FMH Ag Risk Insurance Assigned Patent for Risk Management on Application of Crop Inputs
The full-text of the patent can be found at https://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO1&Sect2=HITOFF&d=PALL&p=1&u=%2Fnetahtml%2FPTO%2Fsrchnum.htm&r=1&f=G&l=50&s1=11,145,420.PN.&OS=PN/11,145,420&RS=PN/11,145,420
The abstract states: "A system and method for managing a crop insurance program facilitates determining an input management plan for application of a crop input to a field within a defined geographic area. A field yield is measured. The field yield pertains to a yield of particular crop associated with a field in a defined geographic area. An aggregate yield is estimated. The aggregate yield relates to the particular crop associated with the defined geographic area. The aggregate yield is scaled to represent a generally equivalent land area to the field. A difference or variation is determined between the field yield and the aggregate yield. The determined difference or indication thereof is made available to a receiving entity (e.g., insurer that is associated with at least one of claims and insurance on the crop in the field)."
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FMH Ag Risk Insurance Assigned Patent for Insurance Product Associated with Risk Management on Application
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