About Us
Our Values
At North Red Insurance, we feel honored to serve people in production agriculture and to help them make better, more informed risk management decisions. We have a farming and ranching heritage and share your values of faith, hard work, family, and generational land stewardship.
Protecting Futures
At North Red Insurance, we focus on USDA programs that can be used to manage many of the risks involved in farming and ranching, including lack of rainfall, failed hay and forage crops, and volatile cattle prices.
We strive to preserve family farms and ranches by combining our long held values with subsidized USDA programs, individualized policies, and industry-leading technology.
Building Relationships
Every farm and ranch has different insurance needs. We strive to sit down with each and every rancher we serve and comprehensively review their policies each year. We are here to serve you and your family; for this generation, the next, and those yet to come.
Call us today for a personalized farm and ranch assessment and find out how we can help.
Products and Services
Pasture, Rangeland, Forage Insurance
Pasture, Rangeland, Forage (PRF) insurance insures against lack of rainfall for perennial grazing or haying acres. In part, the program was designed to help ranchers pay feed bills during periods of below average rainfall.
NOAA has maintained a regionalized grid of both average and recorded rainfall since 1948. Claims occur when recorded rainfall falls below the historical average, as measured in up to eleven, two-month periods throughout the year. These claims are generally calculated and paid within 65 days of the end of each two-month period. This immediate relief helps cover increasing feed costs throughout the year.
Annual Forage
Annual Forage (AF) insurance insures crops against a lack of rainfall for all of a producer’s annually-grown acreage that is produced as feed and fodder for livestock.
It works very similar to PRF in that you are insuring the growing season (typically six-seven months) against below average precipitation as measured by NOAA.
Because of higher input costs and stocking rates, AF can be insured for much more per acre than native pastures.
Livestock Risk Protection
Livestock Risk Protection provides protection against price declines for feeder cattle, fed cattle, lamb, and swine. This program is very similar to a “put” in the futures market. Ranchers initially identify the number of calves, expected weights, and the time of the year when calves will be marketed. This information is used to determine an expected commodity price for a given type, weight, and date. If the market falls below the contracted price, the insured will receive a claim for the decrease in value from market expectations. If the market is at or above expectations, the rancher will receive a bill for the price protection.
All claims are based on a change in market conditions. What you sell your calves for, if you sell them at all, has no impact on the claim.
Contact Us
Give us a call so we can help you with finding the coverage that's right for your operations!
North Red Insurance
Sheridan, Wyoming, United States
Luke Esch 307-752-1838 luke@northredinsurance.com
Events
9/15/2022
Meet and Greet
5pm
-
9pm
Cowboy Carousel, 59 N Lobban Ave, Buffalo, WY 82834
Event Details
9/15/2022
Meet and Greet
We invite you to come to Buffalo, Wyoming to enjoy some beverages and light appetizers and meet our team. We have prepared a short presenta...
5pm
-
9pm
Cowboy Carousel, 59 N Lobban Ave, Buffalo, WY 82834
12/5/2022 - 12/8/2022
2022 Wyoming Natural Resources Rendezvous
Ramkota Hotel and Conference Center, Casper, WY
Event Details
12/5/2022 - 12/8/2022
2022 Wyoming Natural Resources Rendezvous
Stop by our booth at the Wyoming Natural Resources Rendezvous and say hello. Let us provide you with a customized quote about how our servi...
Ramkota Hotel and Conference Center, Casper, WY
Copyright © 2023 North Red Insurance - All Rights Reserved.
Powered by GoDaddy
This website uses cookies.
We use cookies to analyze website traffic and optimize your website experience. By accepting our use of cookies, your data will be aggregated with all other user data.