Method for using environmental classification to assist in financial management and services

• US 8,249,926 B2
• Filed: 12/09/2008
• Issued: 08/21/2012
• 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., Bax, Phillip Lee, Brooke, Richard Glenn, Ertl, David S., Gogerty, Joseph K., Harwood, David J., Lauer, Michael J., Meyer, Terry Eu Claire, Peterson, Todd A.
• Primary Examiner(s): VEZERIS, JAMES A
• Application Number:
  US12/330,700
• Publication Number:
  US 20090089171A1
• Time in Patent Office: 1,351 Days
• Field of Search: 705/35, 705/14.11
• US Class Current: 705/14.11
• 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 comprising:

determining, via a processor, a recommended one or more seed products to use to produce crop on a land base associated with a producer, the recommended one or more seed products being determined according to an environmental classification system that uses a frequency of an environmental class at the land base associated with the producer, and a relative performance of a plurality of seed products in the environmental class to determine the recommended one or more seed products;

determining a financial incentive that promotes the use of the environmental classification system by the producer by encouraging use of said recommended one or more seed products by the producer to reduce a crop production risk associated with said crop produced on the land base associated with the producer; and

providing said financial incentive to the producer for agreeing to use said recommended one or more seed products.

2. The method of claim 1 wherein the financial incentive comprises a reduced purchase price for said recommended one or more seed products.

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.