VANE

What VANE does

VANE is a specialty agricultural insurance provider founded in 2020 by Don Preusser and operating as Precision Risk Insurance, LLC from New Prague, Minnesota. The company addresses a defined market gap: agribusinesses that supply products and services to farmers (equipment dealers, cooperatives, custom harvesters, aerial/ground applicators, ag lenders, seed providers, and growers themselves) are ineligible for federal crop insurance yet face material revenue losses when weather events damage the crops of their farmer customers. VANE writes excess and surplus (E&S) lines field-level revenue insurance that pays out when weather impacts the contracted services or sales of these agribusiness accounts.

The company underwrites and adjudicates policies using a proprietary technology stack combining 30+ years of federal crop insurance claims data, Farm Service Agency records, satellite imagery, remote sensing, and operational telemetry from John Deere JDLink. Policies are priced per acre and linked to the specific field locations serviced by the customer, enabling field-level risk selection and remote claims validation without contacting grower customers. Product set spans approximately a dozen offerings—including Custom Farming Revenue, Prevent Plant, Replant Guarantee, Equipment Rental and Lease Revenue, Forward Contracting, Respray, Malting Barley Quality Failure, and Growers Revenue—and is complemented by a free Weather Exposure Risk Analysis tool that serves as a sales lead generator. Policies are backed by A-rated reinsurers focused on agriculture, and customer references include Dolechek Trucking, JR's Harvesting, Olsen Custom Farms, Frederick Harvesting, and Meristem Crop Performance.

The go-to-market is enterprise field sales targeting U.S. agribusinesses, supplemented by content marketing, trade publications, and presence at industry events such as the U.S. Custom Harvesters Annual Convention. VANE operates with a small core team (~9 employees) drawn from John Deere Insurance, Syngenta, AGP, and other agriculture and insurance organizations. The firm is privately held and founder-led, with no disclosed institutional funding, making it a venture-stage specialty insurer operating in a niche it has helped create.

Name

VANE

Legal name

Precision Risk Insurance, LLC

Website

https://vane.ag

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

1–10 employees

Short description

VANE is a specialty agricultural insurance provider offering field-level revenue insurance to U.S. agribusinesses (equipment dealers, cooperatives, custom harvesters, applicators, lenders, seed providers) ineligible for federal crop insurance, using satellite imagery, weather data, and JDLink integration for underwriting and claims validation.

Ownership category

akta.pro rank

Product category

Agricultural Insurance

NAICS

Insurance Agencies and Brokerages (524210), Insurance Carriers and Related Activities (524), Farm Management Services (115116)

SIC

Agricultural Services (700)

akta.pro primary industry

Crop & Farm Property Insurance (FSAJACAK)

akta.pro secondary industry

Farm Risk Management & Insurance Advisory (AFACAJAD)

Keywords

• Agricultural insurance
• Field-level revenue insurance
• Weather risk management
• Crop revenue protection
• Agribusiness insurance solutions

Headquarters

HQ city

New Prague, Minnesota

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Agricultural Revenue Insurance Premiums: Insurance premiums calculated per acre and linked directly to field-level locations serviced by agribusiness customers. Coverage is customized based on region, historical weather risk, and specific customer operations. Policies are excess and surplus lines coverage (E&S) for weather-related revenue protection.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels6 records

Core offering

VANE is a specialty agricultural insurance provider that designs and sells field-level revenue insurance products for agribusinesses that are ineligible for federal crop insurance. Coverage is customized per acre and tied to specific field locations, with underwriting and claims validation powered by satellite imagery, remote sensing, JDLink integration, and 30+ years of historical government crop insurance claims data.

Product overview

VANE is a specialty agricultural insurance company providing first-of-its-kind field-level revenue insurance solutions for agribusinesses. The company operates as an excess and surplus lines insurer (not an approved insurance provider under FCIC) and offers a portfolio of customized insurance products including: Equipment Rental and Lease Revenue Insurance, Cooperatives/Ag Retailers/Processors Revenue Insurance, Custom Farming Revenue Insurance, Ground & Aerial Applicators Insurance, Agricultural Financing & Lending Insurance, Seed & Nutrient Providers Replant Guarantee, Growers Revenue Insurance, Replant Coverage, Respray Coverage, Prevent Plant Insurance, Malting Barley Quality Failure Coverage, and Forward Contracting Coverage. These products are complemented by a FREE Weather Exposure Risk Analysis tool. The company was founded in 2020 by Don Preusser and uses satellite imagery, remote sensing, historical data, and climate modeling for underwriting and claims validation.

