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Risk Management

Prepaying Your Premium: Why You May Want To

A fallen petrified tree in an orange, desert landscape, with a dense field of brush and a rocky outcropping pictured in the distance.

Although your PRF insurance premium is not due until September of 2023, many ranchers choose to prepay their 2023 PRF insurance premiums to offset their business expenses at the close of a fiscal year. Consult with a tax specialist to determine if pre-paying your premium is the right move for your operation this tax season, and reach out to your Redd Summit Agent for payment information to move forward.

*Redd Summit Advisors does not claim to be tax experts, and as such, cannot offer tax advice. Speak with your tax professional.




Post Author
Allison Blackmon

Alli is excited to share information, tools, and strategies with ranchers to help keep this industry profitable and sustainable for the incoming generation.

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