The Climate Corporation Partners with Farmers Mutual Hail, Simplifies Crop Insurance Reporting for U.S. Farmers

November 18, 2018

SAN FRANCISCO, Nov. 19, 2018 /PRNewswire/ -- The Climate Corporation, a subsidiary of Bayer, today announced a platform agreement with Farmers Mutual Hail Insurance Company of Iowa (FMH), enabling farmers to connect their field data to FMH for seamless delivery of crop insurance reporting. This collaboration will deliver new capabilities and value for farmers by simplifying this annual task and expanding Climate FieldView™ as the industry's broadest and fastest growing digital agriculture platform.

"We are working to accelerate the development and delivery of digital solutions for farmers by bringing together participants across the agricultural value chain through our industry-leading Climate FieldView platform," said Mike Stern, Chief Executive Officer for The Climate Corporation and Head of Digital Farming at Bayer. "Like Climate, FMH recognizes the benefits of helping farmers organize their data in one place to optimize and simplify all their management decisions. Through this partnership, we look forward to bringing more streamlined insurance reporting to farmers."

With Climate FieldView, farmers across millions of acres are experiencing fast, easy field data collection and the ability to gain analytics-based insights from their data for increased productivity. With the addition of FMH as a partner, planting and harvest data captured in a farmer's FieldView account will seamlessly flow into FMH systems at the farmer's request for faster completion and delivery of planting and production reports. Ultimately, this will provide farmers and their agents a more simplified reporting experience, eliminating the need for manual data entry. In addition to enabling easy, digitized insurance reporting for farmers, Climate and FMH will be identifying further collaboration opportunities to partner in the area of digital risk management for farmers in the future.

"FMH has been focused on enhancing and expanding our use of digital ag data to best meet the needs of today's farmers. We continue to lead the industry through partnerships like these that grow our innovative insurance solutions," said Ron Rutledge, FMH President and CEO. "We are excited about working with The Climate Corporation to add an easy-to-use reporting option for our policyholders who use FieldView and agents utilizing FMH Precision Crop Insurance Solutions™. Not only will connecting our two systems enhance reporting processes, the data collected through FieldView can be used for adjusting crop losses, resulting in an enhanced claim experience for our policyholders."

First launched in the United States in 2015, the Climate FieldView digital agriculture platform is on more than 60 million paid acres across the United States, Canada, Brazil and Europe. It has quickly become the most broadly connected platform in the industry and continues to expand into new global regions.

As innovation in the digital agriculture space continues to accelerate rapidly around the globe, Climate continues to explore partnership opportunities to provide farmers with the insights they need to improve their productivity. To date, Climate has announced partnerships with more than 50 platform partners globally. Most recently, the company announced three new ag tech partners in Canada.

For more information about the Climate FieldView platform, contact a local FieldView dealer, or visit climate.com. If you are interested in partnering with The Climate Corporation, please visit climate.com/partners.

For more information about Farmers Mutual Hail Insurance Company of Iowa, please visit fmh.com.

About The Climate Corporation
The Climate Corporation, a subsidiary of Bayer, aims to help all the world's farmers sustainably increase their productivity through the use of digital tools. The integrated Climate FieldView™ digital agriculture platform provides farmers with a comprehensive, connected suite of digital tools. Bringing together seamless field data collection, advanced agronomic modeling and local weather monitoring into simple mobile and web software solutions, the Climate FieldView platform gives farmers a deeper understanding of their fields so they can make more informed operating decisions to optimize yields, maximize efficiency and reduce risk. For more information, please visit www.climate.com and follow the company on Twitter @climatecorp.

About Bayer
Bayer is a global enterprise with core competencies in the Life Science fields of healthcare and agriculture. Its products and services are designed to benefit people and improve their quality of life. At the same time, the Group aims to create value through innovation, growth and high earning power. Bayer is committed to the principles of sustainable development and to its social and ethical responsibilities as a corporate citizen. In fiscal 2017, the Group employed around 99,800 people and had sales of EUR 35.0 billion. Capital expenditures amounted to EUR 2.4 billion, R&D expenses to EUR 4.5 billion. For more information, go to www.bayer.com.

About Farmers Mutual Hail
Headquartered in West Des Moines, Iowa, FMH has served America's farmers since 1893 with a combination of financial strength, personal service, and Midwestern values. A leader in the crop insurance industry, the company has been managed by the same family for over 125 years and has a reputation of building lasting relationships that benefit their employees, business partners, and customers. FMH provides comprehensive risk management solutions, including private and federal crop insurance, reinsurance products and services, as well as farm and ranch insurance that includes auto, property, and liability coverage. The company is a leader in the industry in utilizing the speed and accuracy of precision data for crop insurance processes with Precision Crop Insurance Solutions™. Learn more at www.fmh.com.

For more information, contact:

Chelsea Shepherd
The Climate Corporation
chelsea.shepherd@climate.com
(314) 258-0438

Carrie Flynn
Farmers Mutual Hail
carrie@fmh.com
(800) 247-5248 Ext. 034

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