Insurance carrier Nationwide has partnered with Quanturi to deploy its HAYTECH agricultural technology solution to help protect agricultural losses.
According to Nationwide, hay fires present unpredictable and difficult-to-manage risks for farming and agribusiness operations. They can add up to thousands of dollars in building and replacement costs and lost revenue.
The partnership between Nationwide and Quanturi aims to address this issue with HAYTECH, the state-of-the-art technology to help better prevent hay fires and manage hay quality.
The partnership sees Nationwide’s agribusiness customers have discounted access to HAYTECH, the wireless hay monitoring system. The company added that the new partnership also marks the first time the HAYTECH technology, an IoT-based solution from Finnish AgTech company Quanturi, is available to customers in the US.
By using the system, customers will benefit from secured hay protection, increased income by choosing hay quality and reduced safety risks and labour costs.
Brad Liggett, president of Agribusiness at Nationwide, said, “As a company built to serve the agriculture community’s unique needs, we’re constantly exploring new ways to solve challenges facing our customers – whether they run a small hobby farm or a large commercial agribusiness.
“HAYTECH’s unique solution to the issue of hay fires in agriculture is a perfect example of the intersection of industry expertise and technology to provide even deeper protection and peace of mind for our customers. We’re thrilled for Nationwide customers to be among the first in the country to benefit from this new capability.”
Nadine Pesonen, CEO Quanturi, added,“We are excited to partner with Nationwide and provide farmers with innovative and best-in-class solutions to prevent hay fires and optimize the quality of hay during storage. Nationwide is a frontrunner in bringing new digital technologies to its customers and we believe that HAYTECH, our real-time hay monitoring will help leaders in Agtech make more data-driven decisions.”
Recently, Petco Health and Wellness Company partnered with Nationwide to develop an integrated and affordable pet protection solution.
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