To help reduce risk for the company and its borrowers, FarmOp will use Geosys' analytics for crop performance monitoring in its lending and loan servicing operations.
Providing clients with advanced data and views of their fields is no longer a luxury, but an expectation that insurers use technology to help manage risk.
As I consider pivotal moments in Ag technology, as well as my own experiences during our 30 years of business at Geosys, I find that three key principles hold true.
In 1987, Damien Lepoutre – with support from the School of Agriculture of Purpan, France – officially registered GEOSYS as a company in Toulouse, France. He envisioned a company devoted entirely to agriculture by addressing business problems with remote sensing and GIS technologies.
According to AgFunder, investments in agriculture technology reached $4.6B in 2015, supporting an influx of technology providers in agriculture – particularly as it relates to optical remote sensing of crops.
While many in the business of satellite-based remote sensing would like you to believe the answer to that question is “not much,” GEOSYS has the benefit of nearly 30 year of experience in the industry – and confidence in its own abilities – to take a more objective look at the technology.
NAAI - the single nationwide association of insurers in Russia, counting 18 ag insurance companies - initiates new practices and confirms its partnership with GEOSYS™ to support this historical change.