Patent №
US 7,039,592
Granted
—
Owner
—
Lab
—
AI components
2
kr · planning
Assignment
None on record
Dataset
AIPD
2023_r1 edition
Application
09819497
A new system for providing agricultural financial services is provided. The system includes crop insurance services, where a proper level of crop insurance is determined necessary to assure income approximately equal to the producer's break even point. In a management accounting or record keeping portion, estimated expenses and income are replaced with actual amounts on a periodic basis, providing a more accurate measure of expected profits and losses. In a marketing aspect, decisions regarding whether to sell agricultural products is based upon the expected profitability of the transaction and the producers profitability goal.