Ag Armour’s mission is to create private insurance products that are suited for today’s growers and commercial businesses that rely on crop yields. No other insurance of these types are available on the market today.
Ag Armour has worked over the past three years to develop an underwriting methodology that supports the products and their pricing. This model has been accepted by Ag Armour’s risk transfer partners, who reinsure 100% of the Company’s risk.
The company enjoyed a successful 2013 season in which the Company marketed HarvestPRO to agribusinesses in the Midwest U.S.
The company has already raised over $500K in equity and $1.5 million in debt financing. Ag Amour now seeks $2 million to support establishing a larger sales force and a marketing program to drive sales of both HarvestPRO and HarvestMAX.