Precision Ag Meets Customized Crop Insurance

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PartnerRe Ltd and Farmers Edge have joined forces to couple real-time field data with customized insurance products to help farmers around the globe. This exclusive, four-year agreement between Farmers Edge and PartnerRe brings together precision farming technology and agriculture insurance in a landmark deal that will fundamentally advance the $5 trillion global food and agriculture industry. Under the terms of …

AgWired Precision, Audio, Crop Insurance, Farmers Edge, Precision Agriculture

Farmers Mutual Hail Turning Data Into Usable Information

Since the acquisition of John Deere Insurance Company in 2014, Farmers Mutual Hail has built upon advancements in technology and resources to ease the processes for acreage reporting, adjusting reporting and claims adjusting for crop insurance. “One example would be saving hours compiling scale tickets and all the various pieces of information that you have to aggregate to actually do …

AgWired Precision, Audio, Crop Insurance, John Deere, Precision Agriculture

New Report on Specialty Crop Insurance

Kelly Marshall

The USDA’s Economic Research Service has released a new report entitled “Changes to the Noninsured Crop Disaster Assistance Program Under the Agricultural Act of 2014: Their Potential Risk Reduction Impacts.” The report looks at the impact of the Buy-Up coverage addition to the Noninsured Crop Disaster Assistance Program (NAP). The study found that Buy-Up coverage can better mitigate a farmer’s …

Crop Insurance, Specialty Crops, USDA

Trump’s Proposed Budget Meets Mixed Reviews

Kelly Marshall

Secretary of Agriculture Sonny Perdue offered a positive perspective, but farm groups are reacting to Trump’s proposed 2018 budget in the opposite way.   American Farm Bureau Federation, National Corn Growers Association, American Soybean Association, National Association of Conservation Districts, and whole list of Crop Insurance organizations oppose the $4 billion in cuts to the U.S. Department of Agriculture. “I don’t …

Ag Group, Crop Insurance, Farm Bill, Government, USDA

Ag Groups Testify at House Hearing

Kelly Marshall

National Corn Growers Association (NCGA) President Wesley Spurlock, and American Soybean Association (ASA) President Ron Moore both addressed the House Agriculture Subcommittee on General Farm Commodities and Risk Management earlier this week. Both testimonies spoke about the need for a strong risk management plan in a weak farm economy, noting the current prices of both corn and soybeans. “Farm prices …

Ag Group, ASA, Crop Insurance, Farm Bill, Government, NCGA

#FarmBillSummit Addresses Crop Insurance

Kelly Marshall

Tom Zacharias, president of National Crop Insurance Services (NCIS), was among the speakers invited to address this week’s Agri-Pulse Farm Bill Summit in Washington, D.C. Zacharias stressed the role crop insurance plays in ensuring a strong and vibrant agricultural sector, which is critical to the well-being of our economy and society as a whole. “The role of both state and …

Audio, Crop Insurance, Farm Bill, Uncategorized

International Ag Purchased by ProAg Insurance Group

Kelly Marshall

Producers Ag Insurance Group, Inc. (ProAg), announced a purchase agreement had been signed to acquire crop managing general agent (MGA) International Ag Insurance Solutions, LLC (International Ag). The transaction, which is subject to a number of closing conditions including final approvals by certain International Ag members and regulatory authorities, is expected to close by April 3, 2017. “ProAg believes International …

Agribusiness, Crop Insurance