FMH Ag Risk Insurance Assigned Patent for Risk Management on Application of Crop Inputs

ALEXANDRIA, Va., Oct. 14 -- FMH Ag Risk Insurance, West Des Moines, Iowa, has been assigned a patent (No. 11,145,420, initially filed Oct. 21, 2004) developed by two co-inventors for "risk management on the application of crop inputs." The co-inventors are Yanhong Ochs, Waterloo, Iowa, and Shawn James McComb, Algonquin, Illinois.

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)."

Written by Jayanti Behera; edited by Sudarshan Harpal.