We know the toll that a dry year can have on a ranch, and we have used this program to help hundreds of ranching operations nationwide, including our own!
Our agents and support representatives are dedicated to making PRF insurance easy for you! We minimize the paperwork and keep you up-to-date with detailed monthly statements throughout the year.
Our specialized, state of the art software allows us to analyze the historic rainfall data for your land and run thousands of scenarios to create a personalized policy that maximizes the program’s effectiveness, while minimizing your risk.Learn More About Redd Summit
Policies sold in 2021
Acres insured in 2021
Indemnities paid in 2020
All data courtesy of the RMA’s summary of business data
Additional info about the PDF
Coverage begins on January 1 and is allocated throughout the calendar year based on the historic rainfall data in your area.
We use our unique technology to analyze 70 years of rainfall data on your land. This, combined with our ranching expertise allows us to make a custom policy that will benefit you the most.
If you have cattle, you probably qualify for PRF insurance.
Your indemnities first go toward your premium. Once your premium is satisfied, any future indemnities come straight to you.
No! It’s based on your local area's long term average so it doesn’t really matter what region you’re in. If you’re drier than average, your policy will have an indemnity.
Yes, PRF Insurance can be used along with FSA assistance programs.
PRF is insurance issues payments automatically when you incur a loss due to lower-than-average precipitation. Public disaster programs that provide assistance only based on perceived need. Why not have both?
NOAA calculates rainfall data at your four closest rain stations. Data is finalized 60-80 days after the end of a coverage interval. After this, the AIPs apply appropriate indemnity amounts or issue checks if your premium is paid off.
Yes! They are different programs. You can benefit from both at the same time!
Yes! We just need documentation of the lease agreement.
Most insurance companies offer payment plans if a premium is owed.
With Redd Summit's specialty software, you can be assured that your coverage is strategically placed to optimize your policy's performance and maximize its potential benefit to your operation.
By offering financial means outside your normal yearly budget when you need the capital most! This helps avoid coming up with needed funds to address situations such as buying forage, or the need to sell livestock or other needed equipment to avoid or cover those unexpected expenditures.
Agents are paid a commission based on the premium of your policy.
Approximately 11x22 mile area used to help identify coverage for PRF purposes. This is what will be considered your “local area” and used for measuring precipitation.
That is based on your county values assigned by the USDA. It can vary.
Through pasture improvement and quality management practices, like not over grazing and proper pasture rest. I can surely help with that.
Sustainable grazing conditions are conditions where both livestock and wildlife can feed without detriment to habitat and soils. These are conditions where average long term forage volatility is reduced through quality management practices.
The check that you’ll receive for your indemnity payments come from your insurance provider. However, the money itself comes from the USDA’s subsidy of PRF and is administered by the USDA’s Risk Management Agency (RMA).
No, but an agent can give you an estimate of how often you might owe a premium.
PRF insurance can be applied to any acreage that you run on, whether owned or leased.
An agent cannot, by law, give a discount on your premium. All premium rates and commission rates are predetermined by the RMA division of the USDA. However, an agent can set your PRF policy up in a way that maximizes your potential for benefit and minimizes your risk.
Any indemnity payment received from your PRF insurance policy are yours to use as you see fit. Some ranchers supplement their forage costs, while others purchase replacement heifers or simply contribute to their savings accounts.