Agi3’s AI-powered individualized farm insurance products won the business solutions prize in the Innovations Program Awards prior to the Agriculture in Motion farm show in Langham, Saskatchewan.
Tag Archives Insurance
Agi3’s AI-powered individualized farm insurance products win innovation prize
Awards handed out at Ag in Motion 2025
Farm building code updates will drive insurance increases
Added costs such as fire separation areas and bracing affect replacement value
Glacier FarmMedia — An unintended consequence of planned upgrades to Canada’s National Farm Building Code (NFBC) may be higher farm insurance rates. That’s because, regardless of how the insured structure is built, if destroyed it will have to be rebuilt to the new and more complex code. An Ontario member of the Canadian Farm Building […] Read more
U.S. hail insurer looks northward
Farmers Mutual Hail Insurance Co. of Iowa has made its first venture outside the U.S., buying the 80 per cent of Prairie crop hail insurance firm Palliser Insurance it didn’t already own, for an undisclosed amount. FMH CEO Shannon Rutledge said in a release in February that Palliser’s “regional expertise, knowledge and accomplishments…will contribute to […] Read more
Great questions to uncover inheritance expectations
Seeds of Encouragement: Keeping a farm intact can complicate the process, but not insurmountably so
One of the key fears of aging farm founders is the conflict they anticipate when the farming heir has access to millions of dollars of land, and the siblings who are off to other careers do not have the same net worth opportunity in their future. Or do they? Firstly, where it is written that […] Read more
Satellite-based insurance may be future of forage risk management
Analysis from above could be an accurate, timely way to measure forage growth
Glacier FarmMedia — Satellite-based insurance technology could be a way to protect beef producers during times of drought. There’s more interest in forage insurance during recent droughty times on the Prairies, but evaluating local forage risk is challenging. “Weather events are becoming more acute in severity and frequency, you know the drought of 2023, 2021,” […] Read more
Ukraine announces ‘humanitarian corridor’ for other stuck ships
Moscow not yet commenting on plan
Kyiv | Reuters — Ukraine announced a “humanitarian corridor” in the Black Sea on Thursday to release cargo ships trapped in its ports since the outbreak of war, a new test of Russia’s de facto blockade since Moscow abandoned a deal last month to let Kyiv export grain. At least initially, the corridor would apply […] Read more
Insurers seen reviewing Black Sea ship cover after Russia quits deal
Last ship covered under deal left Sunday
London | Reuters — Insurers are reviewing whether to freeze cover for any ships willing to sail to Ukraine after Russia on Monday quit a UN-backed deal that allows the export of grain through a wartime Black Sea safe corridor, industry sources said. The agreement, brokered by Turkey last July, aimed to alleviate a global […] Read more
Insurers covering Ukraine grain corridor shipments for now
More clarity needed soon, Lloyd's exec says
London | Reuters — Insurers continue to cover grain shipments from Ukraine through a United Nations-backed corridor although more clarity will be required soon, a senior Lloyd’s of London official said on Thursday, after the export accord was renewed for at least 60 days. The deal allowing the safe wartime export of Ukrainian grain from […] Read more
Nova Scotia to bridge Fiona funding gap for farmers
Provincial program offering up to $400K per farm
Nova Scotia farmers who didn’t qualify for federal disaster financial assistance (DFA) in the wake of Hurricane Fiona last September may be able to get in on a new provincial program instead. The province on Thursday announced $3 million for what it calls the Fiona Agriculture Response Gap Funding program, offering up to $400,000 for […] Read more
Halsall: Aim for the home run ball
Every year, farmers play a high-stakes game against Mother Nature and all of the other in-season perils, betting their fields will yield a bounty of profitable crops come harvest. It’s risky, of course, which is why crop insurance is such a vital aspect of risk management for many western Canadian producers. But is crop insurance […] Read more
Cyber-Savvy Farmer
