The United Kingdom-based charity organization Oxfam International announced the success of its blockchain-based delivery system of microinsurance to paddy field farmers in Sri Lanka.In a Nov. 4 press release, Etherisc announced that Oxfam’s blockchain-based insurance system had made pay-outs to Sri Lankan farmers who continue to risk losing their crops due to extreme weather events. Blockchain reduces costs and increases pay-outs Oxfam in Sri Lanka, together with its partners Etherisc and Aon plc, will now continue to seek solutions to some of the challenges that will present themselves as the new cropping season starts in the month of November. In the past, issues such as lack of affordable and reliable insurance products, a lack of understanding about how insurance would help a farmer survive, and when and how a claim would be paid, have always acted as major barriers that prevented farmers from utilizing insurance. However, the use of blockchain technology can transform and simplify the insurance claims process, which results in reduced administration costs and a higher percentage of premiums being used for fully trusted pay-outs. Chief inclusive officer at Etherisc Michiel Berende said: “We are proud to have real-world, on-the-ground success from a blockchain solution for microinsurance [...] We are delighted with the first phase results and we are excited to drive on and help more farmers.” Oxfam continues to use stablecoins to distribute aid In June, Oxfam partnered with Australian tech startup Sempo and blockchain company ConsenSys to test stablecoin Dai’s (DAI) suitability for aid in regions suffering from natural disasters. With the support of the Australian government, a philanthropic initiative was launched and dubbed UnBlocked Cash. Oxfam and Sempo reportedly chose the world’s most natural disaster-prone country, Vanuatu, to test the system. In September, Oxfam initiated the pilot program’s second phase to further distribute disaster relief. Joshua Hallwright, Oxfam Australia’s humanitarian lead, told Cointelegraph in June that it was “highly likely that Oxfam will use stablecoins or other distributed ledger technologies to provide cash aid in disaster responses in the future, either in Vanuatu or elsewhere.” Source - https://cointelegraph.com
India - Crop loss imminent as IMD rules out rainfall till August-end in Odisha
With the India Meteorological Department (IMD) on Tuesday ruling out the possibility of any significant rainfall in the State till the end of August, drought seems to have become imminent. IMD Director General Mrutyunjay Mohapatra told media persons that 27 districts of the State have received 33 per cent less than the normal rainfall from June to August and deficit rainfall in August was 55 per cent.
Germany - 2021 wheat crop to fall 3.6% after adverse weather
Germany's 2021 wheat crop of all types is expected to fall 3.6% on the year to 21.37 million tonnes after poor weather, according to estimates released by the agriculture ministry on Wednesday. Crops suffered from swings in weather, with a cold spring followed by a hot, dry start to the summer and then unwelcome harvest-time rain and storms, the ministry said in preliminary forecasts for the 2021 harvest.
Egypt - Weather has caused a reduction in the mango harvest
There’s still a few more months left in the Egyptian mango season, but the year has brought significant challenges. The weather resulted in 30% less production this year, and the heat could be a threat to other Egyptian produce as well. Demand has been solid, but the lower harvest has resulted in a price increase.
USA - Severe weather destroys thousands of acres of crop in Fairbank
Thousands of acres of corn and soybean in Fairbank were destroyed Tuesday night after severe storms rolled through eastern Iowa. A clearer picture of the scale of destruction was made clear on Wednesday. Adrienna Olson with the Buchanan County Farm Service Agency says only a few reports from Fairbank and Hazelton Township have been reported. They include corn and soybean damage.
USA - Heat bears down on California grapes
California grape growers continue to contend with heat and drought issues. “There is ample volume of red and green seedless. There will be some shortages though I imagine,” says Philippe Markarian of Fresno, CA-based Mirabella Farms. “We won’t see them at the moment but it will be on red and black seedless grapes.
India - Farmers in Erode urged to insure crops for Kharif season
The district administration has asked the farmers in the district to insure crops under the Pradhan Mantri Fasal Bima Yojana (Prime Minister’s Crop Insurance Scheme) for Kharif season 2021 so that they can get relief for crop loss due to natural calamities, pest attack or disease outbreak in the current rabi season.
Online Agroinsurance Conference to be held on October 4-5, 2021
Due to the concerns around health safety of conference participants and in accordance with the guidance from the Georgian health authorities, AgroInsurance is forced to reschedule Conference to year 2022. More detailed information about new dates and arrangements will be provided in February 2022. Notwithstanding another reschedule of the Conference, AgroInsurance is committed to conduct the online webinar with 2 sessions on October 4-5, 2021.
Malaysia - Sarawak Disaster Management Committee to assist durian farmers
The Sarawak Disaster Management Committee is intent on working out a mechanism for durian farmers in areas under Covid-19 lockdown to bring out their fruits to the market. Its chairman Datuk Amar Douglas Uggah Embas said he would discuss with the divisional health department to work out a suitable arrangement.