Farmobile Announces Crop Insurance Strategic Partnership

Farmobile today announced a strategic partnership with AmTrust Agriculture Insurance Services, a subsidiary of AmTrust Financial, Inc., a multinational property and casualty insurer specializing in coverage for small business. The agreement, effective immediately, will allow the two companies to leverage Farmobile’s data collection technology to build new digital solutions for the crop insurance market. As a part of the partnership, AmTrust will take a strategic equity position in Farmobile. This partnership and equity investment will enable Farmobile to expand its data product offering for crop insurance reporting including API integration with AmTrust.

The agriculture industry faces a massive opportunity to capture efficiencies within the crop insurance industry. Eighty six percent of all planted U.S. farmland is insured in the Federal Crop Insurance Program (FCIC) and most of these acres are farmed by machines with digital connectivity. Farmobile’s advanced data collection technology provides precise, accurate agronomic data to streamline crop insurance reporting.

“Today crop insurance reporting is not a standardized process,” said Jeffrey Fenster, Senior Vice President at AmTrust. “The capabilities of Farmobile’s data collection system will allow AmTrust to innovate and provide additional time and cost savings to our crop insurance agents and farmers.”

“AmTrust’s partnership with Farmobile demonstrates our increasing commitment to provide farmers with innovative, yet practical, risk management and data management solutions,” Fenster continued. “Farmobile is one of the first companies to make farm data collection simple. They also standardize the data, make it portable and have an incredibly transparent sharing and accessibility model.”

Farmobile can be used with many equipment brands and different machines making it an ideal solution for reporting on farms with a mixed fleet. Data collected by Farmobile’s hardware device, the passive uplink connection (PUC), is transmitted to a central repository every second over a cellular connection. Even if cellular data is lost the PUC stores data locally until connectivity is restored, mitigating the risk of incomplete information at the end of each reporting cycle.

“AmTrust is taking a leadership position in using digital agricultural advancements to aid in crop insurance reporting. We’re inspired by their vision to leverage technology to recruit agents and help farmers,” said Jason Tatge, CEO of Farmobile. “Together with AmTrust, we’ll be able to deliver a faster, cheaper and smarter workflow for crop insurance reporting through better data management. In short, we help farmers and agents create shared value through efficient reporting.”

Leave a Reply

4 comments on “Farmobile Announces Crop Insurance Strategic Partnership

  1. […] for some of the reporting to be automated, saving time and money for insurance agents and farmers, says Jeffrey Fenster at AmTrust, one of 16 federally approved crop insurance providers and an investor […]

