{"id":483054,"date":"2021-04-28T07:04:10","date_gmt":"2021-04-28T11:04:10","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/farmers-edge-announces-first-of-its-kind-canola-heat-blast-yield-protection\/"},"modified":"2021-04-28T07:04:10","modified_gmt":"2021-04-28T11:04:10","slug":"farmers-edge-announces-first-of-its-kind-canola-heat-blast-yield-protection","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/farmers-edge-announces-first-of-its-kind-canola-heat-blast-yield-protection\/","title":{"rendered":"Farmers Edge Announces First of its Kind Canola Heat Blast Yield Protection"},"content":{"rendered":"<p>        <!--body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p><b>Farmers Edge Announces First of its Kind Canola Heat Blast Yield Protection<\/b><\/p>\n<p style=\"font-weight:normal\"><i>Affordable<\/i><i>, easy-to-use insurance product reduces the risk of extreme weather for canola growers in Alberta, Saskatchewan, and Manitoba<\/i><\/p>\n<p>WINNIPEG, Manitoba&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.farmersedge.ca%2F&amp;esheet=52419534&amp;newsitemid=20210428005379&amp;lan=en-US&amp;anchor=Farmers+Edge&amp;index=1&amp;md5=1e303684d8f508ea018f2220c32f0474\">Farmers Edge<\/a> Inc. (TSX: FDGE), a Winnipeg-based pure-play digital agriculture company, is pleased to offer Canada\u2019s first Canola Heat Blast Yield Protection to its customers. This innovative digital product will help Canadian farmers protect the substantial investment in their canola crop while mitigating the financial damage that an extreme heatwave can have on yields. Farmers Edge digitizes the flow of insurance data from start to finish, and Munich Re, one of the global leaders in the insurance industry with A+ (Superior) Financial Strength Rating affirmed by AM Best, will underwrite the contract. Seamless connectivity with Munich Re ensures fluid information delivery providing unique user experience.\n<\/p>\n<p id=\"news-body-cta\">This press release features multimedia. View the full release here: <a href=\"https:\/\/www.businesswire.com\/news\/home\/20210428005379\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210428005379\/en\/<\/a><\/p>\n<div id=\"bwbodyimg\" style=\"width: 480px;float:left;padding-left:0px;padding-right:20px;padding-top:0px;padding-bottom:0px\"><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210428005379\/en\/874557\/4\/CHB_Infographic.jpg\" alt=\"Affordable, easy-to-use insurance product reduces the risk of extreme weather for canola growers in Alberta, Saskatchewan, and Manitoba. (Graphic: Business Wire)\" \/><\/p>\n<p style=\"font-size:85%\">Affordable, easy-to-use insurance product reduces the risk of extreme weather for canola growers in Alberta, Saskatchewan, and Manitoba. (Graphic: Business Wire)<\/p>\n<\/div>\n<p>\nHeat blast occurs when temperatures rise above 28 C during the day and above 16 C at night. This heat level disrupts the canola plant\u2019s growth cycle leading to a drop in yield at harvest. In 2020 alone, Canada\u2019s prairie provinces experienced numerous days where the temperature exceeded this threshold. High temperatures combined with dry conditions can lead to significant yield losses.\n<\/p>\n<p>\nThis parametric insurance solution is affordable, easy to use, and eliminates the paperwork and hassle of filing a claim for busy farmers. Farmers Edge customers simply choose which fields they wish to insure, and their digital platform FarmCommand does the rest. It will passively collect all the data (temperature, field conditions, planting date), trigger a guaranteed claim when the weather and cumulative growing degree day thresholds are met, and automatically send it to Munich Re. All of this is done in real-time, expediting the insurance settlement process and eliminating the need for a claim adjustment. Best of all, it is fully transparent and requires no supervision on the part of farmers.\n<\/p>\n<p>\n\u201cWe are thrilled to offer Canadian canola farmers this novel product that can help them deal with the catastrophic effects of climate change on their crops,\u201d said Wade Barnes, Chief Executive Officer and founder of Farmers Edge. \u201cGrowers have never had access to a product like this to protect themselves from excess heat that can be extremely damaging to the crop. With canola prices hitting record highs, this gives farmers peace of mind and allows them to focus on farming.\u201d\n<\/p>\n<p>\n\u201cEvery year we hear reports of \u2018Heat Blast\u2019 in canola caused by heat and lack of rain,\u201d said Thom Weir PAg, Senior Agronomist at Farmers Edge. \u201cA product that allows farmers to insure against losses caused by heat blast is one more risk management tool that will allow producers in susceptible areas to protect their financial inputs into their canola crops.