All posts tagged farmers

100% of Spanish olive farmers covered for unseasonal weather received payouts following extreme temperatures

Spain’s agricultural cooperative, Asaja-Jaén, today announced that 100% of the cooperative’s membership who subscribed to parametric insurance to reduce the financial consequences of extreme temperatures on their olive fields this spring have already received compensation as a result of their coverage through Meteo Protect, following the warmest spring in the region since the beginning of the 21st century. Continue Reading

Meteo Protect Nominated for the European Fintech Awards 2017

Meteo Protect, an SAP® Startup Focus member, and Europe’s leading provider of weather risk insurance, has been nominated by stakeholders, users and experts as a leading “Insur Tech” for the European Fintech Awards 2017.  Winners will be determined by a combined public vote and expert assessment, with awards being given at the European Fintech Awards and Conference in Brussels on 27 September.  The European Fintech Awards 2017 celebrates “innovators that shape the future”.


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How avocadoes became the poster fruit for climate change and unprepared risk managers

avocado

It’s being called an avocado-pocalypse. With rising prices, increased knowledge of the burdens both to farmers and to the environment of farming water intensive crops, and the impacts of the changing environment on all industry sectors, it is time to kiss the guac good-bye? Are avocadoes the tipping point in consumers waking up to the effects of climate change in their day-to-day regime, or are they the poster fruit for businesses and investors with their heads in the sand about the extent of weather risks in their portfolio? Any way you peel them, avocadoes are bringing attention to the contributors, risks, and mitigation strategies risk managers need to consider today.

They are calling it an avocado-pocalypse. Prices of the extremely trendy green fruit have sent shockwaves through hearts (and wallets) around the world. Recently touted as one of the world’s healthiest food, full of heart-healthy monounsaturated fatty acids, potassium and vitamins B and E, avocados are no longer just the humble base for guacamole. Nowadays, they are spread on toasted bread, replace cheese in a variety of recipes, and are even incorporated into beauty routines as a moisturizer. It all got a bit too much for even the most ardent avocado fans when a video went viral earlier this year demonstrating how to prepare the (inedible) seeds for consumption.

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Canadian farmers pushed to the limit by this summer’s heat and drought

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It’s a hot, dry summer for most of Canada, which is great for trips to the cottage and dog days by the beach. After two years of unusually cool, wet summers, it seems like a welcome change. But hot, dry weather is for farmers just another iteration of abnormal weather conditions. Farmers rely on normal weather, and it’s nowhere to be found in Canada again this year.

Droughts have been declared in coastal British Columbia and conservation authorities in regions of southern Ontario and Quebec have issued water advisories. Agricultural land in New Brunswick and Nova Scotia is parched, just as in the interior of British Columbia. In Toronto, Ontario there have been more than a dozen days of temperatures exceeding 30 degrees Celsius, where the average is four such days. Where 71.5 mm of rain is expected there, they have received 26.4. Canadians say they are suffering from “weather whiplash”, seeing opposite scenarios of unseasonal and unexpected weather back-to-back each year.

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