Imagine the result of a growing season that only gave way to half of the amount of your area’s normal rainfall. Your forage growth is down, but your operating costs have gone up due to your effort to combat the dry spell. This scenario would put many producers in a tough spot and isn’t too far from a reality that nearly all of us in the industry have faced. The question is: how do we obtain protection from lower yields caused by lower rainfall, and what does that yield protection look like for cattle ranchers?
Luckily, the answer is simple. Yield protection is crop insurance, and the rancher’s crop insurance is Pasture, Rangeland, and Forage (PRF) insurance.
The rancher’s crop is forage, which is grown on their pasture and rangeland and then harvested through their livestock. So, how can PRF insurance protect your operation from lower forage yields?
However, protecting your operation from lower forage yields with PRF insurance is not quite as simple as blanketing your entire ranch with coverage. With Redd Summit Advisors, you can receive a customized policy that allocates your coverage in a way that maximizes your potential benefit from yield protection.
RSA allocates your coverage into the highest-performing grids so that you have the highest potential for benefit over the lifetime of your policy.
Your coverage is customized further by identifying the highest performing intervals to place your coverage to increase your chances of receiving indemnities. With this combination, you can then be assured that the policy that you choose is custom-built to your land with the best grid allocation and coverage interval possible to maximize your potential benefit while minimizing any potential risk to your operation.
Receiving a policy proposal from Redd Summit is actually pretty simple. We just need to know where you operate and how many acres you run on. Contact us or give us a call at (435) 625-1022. Or, fill out our online form to request a quote.
Even if you are unsure if PRF could benefit your operation, you owe it to yourself and your future success to at least get the numbers and make sure you aren’t leaving money on the table during dry seasons with low forage yield.
Find out how PRF would perform on your land this year without having to sign up!
.svg){kind=small}
