Farmers Risk is a software platform that integrates real-time data analytics and risk assessment tools to help farmers evaluate and manage agricultural risks. By providing actionable insights, the platform enhances decision-making and strengthens operational resilience in farming practices.
Funding
Funding not disclosed
Founders
Product
Problem
Farmers and agricultural advisors often struggle to consolidate data from various sources, including cash sales, futures contracts, and crop insurance policies, making it difficult to get a real-time view of revenue and profitability. This lack of integrated data hinders informed decision-making and effective risk management in the face of market volatility.
Solution
HarvestIQ is a software platform designed to provide farmers, ranchers, and agricultural advisors with a consolidated view of their revenue and risk exposure. The platform integrates data from cash sales, CME futures and options, and USDA crop insurance to deliver real-time, marked-to-market positions. By providing a unified dashboard accessible on desktop or mobile, HarvestIQ facilitates collaboration among stakeholders and enables informed marketing decisions during times of uncertainty. The platform offers specialized tools for both crop and livestock revenue tracking, as well as a livestock insurance portal for quoting, binding, and tracking coverage plans.
Target Audience
HarvestIQ primarily targets farmers, ranchers, agricultural advisors, and ag bankers who need a comprehensive view of revenue, profitability, and risk management.
Features
- Real-time revenue tracking integrating cash sales, CME futures and options, and USDA crop insurance data
- Marked-to-market positions providing an up-to-date view of profitability
- Livestock Insurance Portal for quoting, binding, and tracking LRP and LGM coverage plans
- Customizable dashboard for managing access, viewing operations, and collaborating with stakeholders
- Automated weekly admin reports for brokers, delivered directly to their inboxes
- Mobile accessibility, allowing users to view operations from any device
- Data integrations to eliminate manual input and streamline data consolidation