Two AGEC students gain experience in risk management consulting
Written by Kendell Combs, Junior, Agribusiness Management & Agricultural Communication
Risk management is an important but sometimes overlooked section of the agriculture industry when it comes to looking for an internship. Two AGEC students found opportunities and successes in this type of role over the summer. Adrianne Trennepohl (Senior; Sales & Marketing; Middletown, IN) and Maddie Mills (Senior; AgriFinance; Ladoga, IN) spent their summers educating farmers and agents on important information that affects their daily business operations. Adrianne and Maddie were able to experience corporate life and business organization and how their interactions had a direct impact on their customers, even though each had their own differences regarding their daily tasks.
Educating farmers on their responsibilities and options to insure their farms was something Adrianne become very familiar with. Located in downtown Indianapolis, Adrianne worked for Indiana Farm Bureau Insurance as the Farm Training Intern. There, she trained agents and underwriters on farm insurance and how their choices would affect their operations. “My favorite part was actually being able to be a part of and contribute to projects that were impacting the entire company.” Adrianne got a taste of corporate life through the various projects that Indiana Farm Bureau allowed her to collaborate on.
As a Risk Management Consultant for Nationwide Agribusiness, Maddie visited farmers across Indiana and Michigan to look deeper into their risks present at their farm. The reports Maddie made after visiting the farm and going through any questions the owner had directly affected the next steps the farmer would take as a business owner. “I would come home and write a report that would include any recommendations to keep their risk down.” Maddie found visiting farmers around the region provided her with great experiences to see how one farmer operates completely different compared to another.
Their roles in risk management allowed them to become familiar with ways businesses and people can strive to reduce the amount of risk that they could endure. After their internships, Adrianne and Maddie said they gained a bigger appreciation for the work that insurance companies put in for the well-being of the customers.