The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Aug. 26, 2008
Filed:
Jun. 17, 2004
Gary Reding, Minnetonka, MN (US);
Kent Beadle, Hudson, WI (US);
Chris Nikkel, South Minneapolis, MN (US);
Mark Schulze, Edina, MN (US);
Walker Humphries, Edina, MN (US);
Dave Womeldorf, Lakeville, MN (US);
David Clark, Cambridge, MA (US);
Scott Cerreta, Framingham, MA (US);
Carl Ozkaynak, Quincy, MA (US);
Julia A. Granada Rodriguez, Waltham, MA (US);
Gary Reding, Minnetonka, MN (US);
Kent Beadle, Hudson, WI (US);
Chris Nikkel, South Minneapolis, MN (US);
Mark Schulze, Edina, MN (US);
Walker Humphries, Edina, MN (US);
Dave Womeldorf, Lakeville, MN (US);
David Clark, Cambridge, MA (US);
Scott Cerreta, Framingham, MA (US);
Carl Ozkaynak, Quincy, MA (US);
Julia A. Granada Rodriguez, Waltham, MA (US);
Farms Technology, LLC, Overland Park, KS (US);
Abstract
An integrated virtual market is provided that facilitates communication between the producers of a given commodity and the parties wishing to purchase such commodities. This system provides real-time updated information about local pricing being offered by those purchasers. In addition, those producers can post offers that can automatically be accepted by purchasers and have contracts automatically generated. An important consideration from a purchaser's prospective is minimizing the risk associated with making such transactions. Due to this, futures contracts are often obtained. The virtual market system of the present inventions automatically requests and obtains futures contracts to hedge the contracts being generated.