Traditionally, claim estimates in crop insurance involve travel, farm visits, joint inspections, and closer interaction with the farmer. But now, with strict health and safety measures in place, these activities are limited. So, what happens when a loss adjuster is unable to visit a farm to verify a claim?
The Indian Space Research Organisation (Isro)'s technology is no longer mainly about launching satellites. The space agency has been constantly enlarging its role in development activities, contributing to Prime Minister Narendra Modi’s mission of "Transforming India", said Union Minister of State (Independent Charge), Development of Atomic Energy and Space, Jitendra Singh.
As rural broadband access reaches a critical mass, the cost of bringing Big Data and the Internet of Things (IoT) to the farm has decreased. “Farm Tech startup investment bucked global venture capital markets across sectors by increasing 6.8% year-over-year to $4.7 billion in 2019; some 370% more than in 2013.”
The Department of Agriculture (DA) has tapped Swiss firm Satsure AG to improve its crop insurance program by using satellite technology to fast-track monitoring and delivery of indemnification to disaster-hit farmers. The DA said it has signed a memorandum of agreement with Satsure AG through the Planters Products Inc. last June 8 “to provide better crop insurance in the country.”
New Delhi: The Department of Agriculture, Cooperation and Farmers Welfare, through Mahalanobis National Crop Forecast Centre (MNCFC) had carried out pilot studies for Optimization of Crop Cutting Experiments (CCEs) in various States involving 8 agencies and organizations during Kharif 2018 and Rabi 2018-19 under Pradhan Mantri Fasal Bima Yojana (PMFBY).
In spring this year, ESA already contacted you to take part in the survey about Earth Observation for the Agro-Insurance sector. As an outcome of the survey, ESA will hold a one-day workshop where you can get in closer contact with each other, partners from the Agro-Insurance sector and the EO-sector.
The RADARSAT Constellation Mission (RCM) is Canada’s new generation of Earth observation satellites, launched on June 12, 2019. The three identical satellites will work together to bring solutions to key challenges for Canadians, including farmers. The data coming from the satellites are going to provide wall-to-wall coverage of Canada’s terrestrial land mass.
Agriculture is facing new challenges every year, which makesfarmers and agribusinesses around the world to rely heavily on insurance companies. According to data provided by the World Bank, the Earth population will increase up to 9 billion by 2050. During the same period, food demand will grow by 50%.
In the last few years there has been a fast growth in the amount of Earth observation data acquired from space. New ways to enable its exploitation may offer many opportunities to various industries, including agriculture insurance. To extract the full Earth observation potential for the sector, the European Space Agency initiates the workshop “Earth Observation best practices for the Agro-Insurance Sector”.
The Iranian Space Agency (ISA) has released a report on satellite crop monitoring of the subtropical area in its Northern provinces of Gilan and Mazandaran. The monitoring is based on the imagery received from remote sensing satellites. The detailed report is provided for provincial managers in order to improve macro-management of agriculture nationwide.
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