NOAA Rainfall Data
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NOAA Rainfall Data
Pasture, Rangeland, and Forage insurance is based on the National Oceanic and Atmospheric Administration (NOAA) rainfall data reported for your specific area.
NOAA rainfall stations comprise a national network of stations scattered across the US to record and transmit weather data directly to the NOAA Climate Prediction Center (CPC).
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CUSTOMIZED POLICIES
Enjoy insurance policies that are custom-tailored to meet your operation’s unique needs
YEAR-ROUND SUPPORT
Benefit from year-round access to Ag-Industry experts eager to help manage risk on your ranch
Ranching Expertise
Know you’re working with a team of fellow ranchers, who understand your challenges
MAPPING SOFTWARE
Ensure that your PRF policy is built with precision through industry-leading software
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
Ranches
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.
HOW DO THE RAINFALL STATIONS WORK?
Rainfall data is collected from the 4 weather reporting stations that are closest to the center of each grid in which you have placed your PRF coverage. Although it's important to note that each of these stations do not record daily, instead data is collected from a different station each day.
RAINFALL COLLECTION
- Rainfall data for each grid is collected from 4 weather reporting stations in the area that are closest to its center.
- Rainfall data is collected by NOAA’s CPC, and compared against the grid’s 70-year average to determine if it was historically normal, above average, or below average.
RAINFALL AVERAGE
- If the grid’s rainfall data is determined to be below average, you’ll receive an indemnity on average 60-80 days after the end of the interval.
- If your grid(s) rainfall data is determined to be above average or normal your coverage will not be triggered for that interval.
USDA SUBSIDIZED
- PRF insurance is USDA subsidized, making the US government responsible for a portion of your premium.
- If your indemnities cover your premium in full, you will not owe a balance, meaning you’ll receive coverage with no cost out of pocket!
- Once your indemnities cover your premium, any remaining payment will go straight to you to use however you choose!
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REDD SUMMIT RELIES ON RAINFALL DATA TO OPTIMIZE YOUR PRF INSURANCE POLICY
With Redd Summit Advisors, your land can be run through industry-leading software that analyzes and interprets your land’s rainfall data with respect to its coinciding grids to generate hundreds of thousands of coverage possibilities.
You are then able to choose a custom-built policy that strategically allocates your coverage to maximize PRF insurance’s potential benefit to your operation.
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HOW IS RAINFALL DATA COLLECTED AND REPORTED FOR YOUR PRF POLICY?
Before we dive into how rainfall data is collected on your PRF policy, understanding grid allocation and coverage intervals will be important.
- All land in the United States is divided into approximately 13 x 17 mile grids.
- The coverage on your land is strategically placed with respect to your land’s grids, or the grids in which your land falls.
- Rainfall data for each of these grids is reported during your selected two-month coverage intervals (Jan - Feb, Mar - Apr, etc.).
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FIND OUT HOW A PRF INSURANCE POLICY WOULD PERFORM ON YOUR LAND
All we need to analyze your area’s rainfall data is your allotment address and the number of acres that you run on (remember they can be owned or leased!). You can receive a no-obligation policy preview by filling out our online form.
Or, you can call us at 1-800-825-2355 to speak with an agent and find out exactly how it would work on your operation. You can also watch this “PRF Basics” webinar to learn more about the PRF insurance program.
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.
NOAA Rainfall Data
FAQs
Answers to your questions.
No, crop insurance through PRF coverage protects you from rainfall volatility, not drought conditions.
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.
Pasture, Rangeland, and Forage insurance protects your grazing land from losses due to rainfall volatility.
Coverage begins on January 1 and is allocated throughout the calendar year based on the historic rainfall data in your area.
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.
Pasture, Rangeland, and Forage (PRF) is rainfall insurance. It protects your land from rainfall volatility and triggers indemnity payments when rainfall in your area is lower than average.
Get a free PRF policy preview
Find out how PRF would perform on your land this year without having to sign up!
Get a free lrp policy preview
Find out how LRP would perform on your land this year 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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