Satur Farms enlists Aanika Biosciences for first-of-its-kind bio-backed insurance agreement
Satur Farms enlists Aanika Biosciences for first-of-its-kind bio-backed insurance agreement
Aanika Biosciences, a Brooklyn, NY-based biotechnology startup focused on bringing trust, transparency and traceability to the food system, will be entering into a first-of-its-kind bio-backed insurance agreement with Satur Farms, a specialty crop producer with operations in New York and Arizona.
Aanika Biosciences, which develops products that allow for unparalleled traceability of leafy greens, fresh produce and other commodities, will bundle its technology with a novel parametric food recall and contamination insurance policy, allowing its technology to enable lower rates of coverage than