METHOD FOR USING ENVIRONMENTAL CLASSIFICATION TO ASSIST IN FINANCIAL MANAGEMENT AND SERVICES
First Claim
1. A method for providing a crop insurance policy to a producer, the method comprising:
- receiving an evaluation of use of agricultural inputs associated with a producer according to an environmental classification system wherein each of the agricultural inputs being classified according to the environmental classification system and a land base associated with the producer being classified according to the environmental classification system;
determining one or more terms of the crop insurance policy at least partially based on the step of evaluating use of agricultural inputs;
providing the crop insurance policy to the producer.
0 Assignments
0 Petitions
Accused Products
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.
83 Citations
3 Claims
-
1. A method for providing a crop insurance policy to a producer, the method comprising:
-
receiving an evaluation of use of agricultural inputs associated with a producer according to an environmental classification system wherein each of the agricultural inputs being classified according to the environmental classification system and a land base associated with the producer being classified according to the environmental classification system; determining one or more terms of the crop insurance policy at least partially based on the step of evaluating use of agricultural inputs; providing the crop insurance policy to the producer. - View Dependent Claims (2, 3)
-
Specification