Method for automated crop insurance loss adjusting for prevented planting conditions
Abstract:
Prevented planting (PP), where wet conditions during the planting season prevent access to farmed fields, costs the United States an average of many hundreds of millions of dollars in crop losses each year. Crop insurance indemnifies most of the losses of PP on farmed land in the US. This system, method, and product uses Earth observation satellite data and geographic information system technology to provide automated PP crop-loss adjusting performed digitally to enhance crop loss adjusting efficiency, reduce loss-adjusting costs, assess crop losses across large geographic regions to forecast financial set asides to meet claim payouts, and parse data to all interested parties.
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