METHOD FOR USING ENVIRONMENTAL CLASSIFICATION TO ASSIST IN FINANCIAL MANAGEMENT AND SERVICES

• US 20090089171A1
• Filed: 12/09/2008
• Published: 04/02/2009
• Est. Priority Date: 06/10/2005
• Status: Active Grant

• Current Assignee: Pioneer Hi Bred International Inc (Corteva, Inc.)
• Original Assignee: Pioneer Hi Bred International Inc (Corteva, Inc.)
• Inventors: AVEY, Donald P., GOGERTY, Joseph K., MEYER, Terry EuClaire, BROOKE, Richard Glenn, PETERSON, Todd A., HARWOOD, David J., BAX, Phillip L., ERTL, David S., LAUER, Michael J.
• Granted Patent: US 8,249,926 B2
• Time in Patent Office: Days
• US Class Current: 705/14.540
• CPC Class Codes: A01B 79/005 Precision agriculture
• CPC Class Codes: A01C 1/00 Apparatus, or methods of use thereof, for testing or treating seed, roots, or the like, prior to sowing or planting
• CPC Class Codes: A01C 21/00 Methods of fertilising , sowing or planting
• CPC Class Codes: A01H 1/04 Processes of selection involving genotypic or phenotypic markers; Methods of using phenotypic markers for selection
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 30/00 Commerce
• CPC Class Codes: G06Q 30/0256 User search
• CPC Class Codes: G06Q 30/0282 Rating or review of business operators or products
• CPC Class Codes: G06Q 30/0631 Item recommendations
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/03 Credit; Loans; Processing thereof
• CPC Class Codes: G06Q 40/06 Asset management; Financial planning or analysis
• CPC Class Codes: G06Q 40/08 Insurance
• CPC Class Codes: G06Q 50/02 Agriculture; Fishing; Forestry; Mining
• CPC Class Codes: Y02A 40/10 in agriculture
• CPC Class Codes: Y02A 40/22 Improving land use; Improving water use or availability; Controlling erosion

Abstract

Managing risks of crop production can be performed by understanding the relative performance of different agricultural inputs under the same or similar environmental conditions. In addition, managing of crop production risks can be performed by understanding variations in the performance of the same agricultural inputs over a range of environmental conditions. By being able to describe and understand these variations in performance, decisions can be made which are consistent with overall business and/or production objectives and limit risk associated with variations in environmental conditions. In addition to producers there are other stakeholders in the crop production process, such as financial institutions, insurance providers, users of crops produced, and input suppliers. These and other stakeholders can provide financial incentives to producers for managing crop production risks through use of environmental classification and/or genotype-by-environment information.

Claims

1. A method for providing a financial incentive for use of genotype by environment information in selecting a seed product, the method comprising:

providing to a producer a recommendation of one or more seed products to use to produce crop on a land base associated with the producer, the recommendation based on relative performance of a plurality of seed products under environmental conditions associated with the land base of the producer and interactions between the genotype of each of the plurality of seed products and the environmental conditions;

giving the producer a financial incentive to accept the recommendation.

2. The method of claim 1 wherein the financial incentive comprises a reduced purchase price for one or more of the agricultural inputs.

3. The method of claim 1 wherein the financial incentive comprises preferred financing terms.

4. The method of claim 1 wherein the financial incentive comprises a reduced interest rate on financing.