New Prague, MN – VANE, a leading provider of specialty agricultural insurance, is expanding its agricultural risk management portfolio to offer insurance coverage for agricultural financing and lending institutions.
VANE’s newest insurance offering is designed to protect agricultural banks and their balance sheets, in the unfortunate scenario of a weather event that would prevent a client from making payments.
“Much like farmers have crop insurance, we are now offering revenue insurance protection for agribusinesses and lenders,” said Matthew Boulos, Global Director of Business Development and Sales at VANE.
“This allows banks to continue to add value, grow their portfolio, and geographic footprint while helping agribusinesses and farmers succeed,” said Don Preusser, Founder and President at VANE. “We are providing a way for ag lenders to buy insurance against the uncertainty associated with disruptive market and weather events.”
It’s no secret that the ag industry is going through a challenging, time. VANE’s portfolio of insurance solutions is designed to protect professionals across the agriculture value chain including equipment dealers, cooperatives, processors, ground and aerial applicators seed and nutrient providers, custom harvesters, and now, agricultural lenders.
“With our portfolio, we can protect both the banker and their agribusiness customers,” Boulos explained. “Agricultural lenders and banks can encourage their customers to purchase this added protection as well. Either way, the revenue is being protected.”
The VANE team brings decades of technology and insurance experience with an emphasis on agriculture, to deliver quality agricultural insurance solutions to each of its clients.
For more information, visit https://vane.ag/.