Satellite data for agricultural index insurance

How can we ensure that drought is no longer an outright disaster to smallholder farmers in Africa, but instead a manageable risk? With low-cost satellite-based index insurance products that monitor climatic conditions in near real-time and automatically trigger a pay-out when conditions are below no...

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Bibliographic Details
Main Author: Woerd, Joost van der
Format: Magazine Article
Language:Inglés
Published: Technical Centre for Agricultural and Rural Cooperation 2018
Online Access:https://hdl.handle.net/10568/99815
Description
Summary:How can we ensure that drought is no longer an outright disaster to smallholder farmers in Africa, but instead a manageable risk? With low-cost satellite-based index insurance products that monitor climatic conditions in near real-time and automatically trigger a pay-out when conditions are below normal. This helps farmers secure necessary credit for inputs, recover faster from bad seasons and sustainably improve their livelihoods.