The Climate Corporation Forms Crop Insurance Platform Agreement with Farmers Mutual Hail

The Climate Corporation, a subsidiary of Bayer, has formed a crop insurance platform agreement with Farmers Mutual Hail Insurance Company of Iowa (FMH).

Company officials say this will enable farmers to connect their field data to FMH for delivery of crop insurance reporting. The collaboration will deliver new capabilities and value for farmers by simplifying this annual task and will expand Climate FieldView, The Climate Corporation's digital agriculture platform, say officials for The Climate Corporation.

"We are working to accelerate the development and delivery of digital solutions for farmers by bringing together participants across the agricultural value chain through our industry-leading Climate FieldView platform," said Mike Stern, chief executive officer for The Climate Corporation who heads digital farming at Bayer, in a company news release. "Like Climate, FMH recognizes the benefits of helping farmers organize their data in one place to optimize and simplify all their management decisions. Through this partnership, we look forward to bringing more streamlined insurance reporting to farmers."

With Climate FieldView, farmers experience fast, easy field data collection and the ability to gain analytics-based insights from their data for increased productivity, say company officials. With the addition of FMH as a partner, planting and harvest data captured in a farmer's FieldView account will flow into FMH systems at the farmer's request for faster completion and delivery of planting and production reports.

This will provide farmers and their agents a more simplified reporting experience, eliminating the need for manual data entry, say company officials. In addition to enabling easy, digitized insurance reporting for farmers, Climate and FMH will be identifying further collaboration opportunities to partner in the area of digital risk management for farmers in the future, say company officials.

"FMH has been focused on enhancing and expanding our use of digital ag data to best meet the needs of today's farmers," said Ron Rutledge, FMH president and CEO, in a company news release. "We are excited about working with The Climate Corporation to add an easy-to-use reporting option for our policyholders who use FieldView and agents utilizing FMH Precision Crop Insurance Solutions. Not only will connecting our two systems enhance reporting processes, the data collected through FieldView can be used for adjusting crop losses, resulting in an enhanced claim experience for our policyholders."