.org\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/rightrisk.org\/news\/wp-json\/wp\/v2\/comments?post=3463"}],"version-history":[{"count":1,"href":"https:\/\/rightrisk.org\/news\/wp-json\/wp\/v2\/posts\/3463\/revisions"}],"predecessor-version":[{"id":3464,"href":"https:\/\/rightrisk.org\/news\/wp-json\/wp\/v2\/posts\/3463\/revisions\/3464"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/rightrisk.org\/news\/wp-json\/wp\/v2\/media\/6073"}],"wp:attachment":[{"href":"https:\/\/rightrisk.org\/news\/wp-json\/wp\/v2\/media?parent=3463"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rightrisk.org\/news\/wp-json\/wp\/v2\/categories?post=3463"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rightrisk.org\/news\/wp-json\/wp\/v2\/tags?post=3463"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}