Pasture, Rangeland, and
Forage (PRF) Insurance
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HOW DOES PRF INSURANCE WORK?
PRF (Pasture, Rangeland, Forage) insurance coverage is based on the direct correlation between below-average rainfall and decreased forage production. Here's a snapshot of how it works:
Insure your grazing or haying ground for up to 90% of average rainfall.
Receive indemnity payments when rainfall is lower than average in your area.
No premium is due up-front - indemnities go toward your premium first until the balance is satisfied. Additional payments go straight to you.
Your land is insured in two-month intervals throughout the year.
PRF insurance covers grazing or haying acres, whether owned or leased.
Have more questions about PRF insurance? Talk to an expert today.
PRF FAQs
Answers to your PRF questions.
When do you get PRF insurance indemnities?
Your PRF insurance indemnities will hit your mailbox when:
- Your PRF insurance premium is paid in full.
- Your insured grid(s) receive less rainfall than your chosen coverage level (70%-90% of the 70-year average) during one of your insured intervals.
Remember: PRF insurance is self-funding. Indemnities are credited to your premium balance first. Once the balance is paid in full, any additional indemnities are issued directly to you.
How does the USDA Subsidize PRF insurance?
The Government on PRF insurance is dependent on your chosen coverage level.
- 90% coverage has a 51% subsidy
- 85% to 80% coverage has a 55% subsidy
- 75% to 70% coverage has a 59% subsidy
- Your coverage level refers to the percentage of normal rainfall that you’re PRF policy insures.
When is the PRF insurance deadline?
The deadline to sign an application for a 2024 PRF insurance policy is December 1, 2023.
How is PRF insurance different from FSA Disaster Programs?
The biggest difference between PRF insurance and the FSA programs is that PRF insurance is offered as an insurance product, in which the producer is responsible for a premium.
The FSA disaster programs are aid programs, in which there is no input from the producer. These programs require the producer to meet certain criteria and fill out the necessary paperwork. After doing so, the producer may or may not receive the needed funds.
It is worth noting that the funds from most FSA offices are often issued after the need arises. Indemnities from PRF insurance are often available about 60-90 days after the interval ends.
How to sign up for PRF insurance
You can complete your PRF insurance sign-up and application process in three easy steps.
- Contact a Redd Summit Agent by submitting this online form, by calling (435) 625-1022
- Complete a 5-minute application
- Lock in your coverage
Is PRF insurance rainfall insurance?
Pasture, Rangeland, and Forage (PRF) insurance is often informally referred to as rainfall insurance or drought insurance because ranchers utilize the coverage to protect their profits from the impact of below-average rainfall.
How to qualify for PRF insurance
PRF insurance is built for the livestock producer, not the landowner. If you own livestock, you can qualify for PRF insurance, whether your insured land is owned or leased.
Hay ground can also qualify for PRF insurance coverage if it is used to harvest forage for livestock – as long as it is not enrolled in a different crop insurance program.
When can I collect PRF Insurance indemnities?
Your indemnities first go toward your premium. Once your premium is satisfied, any future indemnities come straight to you.
How do you create the best PRF insurance policy for me?
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 PRF policy that will benefit you the most.
How do I qualify for PRF insurance?
If you have cattle, you probably qualify for PRF insurance.
Can I participate in FSA programs and PRF insurance at the same time?
Yes, PRF Insurance can be used along with FSA assistance programs.
How are PRF insurance agents paid?
Agents are paid a commission based on the premium of your policy.
What is a GIS Grid for PRF insurance?
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.
Where do PRF indemnity payments come from?
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).
What kind of land can I insure with PRF insurance?
PRF insurance can be applied to any acreage that you run on, whether owned or leased.
How much does PRF insurance cost?
That is based on your county values assigned by the USDA. It can vary.
What conditions characterize sustainable grazing conditions?
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.
100
+
Years
Lean on a team with 100+ years of ranching experience dedicated to your operation’s success.
92
%
renewal
Enjoy the same coverage and support that has led to 92% of ranchers renewing their policies year after year.
9.7
/10
rating
Entrust your coverage with a team that has received a satisfaction rating of 9.7/10 from insured producers
50
M
ACRES
Make your ranch a part of the 50 million+ acres currently safeguarded with PRF insurance.
pasture, rangeland, and forage insurance
policies tailored to you
Ranchers insured through Redd Summit receive PRF insurance policies that are custom-built to their unique needs. With unique technology, your land can be thoroughly analyzed to generate hundreds of thousands of coverage possibilities. When you choose your PRF policy, you can be assured that your coverage is strategically placed to maximize the potential benefit to your operation.
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the redd summit difference
With Pasture, Rangeland, and Forage (PRF) insurance you can protect your operation from volatile rainfall and drought. But, rainfall on your land is unique, so why settle for a generic policy when you can receive one that is custom-made using state-of-the-art software, combined with 100 years of ranching expertise?
Technology and experience
Leverage technology and expertise in PRF Insurance.
ranchers helping ranchers
You'll receive a PRF policy that is built on over 100 years of combined ranching experience, and you can be assured that any policy offered to you is one that we would use on our own land.
Highly personalized rainfall insurance policies
Ranchers insured through Redd Summit receive PRF insurance policies that are custom-built to their unique needs. With leading technology, your land can be thoroughly analyzed to generate hundreds of thousands of PRF coverage possibilities. When you choose your PRF policy, you can be assured that your coverage is strategically placed to maximize the potential benefit to your operation.
Expert mapping of your land on Pasture, Rangeland, & Forage INSURANCE
With Pasture, Rangeland, and Forage (PRF) insurance you can protect your operation from volatile rainfall and drought. But, rainfall on your land is unique, so why settle for a generic policy when you can receive one that is custom-made using state-of-the-art software, combined with 100 years of ranching expertise?
Start a free PRF policy Quote
Find out how a PRF policy would perform on your land without having to sign up!
WE’D LOVE TO COME SEE YOUR RANCH!
We make regular visits to ranches across the country, we would love to come visit you and show you the benefits of PRF insurance.
Trusted by 800+ ranches & 50 million acres
"PRF Insurance helped maintain our herd size. It even increased a little during dry years."
Dennis W Jones
"PRF through Redd Summit has greatly improved our operation in a short time by balancing cash flow ebbs and flows that were due to dry spells. Redd Summit is great to work with and diligent in answering any questions that we might have."
Jacob Doonan
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Have you seen the data?
Find out how PRF insurance policies perform in every county in the United States. Learn how much you could gain with coverage!
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