Agricultural business system and methods

Details Agricultural business system and methods Agricultural business system and methods

2006-05-02

2006-05-02

Thomas, Joseph (Department: 3626)

Data processing: financial, business practice, management, or co

Automated electrical financial or business practice or...

Insurance

C705S007380, C705S014270

Reexamination Certificate

active

07039592

ABSTRACT:
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.

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