Aanika to Enter Bio-Backed Insurance Agreement with Satur Farms
Aanika Biosciences, a biotechnology startup focused on bringing trust, transparency, and traceability to our 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, a biotechnology startup focused on bringing trust, transparency, and traceability to our 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.
- This transaction marks many firsts for Aanika as well as the biotechnology and insurance industries.
- Not only will this provide traceability for Satur products across the Northeast, but this is one of the first biotechnology products to embed insurance coverage.
- Paulette Satur, CEO of Satur Farms, has seen firsthand how the lack of traceability in the supply chain can lead to significant losses in revenue, endless legal costs and a reputational hit.