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Ethiopia set to launch weather index based crop insurance

The government of Ethiopia is set to introduce weather index based crop insurance aiming to rescue smallholder farmers from unpredictable weather that damages their crops.

When implemented, this new insurance product will enable smallholder farmers to insure their loans and investments to purchase and use agricultural inputs. The insurance service is expected to reach over 200,000 farmers at the initial period and millions of small holder farmers in the coming strategic periods.

Pilot Index-Based Livestock Insurance (IBLI) project in Kenya and Ethiopia demonstrates innovative approaches to insuring poor nomadic pastoralists in challenging circumstances, according to the 2015 global report, ‘Scaling up index insurance for smallholder farmers: Recent evidence and insights’.

Read the full article.

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