Why Use Drones for Livestock Collateral Verification?
In light of recent scandals where banks were defrauded tens of millions of dollars due to “ghost cattle”, more and more banks are implementing better collateral verification processes. One step in this direction is improving livestock counting processes by using drones. In a test that CattleQuants performed to evaluate how accurately people can estimate cattle numbers, cattle owners consistently underestimated the number of cattle on a ranch, sometimes by as … Read more