Oklahoma Farm Report masthead graphic with wheat on the left and cattle on the right.
Howdy Neighbors!
Ron Hays, Director of Farm and Ranch Programming, Radio Oklahoma Ag Network  |  2401 Exchange Ave, Suite F, Oklahoma City, Ok 73108  |  (405) 601-9211

advertisements
   
   
   
   
   
   
   
   
   
   

Agricultural News


Farmers Business Network Adds Insurance Component to Its Portfolio for Cost-Conscious Producers

Mon, 26 Nov 2018 12:42:11 CST

Farmers Business Network Adds Insurance Component to Its Portfolio for Cost-Conscious Producers Farmers Business Network is an independent, unbiased, and objective farmer-driven information source - focused on the facts of raw performance. Through shared agronomic precision data, FBN helps its farmer customers make better decisions on seeds and agronomics by unlocking the true power of data comparison and analytics. The company’s success has exploded since it was first established in 2014 and has spread to a network of thousands of farmers managing over 8 million acres. As the company continues to disrupt the current marketplace and how farmers do business, their team has worked to roll out new innovative products and services to expand on the company’s original mission. FBN took that leap once again just recently, with the launch of its newest product offering and line of business - FBN Insurance. Radio Oklahoma Ag Network Associate Farm Director Carson Horn visited recently with FBN’s Head of its new insurance platform, Lucas Strom. Listen to their complete conversation by clicking or tapping the LISTEN BAR below at the bottom of the page.


“We’re bringing a different approach to crop insurance,” Strom said. “This works really well with what we’ve done agronomically with our farmers.”


Strom continued, “Our farmers can load their planting data, their harvest data - we combine that with weather information and we can provide an analytical consultation to our farmers around crop insurance based on that data we have with them.”


Given the differences that every farm has unique to its operation, Strom says FBN Insurance is capable of making all the necessary considerations that take into account things like crop marketing implications, geographic factors, an operation’s propensity for risk and even a change in weather patterns - to help farmers make the right decisions on which insurance products are right for their businesses be it a federal program, a private product or a proprietary product through FBN.


“We can cover a wide range of product offerings that would be tailored to an individual farm,” he said. “We’re focused on making that decision easier, but also on managing and tracking your information which will also be able to automate reporting in the future and ultimately make this an easier enrollment period or process on an annual basis for our farmers.”


According to Strom, even with all the services that FBN as a whole offers, this is just the beginning for the company. He says the FBN team is continuing to work on developing new services that will combine crop marketing services, packaged with crop insurance options and treat it all as one risk management tool.


“We’re in the early stages but we’ve hired a very seasoned team already,” he said. “We’re licensed in 19 states. We’re already signing up policies and this is something we’re going to build up aggressively and look forward to a very busy winter and spring sales season.”



   



   

Listen to Horn's complete conversation with Strom about FBN's new insurance platform, click below.
right-click to download mp3

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Oklahoma Grain Elevator Cash Bids as of 2:00 p.m. Monday, December 10, 2018  Mon, 10 Dec 2018 15:59:18 CST
  • okPORK Requests ODAFF Withdraw Proposed Emergency Rules to Create Poultry House Setbacks  Mon, 10 Dec 2018 15:34:18 CST
  • Latest Trade Data Shows Meat Exports Continue to Help Offset Record Meat Production in 2018  Mon, 10 Dec 2018 15:14:19 CST
  • Ranking House Ag Member Collin Peterson Mourns the Death of Former Ag Secretary Bob Bergland  Mon, 10 Dec 2018 15:06:32 CST
  • Monday Afternoon Market Wrap-Up with Carson Horn  Mon, 10 Dec 2018 14:48:36 CST
  • Angela Brooks-Brown of Wetumka, OK Recognized as a Significant Woman in Oklahoma Agriculture  Mon, 10 Dec 2018 13:13:12 CST
  • OK Cattlemen's Assoc. Gearing Up for Busy 2019 Legislative Session as Animal ID Debate Heats Up  Mon, 10 Dec 2018 13:04:53 CST
  • OKC-Based Kirkpatrick Foundation Raises Eyebrows with Not-So-Subtle Pro-Vegan Messages  Mon, 10 Dec 2018 12:23:49 CST

  • More Headlines...

       

    Ron salutes our daily email sponsors!

    Livestock Exchange Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit P&K Equipment Tulsa Farm Show Stillwater Milling KIS FUTURES, INC. Oklahoma Cattlemen's Association

    Search OklahomaFarmReport.com

    Find more about Weather in Oklahoma City, OK

       
       
    © 2008-2018 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.