A Beginner’s Guide to Signing Up for PRF Insurance

What’s in your ranch’s risk management toolbox for the upcoming year? If you’re not sure what to add first, pasture, rangeland, and forage insurance is a great product to select because it helps you protect your hay crop or grazing ground against losses from lack of rainfall.

Administered by the USDA Risk Management Agency (RMA) and sold through private insurance companies like Redd Summit Advisors, PRF insurance is an area-based program that covers perennial pasture, rangeland, and forage land used to feed livestock. The policy provides you indemnity payments when rainfall goes below average for acreage in your area, helping you get the cash you need to replace the lost value in your hay or grazing acres.

What does the PRF insurance sign-up process look like?

Signing up for coverage is easy. You can start by calling Redd Summit Advisors at 1-800-825-2355 or filling out our online form. We’ll connect you with an agent who will supply you with a no-obligation policy preview. If you prefer, you can simply schedule a 30-minute consultation here.

When selecting coverage, we will help you assess loss risk based on historical rainfall data and information we’ll gather using our industry-leading software. After this, you choose the time periods you want to insure your land for, along with level of coverage (70 to 90%) and level of production (60 to 150%). Your premium won’t be due until the end of September the following year, and because we deduct the premium from your indemnity payments until paid in full, it’s possible you won’t have a payment on the due date.

A few things to note:

  • Enrollment is on a calendar year basis and PRF insurance is available in 48 contiguous states, with a December 1 sign-up deadline.
  • Coverage is available in two-month periods called index intervals. Your policy must include a minimum of two index intervals and a maximum of six–and none can overlap.
  • A loss is triggered when precipitation falls below average for an index interval in an acreage area. All insured ranches in the acreage area will receive an indemnity payment for that index interval.
  • PRF insurance is not a catastrophic insurance product and does not insure against drought.
  • RMA has a webpage with a PRF Support Tool you can use to locate your land’s grids, see historical indexes, explore coverage options, and estimate indemnities. You may also find it helpful to review the RMA website for program news and Rainfall Index information.
"PRF is the rancher's answer to the farmer's crop insurance. We are insuring our forage through the pasture, rangeland, and forage insurance program."

Why should I sign up for PRF insurance? Do I really need pasture insurance?

“PRF is the rancher’s answer to the farmer’s crop insurance,” according to Ross Bronson, an Ag Risk Consultant with Redd Summit Advisors. “As ranchers, our crop is grass. We harvest the grass through our cattle. We are insuring our forage through the pasture, rangeland, and forage insurance program.”

Besides an easy application process, PRF insurance is a no-hassle type of coverage for your operation with zero up-front costs. You don’t have to file claims, you won’t be visited by claims adjusters, and your payments are issued automatically if you incur a loss.

Contact Redd Summit Advisors today for a consultation at 1-800-825-2355 or book one here.

Ross Bronson

Ross was born to a dairyman in Southeast Idaho. Although his family left the dairy when he was young, his father instilled in him the values of agriculture and a love for its way of life. Ross has a Master's Degree in Ranch Management from the King Ranch Institute and has consulted for many ranches on issues such as precipitation data collection, marketing strategies for calves, cost of gain vs. marginal incremental value of fed cattle, regenerative practices for ranches, and range management and grazing strategies. Ross is excited to have found a way to continue helping ranches identify the needs of their operations and the tools necessary to address those needs.

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