Precipitation is a significant index to measure the degree of drought and flood in a region, which directly reflects the local natural changes and ecological environment. It is very important to grasp the change characteristics and law of precipitation accurately for effectively reducing disaster loss and maintaining the stable development of a social economy. In order to accurately predict precipitation, a new precipitation prediction model based on extreme learning machine ensemble (ELME) is proposed. The integrated model is based on the extreme learning machine (ELM) with different kernel functions and supporting parameters, and the submodel with the minimum root mean square error (RMSE) is found to fit the test data. Due to the complex mechanism and factors affecting precipitation change, the data have strong uncertainty and significant nonlinear variation characteristics. The mean generating function (MGF) is used to generate the continuation factor matrix, and the principal component analysis technique is employed to reduce the dimension of the continuation matrix, and the effective data features are extracted. Finally, the ELME prediction model is established by using the precipitation data of Liuzhou city from 1951 to 2021 in June, July and August, and a comparative experiment is carried out by using ELM, long-term and short-term memory neural network (LSTM) and back propagation neural network based on genetic algorithm (GA-BP). The experimental results show that the prediction accuracy of the proposed method is significantly higher than that of other models, and it has high stability and reliability, which provides a reliable method for precipitation prediction.