Experience modifications rating factors (EMRs) are premium adjustments that modify your premium positively or negatively based on your own loss experience. Rating bureaus calculate a modification applied to a premium based on the information reported by the insurance company. This information consists of payroll and loss information for the past three full years.
Grains of Knowledge
If you have been following the upcoming 2016 Presidential election, you know that Immigration reform has been a hot topic among the potential candidates. While the solutions the candidates offer vary, how the immigration system is reformed is critical to agriculture in the U.S.
Last month, we highlighted 4 ways technology is driving growth on the modern farm, including solutions that track precision and efficiency levels, big data and Google glass’ impacts on process creation and management, and drone capabilities to manage and assist.
Emerging national trends are forcing farmers to rethink processes and increasingly look to technology for solutions. The International Food Policy Research Institute (IFPRI) recently put a focus on the role of agricultural technologies to meet these challenges in their report, Food Security in a World Headed Toward Natural Resource Scarcity: The Role of Agricultural Technologies.
With the Farm Bill narrowly passing through the house recently, it’s important to understand how some provisions may affect you and your community. Typically conservative, both The American Farm Bureau Federation and the National Farmers union, urged lawmakers to vote against the bill. However, the legislation passed 216 to 208, and here are our 3 key takeaways from the newly passed bill: 1. Food Stamps and Local Food Banks The most widely discussed and debated piece of the legislation revolved around the absence of any mention of food stamps. Historically, the farm bill covered budgeting for the above topic. This absence […]
Farming is an industry that embraces opportunities for advancement. While some basic agricultural principles and techniques date back hundreds (even thousands) of years, farmers are known to be among the early adopters of technology, continuously introducing new tools and methodologies that will improve efficiencies, increase outputs, and ensure the safety of workers and the environment. From state-of-the-art irrigation systems and planting breeding, to mapping of crops and land via global positioning systems (GPS), farmers have a long history of innovation through technology and practices. So what’s next? Well, based on recent industry and technology features, it appears wearable technology will be one of the next breakthrough technologies on the […]
When people think of farming there are a few necessary key components. Traditionally, when thinking of farming you think of nutrient rich ground to grow your crops, right? Now, take a step away from what we know as traditional and open your eyes to the innovative way of farming referred to as “vertical farming.” Although this is a new concept in our minds, the actual innovators, the Babylon’s, created it in 600 BC. Known as one of the Seven Wonders of the World, The Hanging Gardens of Babylon were used as a romantic gesture from King Nebuchadnezzar II to his wife, Amytis, to remind her of the place in […]
Have you heard the one about the cow and the Lely Astronaut A4 Milking Machine? It may sound like a joke, but it is reality. A Dutch company created the robotic milking machine and it does not require any human intervention!
Imagine for a second that we had no regulations on the quality of water. You couldn’t enjoy a cold glass of water without wondering if the refreshing sip would make you sick. Despite various regulations and advancements to decrease water pollution, it is still a serious issue today. While many people believe there is one point of origin, water contamination is a byproduct of time and activities. Power companies, waste water utilities, runoff, and agricultural activities are just some of the causes. In 2000, the Environmental Protection Agency identified that agricultural activity is the root cause of 48 percent of […]
When the unthinkable happens and a crisis occurs, the first reaction is panic. In the first part of our crisis post, we discussed how to prepare for a crisis. Today, we will discuss what to do during and after the event. In the event that one occurs, take a deep breath before responding. There are three main steps to help you get through a crisis. Talk first to inside audiences, such as family and employees, to review the procedures for a crisis. Make sure these people know what their responsibilities are during the crisis. Talk to the media soon after […]