This describes a software system that helps farmers manage their operations by providing quotes for optimized inputs and services, like specific chemicals or soil treatments, for growing food, feed, or fiber. It uses a database of past performance and a decision support system to create customized agreements that include a performance guarantee or insurance. If the agreed-upon results aren't achieved, the system handles the compensation.
Why it matters: Data collection from agricultural sensors and satellite imagery has exploded since 2003, making the "gathering management data" step far more robust. Modern AI and cloud computing can now power the decision support and optimization systems much more effectively.
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