Differentiator

Problem solved

Functional benefit

Products and services

• Equipment Rental and Lease Revenue Insurance Insurance coverage that protects equipment dealers from weather-related revenue losses when contracted product and service revenues are lost because weather events disrupt the crop season for their farmer customers.
• Cooperatives, Ag Retailers & Processors Revenue Insurance Comprehensive insurance bundle for cooperatives and ag retailers including Custom Farming Revenue, Prevent Plant, Replant Guarantee, Equipment Rental and Lease Revenue, and Forward Contracting coverage to protect agribusinesses offering multiple products and services to farmers.
• Custom Farming Revenue Insurance Revenue protection policy for custom farming operations covering weather-related losses during planting, crop care, and harvesting services, with premiums calculated per acre and linked to field-level service locations.
• Ground & Aerial Applicators Insurance Custom Farming Revenue, Prevent Plant, and Replant Guarantee insurance protecting application service providers from weather-related revenue loss when product and service revenues are lost due to weather events.
• Agricultural Financing & Lending Insurance Customized coverage including Custom Farming Revenue, Prevent Plant, and Equipment Lease & Rental Insurance to protect agricultural lenders when revenues are lost due to weather events affecting their farming clients.
• Seed & Nutrient Providers Replant Guarantee Insurance Replant Guarantee and Prevent Plant Insurance mitigating risk for seed and seed treatment providers who offer replant guarantees and suffer revenue losses when weather events require product replacement.
• Growers Revenue Insurance Tailor-made insurance solutions for growers covering excessive equipment usage, contracted grain, quality failure, and row crop protection against weather-related revenue exposure.
• Replant Coverage Insurance coverage for seed and seed treatment providers that covers the cost of necessary seed and seed treatments when original crops have been damaged by weather and need to be replanted.
• Respray Coverage Insurance product covering the cost of chemical reapplications when a covered weather event forces a respray, protecting both growers and agribusinesses providing replacement products or reapplication services.
• Prevent Plant Insurance Coverage for situations where farmers cannot plant crops due to weather events, protecting agribusinesses that planned to sell inputs or services to those producers.
• Malting Barley Quality Failure Coverage Specialized coverage for growers protecting against revenue losses from malting barley quality failures.
• Forward Contracting Coverage Insurance protection for contracted grain revenue against weather-related losses.

Quantifiable outcome

• Claims paid within 30 days of acreage destruction
• +2 more outcomes

Named customers5 records

Segments7 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

AI capability7 records

Feature3 records

Partnerships

One partnership is on record.

• John Deere (JDLink Integration)coreTechnology or IntegrationTechnology integration partnership enabling VANE to access field operation data through John Deere's JDLink software for automated claims validation and acreage tracking. This integration allows remote verification of serviced field locations without contacting grower customers.

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• ARMtech Insurance Services: ARMtech is a crop insurance specialist writing MPCI and named-peril crop policies on a multi-state basis (now part of Zurich North America's crop business). Direct comparable to VANE in crop/agribusiness insurance distribution, although operating primarily in federal crop insurance rather than field-level revenue.
• NAU Country Insurance Company: NAU Country is a specialty crop insurance underwriter offering MPCI, crop hail, and precision-ag-enabled policies to producers and agribusinesses. Comparable to VANE in serving the agricultural risk-transfer market, with growing emphasis on data-driven underwriting similar to VANE's field-level approach.
• ProAg: ProAg is a specialty crop insurance provider (now part of TruStage/CUNA Mutual) selling federally-supported MPCI and crop hail policies to agricultural producers and processors across the US. Like VANE, it serves the agribusiness segment with risk-transfer products, though its core product is federal crop insurance rather than field-level agribusiness revenue coverage.
• Rain and Hail Insurance (Chubb subsidiary): Rain and Hail is one of the largest US crop insurance underwriters (owned by Chubb), providing MPCI and crop hail coverage to farmers and agribusinesses. Comparable to VANE as a specialty agricultural risk carrier, though operating at significantly larger scale and with a different product mix.
• Global Ag Risk Solutions: Global Ag Risk Solutions provides weather-based and parametric crop insurance products to agricultural producers and processors, with a focus on whole-farm revenue coverage. Direct peer to VANE in offering non-traditional, weather-linked ag risk products beyond standard MPCI, including products that cover revenue streams adjacent to crop production.

Broad incumbents

• Farmers Mutual Hail Insurance Company of Iowa: FMH is a long-established US mutual crop insurer writing MPCI, crop hail, and precision crop insurance for farmers across the Midwest. Comparable to VANE in agricultural risk-transfer, but as a broader incumbent with a wider product line and a mutual carrier structure rather than a field-level specialty E&S product.
• Great American Insurance Group (Crop Division): Great American's Crop Division writes MPCI, crop hail, and specialty agricultural coverage through independent agents across the US. Comparable to VANE in serving agricultural risk-transfer customers, but as a broad incumbent within a much larger P&C insurance holding company rather than a field-level agribusiness specialist.
• Hudson Crop Insurance Services: Hudson Crop (Hudson Insurance Group, now part of Allianz) is a specialty crop insurance underwriter offering multi-peril and crop hail coverage through independent agents. Comparable to VANE as a multi-state crop insurance underwriter serving agribusinesses, though at larger scale and with a broader agent distribution model.
• Crop Risk Services (AIG): Crop Risk Services, an AIG subsidiary, writes multi-peril crop and crop hail insurance for US producers. Comparable to VANE as a participating crop insurance provider serving the agribusiness supply chain, but as a broad incumbent within AIG's wider commercial insurance portfolio.

Emerging players

• Arbol: Arbol is a parametric weather and climate risk platform offering data-driven insurance products for agriculture, energy, and other weather-exposed industries. Comparable to VANE in using satellite, weather, and remote sensing data to price and settle weather-linked risk, but with a broader cross-industry focus and a more programmatic/platform orientation.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Customer concentration

• Facebookfacebook.com/vaneagsolutions
• LinkedInlinkedin.com/company/vaneag

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about VANE