Mexico - Pasture lands in MX - insured against drought via satellites

20.06.2016 150 views
Back in January this year a small group of my team together with our local partner ProAgro hit the road to the mexican countryside to visit cattle farmers on-site. We had the great opportunity to meet with them and discuss the impact of drought risk on their production. They explained to us how frequent and how severe this can be – they are experiencing substantial losses almost every second or third year. As we left the fields, it was clear to us, how much an effective solution to drought risk is needed. When such events strike, cattle producers are forced to reduce their herd size and buy supplementary fodder. The reason for this is that their beef production is heavily dependent on the availability of natural grassland. If there is little or no rain across the year, there is not enough grass for their herds to graze. This, in turn, means farmers have to incur the extra cost to purchase supplementary fodder to maintain their herds. Given the fact that these are small subsistence farmers, the additional cost is rather a stretch to their finances. Aiming to offer a sustainable risk mitigation solution to these farmers, we, Swiss Re's Agriculture Reinsurance team and ProAgro (Protección Agropecuaria Compañía de Seguros, S.A.) managed to successfully develop and pilot a new satellite based index product. Since the beginning of June cattle producers in Puebla state, Mexico, are insured against drought. The product is designed on the basis of the Normalized Difference Vegetative Index (NDVI), which is an indicator of vegetation growth conditions based on satellite imagery. In essence, the greener the grass is the higher the NDVI value. Insurance payouts are made if during the insurance period the actual measured NDVI on a given pixel grid falls below a predefined threshold of the historical one. In practice, the triggers are set at a level to reflect the onset of pasture production losses due to drought. As part of the Mexican government's macro-level catastrophe CADENA program, the product is 100% subsidized. That's a huge incentive for low income farmers who can now benefit from having an appropriate and cost-effective mechanism in place when next drought strikes. That's how much we can achieve when we partner with innovative insurers and allocate joint efforts to close the protection gap. Source - https://openminds.swissre.com
28.03.2024

Canada - How Sask.'s new budget does and doesn't address climate change

The world is facing record heat from human-caused climate change brought on by carbon dioxide and methane emissions, but the words "climate change" don't appear once in Saskatchewan's newly released 75-page 2024-25 budget.

28.03.2024

Kenya - How crop insurance is transforming agriculture

Kenyan farmers continue to face challenges due to unpredictable weather conditions. As a result, they are turning to insurance coverage for their crops and livestock. Insurance experts have reported that most farmers who are insuring their crops are smallholders who rely on rain-fed agriculture and use low-technology farming methods.

28.03.2024

USA - How spring temperature fluctuations, early blooms are impacting Centre County fruit farmers

Plenty of people in Centre County got outside to enjoy temperatures in the 60s and 70s earlier this month, but spring weather fluctuations continue to cause concern for local fruit farmers.

28.03.2024

USA - Farmers use helicopters to warm crops amid spring freezes

An early spring this year means more work for farmers as early blooms face freezing temperatures. Les Dozier's Sta-N-Step Farms has served Northwest Arkansas since 1989. His farm is one of many facing freezing temperatures that could ruin crops.

28.03.2024

Ireland - Potato will be scarce by June, farmers praying for rain to stop

Farmers have to "watch, hope and pray" for a "sweet spot" of dry weather in the coming weeks or many will have to debate whether to plant at all this year. As continuous rainfall adds to already saturated ground, many big and small potato farmers are warning that the Irish favourite variety of Rooster may be in scarce supply by June.

28.03.2024

USA - Several metro Atlanta counties declared natural disaster zones after severe drought

More than 30 Georgia counties — including 10 in metro Atlanta — have been designated “primary natural disaster areas” by the United States Department of Agriculture, the agency announced Thursday.

27.03.2024

Turkey - Climate change may affect grape cultivation

A recent study has highlighted the impact of the climate crisis on viticulture in Turkey, predicting that the expected rise in temperatures and reduced rainfall could shift the suitability of vineyard regions for grape production over the next three decades.

27.03.2024

Crop crisis reveals El Niño’s toll on Southern Africa

New findings from the El Niño-Southern Oscillation (Enso) reference group highlight the significant impact of the 2023/24 El Niño event on various aspects of climate and agriculture in Southern Africa.

istanbul escort şişli escort tbilisi escort şişli escort şişli escort maslak escort istanbul escort beşiktaş escort taksim escort izmir escort ümraniye escort mecidiyeköy escort şişli escort taksim escort ümraniye escort kartal escort şirinevler escort maltepe escort istanbul escort ümraniye escort kadıköy escort vip escort mersin escort istanbul escorts ataköy escort avcılar escort beylikdüzü escort okmeydanı escort şişli escort tuzla escort işitme cihazı sex shop sex shop sex shop sex shop sex shop sex shop sex shop sex shop