\u201d\n<\/p>\n<p><b>About Farmers Edge<\/b><\/p>\n<p><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.farmersedge.ca%2F&amp;esheet=52419534&amp;newsitemid=20210428005379&amp;lan=en-US&amp;anchor=Farmers+Edge&amp;index=2&amp;md5=600249a803ce3efb7c69b90ed8d4ade6\">Farmers Edge<\/a> is leading the next agricultural revolution with the industry\u2019s broadest portfolio of proprietary technological innovations, spanning hardware, software, and services. Powered by a unique combination of connected field sensors, artificial intelligence, big data analytics, and agronomic expertise, the Company\u2019s digital platform turns data into actions and intelligent insights, delivering value to all stakeholders of the agricultural ecosystem. Farmers Edge disruptive technologies accelerate digital transformation on the farm and beyond, protecting our global resources and ensuring sustainable food production for a rapidly growing population. For more information, please visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.farmersedge.ca%2F&amp;esheet=52419534&amp;newsitemid=20210428005379&amp;lan=en-US&amp;anchor=www.farmersedge.ca&amp;index=3&amp;md5=ec1ecb1d75870fc3be7960995bae7da5\">www.farmersedge.ca<\/a> and SEDAR (<a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.sedar.com%2F&amp;esheet=52419534&amp;newsitemid=20210428005379&amp;lan=en-US&amp;anchor=www.sedar.com&amp;index=4&amp;md5=79163c800382c7a1d11c181ebd11c47f\">www.sedar.com<\/a>).\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210428005379r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210428005379\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210428005379\/en\/<\/a><\/span><\/p>\n<p>\nMedia:<br \/>\n<br \/>Richard Berman<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:richard@verbfactory.com\">richard@verbfactory.com<br \/>\n<\/a><br \/>647-294-8372\n<\/p>\n<p><b>KEYWORDS:<\/b> North America Canada<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Professional Services Technology Other Technology Insurance Agriculture Natural Resources<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210428005379\/en\/874556\/3\/Farmers_Edge_Logo_Gray_TM.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Photo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210428005379\/en\/874557\/3\/CHB_Infographic.jpg\" alt=\"Photo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\">Affordable, easy-to-use insurance product reduces the risk of extreme weather for canola growers in Alberta, Saskatchewan, and Manitoba. (Graphic: Business Wire)<\/font><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Photo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210428005379\/en\/874558\/3\/CHB_Post_Image_1.jpg\" alt=\"Photo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\">This innovative digital product will help Canadian farmers protect the substantial investment in their canola crop while mitigating the financial damage that an extreme heatwave can have on yields. (Graphic: Business Wire)<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Farmers Edge Announces First of its Kind Canola Heat Blast Yield Protection Affordable, easy-to-use insurance product reduces the risk of extreme weather for canola growers in Alberta, Saskatchewan, and Manitoba WINNIPEG, Manitoba&#8211;(BUSINESS WIRE)&#8211;Farmers Edge Inc. (TSX: FDGE), a Winnipeg-based pure-play digital agriculture company, is pleased to offer Canada\u2019s first Canola Heat Blast Yield Protection to its customers. This innovative digital product will help Canadian farmers protect the substantial investment in their canola crop while mitigating the financial damage that an extreme heatwave can have on yields. Farmers Edge digitizes the flow of insurance data from start to finish, and Munich Re, one of the global leaders in the insurance industry with A+ (Superior) Financial Strength Rating affirmed by AM Best, &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/farmers-edge-announces-first-of-its-kind-canola-heat-blast-yield-protection\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Farmers Edge Announces First of its Kind Canola Heat Blast Yield Protection&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-483054","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Farmers Edge Announces First of its Kind Canola Heat Blast Yield Protection - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/farmers-edge-announces-first-of-its-kind-canola-heat-blast-yield-protection\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Farmers Edge Announces First of its Kind Canola Heat Blast Yield Protection - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Farmers