Protecting Your Legacy: Risk Management and Human Capital Solutions for Modern Agriculture

From field to finance, we understand the complex risks facing today’s agricultural operations. We’ve created a Financial Impact Report that focuses on aligning your business objectives with Risk Management and Human Capital solutions.

First, we ground our understanding of your business in the context of what is happening today in the wider industry…

Risk Management
U.S. farmers are increasingly adopting generic crop chemicals to reduce costs amid declining incomes and low grain prices.
Generic chemicals now constitute approximately 80% of the market, aiding farmers in cutting expenses.
Source: REUTERS
2024
Employee Benefits
The agricultural sector faces potential labor shortages due to anticipated immigration crackdowns, heavily impacting farm and meat plant operations.
Approximately 42% of crop-farm workers and a significant portion of meat plant workers lack legal work authorization, highlighting the industry's reliance on immigrant labor.
Source: THE WALL STREET JOURNAL
2024
Insurance
The expiration of the U.S. Farm Bill introduces uncertainty for farmers, particularly concerning disaster relief and crop-specific subsidies.
The lapse of the $1.5 trillion federal package on September 30, 2024, threatens various agricultural programs, potentially leading to a 'Dairy Cliff' with skyrocketing dairy prices in 2025.
Source: FOOD & WINE
2024
Risk Management
Deere & Company has lowered its profit forecast due to reduced equipment purchases by farmers facing lower crop prices.
Deere's fiscal 2024 net income is projected at $7.0 billion, down from prior guidance of $7.5-7.75 billion, reflecting decreased demand in the agricultural equipment market.
Source: MARKETWATCH
2024
Insurance
U.S. agricultural exports are forecasted to decline, impacting revenue streams for farmers and agribusinesses.
U.S. agricultural exports in fiscal year 2025 are projected at $169.5 billion, down $4.0 billion from the revised forecast for FY 2024, primarily due to lower unit values of soybeans, corn, and cotton.
Source: ECONOMIC RESEARCH SERVICE
2024

We search for both Visible and Hidden Risks in your operations.

Visible Risks

  • Property Damage (Buildings, Equipment)
  • Crop Loss
  • Livestock Health
  • Workers' Compensation
  • Vehicle Fleet

Hidden Risks

  • Supply Chain Disruption
  • Climate Change Impact
  • Market Price Volatility
  • Labor Shortage
  • Regulatory Compliance
  • Environmental Liability
  • Succession Planning

Next, we apply our EBITDA Edge framework to your business…

1

Discovery

  • Comprehensive farm operation analysis
  • Equipment and infrastructure assessment
  • Historical loss pattern review
  • Supply chain vulnerability mapping
  • Climate risk modeling
2

Risk Mitigation

  • Custom safety programs
  • Equipment maintenance protocols
  • Worker safety training
  • Supply chain resilience planning
  • Environmental compliance protocols
3

Modeling & Analytics

  • Crop yield impact analysis
  • Weather pattern modeling
  • Market price volatility assessment
  • Operating cost optimization
  • Revenue protection strategies
4

Claims Process

  • 24/7 claims reporting
  • Mobile-first documentation
  • Rapid response protocols
  • Business interruption minimization
  • Return-to-operation planning
5

Risk Transfer

  • Customized coverage design
  • Market capacity optimization
  • Alternative risk financing
  • Parametric solutions
  • Captive program development

We focus on the business drivers that impact your business…

    • Market expansion planning

    • Value-added product development

    • Direct-to-consumer programs

    • Wholesale relationships

    • Export market access

    • Technology adoption pathways

    • Value chain positioning

    • Market access strategies

    • Input sourcing stability

    • Storage and preservation

    • Transportation efficiency

    • Distribution network optimization

    • Sustainable farming practices

    • Commodity price hedging

    • Government program utilization

    • Co-op participation

    • Working capital management

    • Equipment financing

    • Land acquisition strategies

    • Vertical integration opportunities

Lastly, to execute on our goals, we’ve created a suite of world-class tools customized specifically for the agriculture industry…

📊

Risk Mapping Edge

Comprehensive analysis of agricultural operations to identify and address unique risk exposures across your entire operation.

  • Detailed mapping of crop production risks and seasonal vulnerabilities
  • Equipment and infrastructure risk assessment specific to farming operations
  • Supply chain vulnerability analysis from field to market
  • Environmental impact and compliance risk evaluation
  • Labor and workforce safety risk assessment
🔍

Risk Insight Edge

Strategic analysis of agricultural industry trends and emerging opportunities in modern farming.

  • Precision agriculture technology adoption opportunities
  • Sustainable farming practices and environmental stewardship
  • Value-added processing and vertical integration possibilities
  • Alternative revenue stream identification
  • Emerging market opportunity analysis
📈

Market Intelligence Edge

Deep understanding of agricultural insurance markets and rate environments across different coverage lines.

  • Real-time tracking of crop insurance market conditions
  • Equipment and property coverage rate analysis
  • Weather and catastrophe impact on market pricing
  • Carrier appetite and capacity monitoring
  • Emerging coverage options and alternatives
💹

Pricing Edge

Strategic approach to optimizing insurance costs through risk quality improvements and market positioning.

  • Risk improvement strategies for premium reduction
  • Loss control program development and implementation
  • Claims management process optimization
  • Alternative risk financing structure analysis
  • Experience modification rate improvement strategies