Climate plays an important role in the production risks that farmers face. Adverse climate conditions can set the stage for crop failures associated with either a lack or an excess of rainfall as well as the incidence of pests and diseases. Crop insurance is one of the risk management tools available to farmers that covers crop losses caused by adverse weather. An alternative to traditional insurance products is index-based insurance, which shows promise for addressing weather-related risks.
EnsoAg developed advanced web-based platforms to provide growers, cooperatives and insurance companies with a variety of weather index-based insurance products.