Edge Announces First of its Kind Canola Heat Blast Yield Protection Affordable, easy-to-use insurance product reduces the risk of extreme weather for canola growers in Alberta, Saskatchewan, and Manitoba WINNIPEG, Manitoba&#8211;(BUSINESS WIRE)&#8211;Farmers Edge Inc. (TSX: FDGE), a Winnipeg-based pure-play digital agriculture company, is pleased to offer Canada\u2019s first Canola Heat Blast Yield Protection to its customers. This innovative digital product will help Canadian farmers protect the substantial investment in their canola crop while mitigating the financial damage that an extreme heatwave can have on yields. Farmers Edge digitizes the flow of insurance data from start to finish, and Munich Re, one of the global leaders in the insurance industry with A+ (Superior) Financial Strength Rating affirmed by AM Best, &hellip; Continue reading &quot;Farmers Edge Announces First of its Kind Canola Heat Blast Yield Protection&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/farmers-edge-announces-first-of-its-kind-canola-heat-blast-yield-protection\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-28T11:04:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mms.businesswire.com\/media\/20210428005379\/en\/874557\/4\/CHB_Infographic.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/farmers-edge-announces-first-of-its-kind-canola-heat-blast-yield-protection\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/farmers-edge-announces-first-of-its-kind-canola-heat-blast-yield-protection\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Farmers Edge Announces First of its Kind Canola Heat Blast Yield Protection\",\"datePublished\":\"2021-04-28T11:04:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/farmers-edge-announces-first-of-its-kind-canola-heat-blast-yield-protection\\\/\"},\"wordCount\":699,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/farmers-edge-announces-first-of-its-kind-canola-heat-blast-yield-protection\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mms.businesswire.com\\\/media\\\/20210428005379\\\/en\\\/874557\\\/4\\\/CHB_Infographic.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/farmers-edge-announces-first-of-its-kind-canola-heat-blast-yield-protection\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/farmers-edge-announces-first-of-its-kind-canola-heat-blast-yield-protection\\\/\",\"name\":\"Farmers Edge Announces First of its Kind Canola Heat Blast Yield Protection - 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(TSX: FDGE), a Winnipeg-based pure-play digital agriculture company, is pleased to offer Canada\u2019s first Canola Heat Blast Yield Protection to its customers. This innovative digital product will help Canadian farmers protect the substantial investment in their canola crop while mitigating the financial damage that an extreme heatwave can have on yields. Farmers Edge digitizes the flow of insurance data from start to finish, and Munich Re, one of the global leaders in the insurance industry with A+ (Superior) Financial Strength Rating affirmed by AM Best, &hellip; Continue reading \"Farmers Edge Announces First of its Kind Canola Heat Blast Yield Protection\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/farmers-edge-announces-first-of-its-kind-canola-heat-blast-yield-protection\/","og_site_name":"Market Newsdesk","article_published_time":"2021-04-28T11:04:10+00:00","og_image":[{"url":"https:\/\/mms.businesswire.com\/media\/20210428005379\/en\/874557\/4\/CHB_Infographic.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/farmers-edge-announces-first-of-its-kind-canola-heat-blast-yield-protection\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/farmers-edge-announces-first-of-its-kind-canola-heat-blast-yield-protection\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Farmers Edge Announces First of its Kind Canola Heat Blast Yield Protection","datePublished":"2021-04-28T11:04:10+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/farmers-edge-announces-first-of-its-kind-canola-heat-blast-yield-protection\/"},"wordCount":699,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/farmers-edge-announces-first-of-its-kind-canola-heat-blast-yield-protection\/#primaryimage"},"thumbnailUrl":"https:\/\/mms.businesswire.com\/media\/20210428005379\/en\/874557\/4\/CHB_Infographic.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/farmers-edge-announces-first-of-its-kind-canola-heat-blast-yield-protection\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/farmers-edge-announces-first-of-its-kind-canola-heat-blast-yield-protection\/","name":"Farmers Edge Announces First of its Kind Canola Heat Blast Yield Protection - 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