Industry News Stories
Geosys
Industry NewsUrtheCast to Acquire Geosys from Land O’Lakes in $20 Million Deal
August 15, 2018
UrtheCast Corp. and Land O’Lakes, Inc. today announced they have entered a binding term sheet for the purchase of Geosys Read More
Wheelman-Pro
Industry NewsAgJunction Expands Automatic Steering Market to Smaller Farms
August 14, 2018
AgJunction, the autosteering company, has introduced Wheelman, a new way for farmers to automatically and accurately steer farm equipment at Read More
Data Science tablet
Data ManagementMicrosoft, Agile Networks Detail Central Ohio Broadband Expansion Project
August 9, 2018
Agile Networks, a leading provider of telecommunications solutions, and Microsoft Corp. has announced a new agreement to bring broadband internet Read More
AmericasIvy Tech Opens Center of Excellence to Train Tomorrow’s Precision Ag Service Providers
August 9, 2018
Students interested in careers in precision agriculture equipment technology or diesel technology now have the opportunity to pursue certificates, technical Read More
Trending Articles
1 On 1 With Paul Schrimpf: Simplot’s Allan Fetters
PrecisionAg InstituteOne on One With Simplot’s Allan Fetters
August 8, 2018
Allan Fetters of PrecisionAg Institute partner Simplot Grower Solutions talks about techology trends and key learnings from the recent InfoAg Conference in this exclusive interview with PrecisionAg's Paul Schrimpf. Read More
PrecisionAg InstitutePrecisionAg Institute Whitepaper Library
August 1, 2018
Welcome to the PrecisionAg Institute Whitepaper library! Here you will find free whitepapers and case studies from the PrecisionAg Institute Partners Read More
AmericasIntegrity Ag Group: People Over Precision
July 30, 2018
It’s not every day that this reporter walks into the office of a precision ag dealer, sits across from the Read More
farmer-tractor-tablet
Systems ManagementWhat is Digital Farming — Really?
July 24, 2018
The agricultural community has spent several years synthesizing an operational description for digital farming. In several cases, there have also Read More
Data ManagementInfoAg News: Farmobile Launches DataEngine, Streamlines DataStore Buyer Process
July 17, 2018
Busy times these days out in Leawood, KS, for ag data startup Farmobile, as they continue to – pardon the Read More
ISPA-Yoshua-Bengio
EventsHighlights from the 14th International Conference on Precision Agriculture
July 9, 2018
The 14th International Conference on Precision Agriculture (ICPA) presented by the International Society of Precision Agriculture (ISPA) was held in Montreal, Read More
Latest News
WinField’s Joel Wipperfurth On Empowering Data-Driven Decisions
InfoAg ConferenceOne on One with Joel Wipperfurth, Winfield United
August 15, 2018
Winfield United's Joel Wipperfurth discusses ag technology trends and topics during last month’s InfoAg Conference. Read More
Geosys
Industry NewsUrtheCast to Acquire Geosys from Land O’Lakes in …
August 15, 2018
UrtheCast Corp. and Land O’Lakes, Inc. today announced they have entered a binding term sheet for the purchase of Geosys Read More
Harvest
Data ManagementAre You Ready for This Year’s Digital Harvest?
August 15, 2018
As the days in the Northern Hemisphere slowly get shorter, they are getting longer in the Southern Hemisphere and everywhere Read More
Wheelman-Pro
Industry NewsAgJunction Expands Automatic Steering Market to Smaller…
August 14, 2018
AgJunction, the autosteering company, has introduced Wheelman, a new way for farmers to automatically and accurately steer farm equipment at Read More
Drip-irrigation
Precision IrrigationFertigation as a Precision Agriculture Tool
August 14, 2018
Fertigation is a fertilizer application method in which dissolved fertilizers are delivered to the crop through the irrigation system. This Read More
Events5 Reasons You Should Attend Growing Innovations
August 13, 2018
The specialty crop market is wracked by unprecedented change: labor scarcity, water shortages, pressing demands for increased quality and transparency Read More
Data Science tablet
Data ManagementMicrosoft, Agile Networks Detail Central Ohio Broadband…
August 9, 2018
Agile Networks, a leading provider of telecommunications solutions, and Microsoft Corp. has announced a new agreement to bring broadband internet Read More
AmericasIvy Tech Opens Center of Excellence to Train Tomorrow&#…
August 9, 2018
Students interested in careers in precision agriculture equipment technology or diesel technology now have the opportunity to pursue certificates, technical Read More
1 On 1 With Paul Schrimpf: Simplot’s Allan Fetters
PrecisionAg InstituteOne on One With Simplot’s Allan Fetters
August 8, 2018
Allan Fetters of PrecisionAg Institute partner Simplot Grower Solutions talks about techology trends and key learnings from the recent InfoAg Conference in this exclusive interview with PrecisionAg's Paul Schrimpf. Read More
Corn field sunset
Industry NewsTrimble RTX Correction Technology Now Delivers Two Cent…
August 7, 2018
Trimble has announced that its Trimble RTX GNSS corrections technology can now achieve horizontal accuracies of better than two centimeters. Read More
Sentera-Gimbaled-Quad-Sensor
Sensors/IoTSentera Gimbaled Quad Sensor Optimizes Crop Health Data…
August 7, 2018
Sentera’s Quad sensor is now available in an integrated gimbal-stabilized package for DJI Inspire and Matrice drones. Featuring four fully-customizable Read More
BigDataSmall2
Data ManagementPrecision Agriculture: A Smaller Approach to Big Data
August 7, 2018
Big data is one of the most buzzed-about concepts in our industry. Rarely do we read a newsletter, attend a Read More
Grower-Retailer
Industry NewsAgworld, K-coe Isom Form Strategic Partnership
August 6, 2018
Agworld and K-coe Isom have announced a strategic partnership that will see them integrating business advisory and technology to deliver Read More
Industry NewsAgEagle Acquires Agribotix
August 6, 2018
AgEagle Aerial Systems has signed an agreement to acquire substantially all of the assets of Agribotix, a Boulder, CO-based drone-enabled Read More
Digital-Farming
Systems ManagementImplementing Digital Farming’s Five Major Needs
August 2, 2018
Building a house starts with a plan and then a foundation; it does not start with doors and windows. From Read More
PrecisionAg InstitutePrecisionAg Institute Whitepaper Library
August 1, 2018
Welcome to the PrecisionAg Institute Whitepaper library! Here you will find free whitepapers and case studies from the PrecisionAg Institute Partners Read More
Bruce-Erickson-video
Excellence AwardsPassion for Teaching: Purdue’s Bruce Erickson
August 1, 2018
PrecisionAg Award of Excellence recipient Bruce Erickson is driven to share his knowledge of precision technologies and techniques with students, as well as the larger agriculture community. Read More
Newell-Kitchen
Excellence AwardsChasing the Mystery Behind Soil Variability: Newell Kit…
August 1, 2018
Newell Kitchen of the University of Missouri, recipient of the Legacy award in the 2018 PrecisionAg Award of Excellence program, has worked for decades to employ technology in unlocking the secrets hidden in farm fields. Read More