Technology Partnerships Help Agriculture Customers Predict and Prevent Losses

Technology Partnerships Help Agriculture Customers Predict and Prevent Losses

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From electrical failures to severe weather events and rising roadway hazards, today's agriculture businesses are facing a growing list of operational risks.

As pressures mount, more farmers and agribusiness operators are turning to technology to help identify problems earlier, improve decision-making and prevent avoidable losses before they happen.

"Nationwide's risk management technology partnerships are helping producers move from reactive risk management to proactive risk prevention," said Vicente Rico, risk management product development lead for Nationwide Agribusiness. "The goal is not just helping customers recover after a loss, but helping them avoid the loss altogether."

Detecting Risks Before Disaster Strikes
A routine visit between farm certified agent Ron Panichelle and dairy customer Lone Oak Farms helped uncover a hidden electrical issue that could have led to a catastrophic fire.

While scanning breaker boxes with thermal imaging technology from Teledyne FLIR, Panichelle identified a breaker reaching temperatures above 400 degrees during corn drying season. The issue was repaired before it could ignite and disrupt the farm's operation.

"We were able to continue with minimal downtime," said Matthew Carr of Lone Oak Farms. "It could've been a lot worse."

Improving Safety Behind the Wheel
As Velvet Ice Cream expanded its fleet operations, the company turned to video telematics technology to improve driver safety and accountability.

According to company president Luconda Dager, the technology helped significantly reduce driving incidents while also helping quickly resolve accident investigations.

"Razor Tracking has been a game changer for us," Dager said. "Within like a month and a half, we went from double digit incidences down to like two."

Preventing Small Fires From Becoming Major Losses
Equipment fires during harvest and baling season can escalate quickly, damaging machinery and interrupting operations.

That reality became clear for Tim Bauman of Bauman Farms after a fire started on his tractor while baling hay. Just weeks earlier, his agent, Keenan Rice of Eclipse Insurance Agency, had provided Enforcer One's Firebull fire extinguishers through a Nationwide-supported initiative.

The extinguisher allowed Bauman to suppress the flames long enough to disconnect his baler and prevent the fire from spreading further.

"Probably 50 to 60 thousand [dollars] in value was able to be saved," Rice said.

Supporting Agriculture Beyond the Policy

Nationwide continues to expand its risk management technology partnerships, giving agriculture businesses access to tools and services that help identify risks, improve safety and support operational efficiency.

For agents like Rice and Panichelle, these partnerships and loss prevention resources reflect a broader commitment to helping customers protect their operations, prevent avoidable losses and build stronger businesses over time.