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The Digital Transformation in Banking Is Good for Agricultural Finance
The past few decades have seen a shift toward digital transformation in banking, but not all financial institutions are moving at the same pace. According to Forbes, “Banks have a long, long way to go,” with nearly half of the banks in one survey reporting that they...
What Is Data Visualization and Why Is It Crucial to Mitigate Risk?
The world’s economies live in the age of information. Data about every aspect of life is being generated and recorded at an unprecedented rate. This revolution of information unlocks untold insights into complex mechanisms that animate the modern economy. The sheer...
The Key Aspect That GIS Solutions in the Banking Sector Must Have for Agriculture
GIS solutions in the banking sector are an important part of success in modern banking. As the World Bank notes, geospatial technology can be used to “map existing financial access points and assess the distribution of financial services by regions in a more granular...
New Data Management Tools Outperform the Status Quo in Ag Risk Mitigation
In the 21st century marketplace, data management is business management. The technological advances of recent decades have unlocked new opportunities at every level of every industry. Cloud computing and big data represent a revolution in risk analysis and business...
Understanding Wildfire Risk in Agriculture Through Data Management
Wildfires represent a material risk to the agricultural industry. Grist reports that wildfire insurance costs are quadrupling for farmers in some regions when they’re even available at all: “Hundreds of farm owners in California have found themselves forced to go...
AQUAOSO Launches Groundbreaking GIS Connect – Part of Data Acclimation Platform
NEWS CLIPPINGFor Immediate Release August 30, 2021 -- AQUAOSO Launches Groundbreaking GIS Connect - Part of Data Acclimation. Connecting ag lenders, investors, and Farm Credits to climate risks impacting portfolios: AQUAOSO launches groundbreaking data acclimation...
Drought Risk Management Comes from Understanding Impact Data
Drought risk management has always played a role in agriculture but is taking on new importance as climate change disrupts historical weather patterns and increases overall water risk. As the World Bank explains on The Water Blog: “Societies have long struggled to...
Risk Data Management in Agriculture Is Changing Quickly
Risk data management in agriculture is changing for several related reasons, including the sheer volume of useful data that can now be unsiloed, collected, and integrated. As a result, agricultural professionals need to find new ways to manage and assess risk data....
What ESG Risk Analysis Should Look Like for Agricultural Finance
Business risk from environmental, social, and governance (ESG) issues is growing. As risk events mount, regulation increases, and investors and customers become more ESG conscious, risk analysis without ESG integration will remain incomplete. Ag finance is no...
3 Key Aspects of Acclimating Financial Data for Climate Change Risk
Climate change risk poses a growing concern for ag portfolios. According to a report from the Environmental Defense Fund, “many agricultural banks are highly exposed to impacts that reduce farmers’ ability to service their debts, including climate-exacerbated extreme...
What ESG Reporting May Require of Risk Management for Banks in Agriculture
Risk management for banks is taking on a new role in an age of climate change and transition risk, especially in industries like agriculture, in which ESG (Environmental, Social, and Governance) reporting requirements are coming into play. Modern risk management...
Using Risk Analytics Tools to Build Water and Climate Resilience in Agricultural Finance
According to the United Nations Environment Program Finance Initiative, climate impacts could lead revenues for agricultural borrowers to drop by 12-22% by 2040 and cause agricultural loan defaults to increase by 10-15%. The changing landscape of 21st-century...
What Agriculture Financial Business Risk Intelligence Should Include in 2021
Business risk in agriculture comes in many forms, including production risk due to crop failure or adverse weather events, and market risks due to falling commodity prices or higher input costs. Climate change is introducing more uncertainty into the equation,...
3 Sustainable Finance Trends in U.S. Agriculture to Lessen Risk and Build Resilience
The most informed investments are the most secure investments. In the rapidly evolving world of US finance, remaining informed on the latest tools and strategies is key to understanding the ag lending and investment landscape. One approach continues to gain momentum....
ESG Risk for Banks in Agriculture Should Be Mitigated with A Reportable Framework
ESG stands for Environmental, Social, and Governance and can be used to describe a company’s business practices or investment philosophy. But as a report by the United Nations Principles for Responsible Investing (UNPRI) points out, “A definitive list of...
The Concept and Pertinence of Data Integration in Agricultural Finance
Data integration is the future of understanding ag risk as it impacts financial risk. It unlocks first-party data with third-party data.
Loan Decisioning and Its Geospatial Risk Data Core
Loan decisioning is the process by which banks or lenders decide whether or not to approve a loan. This process is becoming increasingly automated, as new technologies make it possible to analyze data to a greater degree than ever before. McKinsey calls this a “golden...
How to Reduce Risk in Portfolios with Modern Risk Decision-Making
Traditional loan decision-making focuses on the financial risk of the borrower. But with the impact of climate change, increased regulations, and ESG reporting requirements on the horizon, these old-school approaches are no longer sufficient for reducing risk across...
Asset Valuation In Ag Lending Should Built on Geospatial Data
Asset valuation is a process that financial institutions use to determine the value in their portfolios and decide whether or not to approve loans. Ag lenders may rely on data such as a farm balance sheet to determine the value of a parcel of farmland or a farming...
The Role of Data Aggregation in the Geospatial Risk Data Revolution
Data aggregation is a process in which disparate datasets are compiled together and assembled into a format that is easy to manage and understand. In the past, ag banks and financial institutions have been limited by having separate data silos for different parts of...