Dates:
03/07/2017 to 03/09/2017
Country: New Zealand
Categories: Plant Science and Plant
Products; Research; Technology and Engineering
Saturday, 11 February 2017
Saturday, 21 January 2017
Index Insurance: Protecting Cameroon’s Farmers from Climate Shocks
YAOUNDÉ, January 17, 2017─As agriculture in Sub-Saharan Africa becomes increasingly vulnerable to the vagaries of climate change, a new kind of approach to insurance, called “index-based insurance”, has been developing over the years as a response. Contrary to more classic models of agricultural insurance, which defines rates in function of the probability of loss and the yields of the previous year, index-based insurance uses meteorological indices such as humidity, rainfall, temperature, and collects satellite data to anticipate and manage risk.
In order to develop this innovative tool, which has the advantage of being more affordable for farmers and can accelerate the settlement of claims without sending an expert, the Government of Cameroon requested the World Bank and the International Finance Corporation (IFC) to conduct a feasibility study to improve the knowledge and understanding of the market opportunity for index insurance in the agriculture sector. The findings were unveiled in Douala on December 15, 2016, at a workshop jointly organized by the World Bank Group and the Association of Insurance Companies of Cameroon (ASAC). The event was another milestone for Cameroon’s agricultural sector, which is increasingly experiencing shocks due to climate change.
In 2015, the sector accounted for 20% of the country’s gross domestic product (GDP), approximately $6 billion, and employed 54% of the population. Even though more than 12 million Cameroonians depend on agriculture for their livelihoods, their primary means of agricultural risk mitigation are limited to risk avoidance and other informal approaches such as underinvesting in agricultural inputs.
Recognizing an opportunity in the agro-insurance space in Cameroon, the World Bank Group focused the feasibility study on value chain mapping in order to assess index insurance opportunities along the value chains for cotton, maize, livestock, and sorghum. It also sought to catalyze and reinforce the development of a sustainable market for agricultural insurance products. Additionally, the findings are also expected to complement two World Bank projects in Cameroon: the Agriculture Investment and Market Development Project and the Livestock Development Project.
“Agriculture index insurance will mitigate the risks of climate change for both farmers and those who finance them,” says Alphonsus Achomuma, World Bank Senior Financial Sector Specialist. “This will encourage the use of optimal investment in agricultural inputs & methods, and encourage banks and micro finance institutions to provide financing to farmers,” he emphasized.
Another element that the study examines is the readiness of the enabling environment that would allow for the development of an agricultural insurance market. As part of the Conférence interafricaine des marchés d’assurances (CIMA) zone, the regional body of the insurance industry for 14 Francophone countries in Africa, Cameroon has broadly adopted the regulatory frameworks for microinsurance since the notion of index insurance was introduced in 2012. The sub-region received technical and financial support from the Global Index Insurance Facility (GIIF) for the regional microinsurance study, resulting in CIMA Book 7 that allows the practice of microinsurance operations, including index insurance.
The workshop brought together more than 55 participants: four ministries (Finance, Agriculture, Economy and Livestock), ten local and international insurance companies, eight local and regional banks and microfinance institutions, a national research institute in agriculture, inputs providers, farmers’ cooperatives, Sodeocoton (a parastatal cotton producer), and development partners including the African Development Bank (AfDB) and the German Development Cooperation (GIZ).
The workshop also served as a forum for stakeholders to discuss opportunities and challenges for the development of an agricultural insurance market in Cameroon. Their inputs are critical to the pilot implementation of index insurance products for cotton, maize, sorghum, and livestock which will begin in 2017. The benefits of the pilot are expected to reach over 70,000 farmers and pastoralists by 2019. To ensure the pilot’s success, GIIF is committed to raising awareness on index insurance, providing financial support to lower the cost of agriculture insurance, developing data infrastructure, and building capacity of the local stakeholders.
In order to develop this innovative tool, which has the advantage of being more affordable for farmers and can accelerate the settlement of claims without sending an expert, the Government of Cameroon requested the World Bank and the International Finance Corporation (IFC) to conduct a feasibility study to improve the knowledge and understanding of the market opportunity for index insurance in the agriculture sector. The findings were unveiled in Douala on December 15, 2016, at a workshop jointly organized by the World Bank Group and the Association of Insurance Companies of Cameroon (ASAC). The event was another milestone for Cameroon’s agricultural sector, which is increasingly experiencing shocks due to climate change.
In 2015, the sector accounted for 20% of the country’s gross domestic product (GDP), approximately $6 billion, and employed 54% of the population. Even though more than 12 million Cameroonians depend on agriculture for their livelihoods, their primary means of agricultural risk mitigation are limited to risk avoidance and other informal approaches such as underinvesting in agricultural inputs.
Recognizing an opportunity in the agro-insurance space in Cameroon, the World Bank Group focused the feasibility study on value chain mapping in order to assess index insurance opportunities along the value chains for cotton, maize, livestock, and sorghum. It also sought to catalyze and reinforce the development of a sustainable market for agricultural insurance products. Additionally, the findings are also expected to complement two World Bank projects in Cameroon: the Agriculture Investment and Market Development Project and the Livestock Development Project.
“Agriculture index insurance will mitigate the risks of climate change for both farmers and those who finance them,” says Alphonsus Achomuma, World Bank Senior Financial Sector Specialist. “This will encourage the use of optimal investment in agricultural inputs & methods, and encourage banks and micro finance institutions to provide financing to farmers,” he emphasized.
Another element that the study examines is the readiness of the enabling environment that would allow for the development of an agricultural insurance market. As part of the Conférence interafricaine des marchés d’assurances (CIMA) zone, the regional body of the insurance industry for 14 Francophone countries in Africa, Cameroon has broadly adopted the regulatory frameworks for microinsurance since the notion of index insurance was introduced in 2012. The sub-region received technical and financial support from the Global Index Insurance Facility (GIIF) for the regional microinsurance study, resulting in CIMA Book 7 that allows the practice of microinsurance operations, including index insurance.
The workshop brought together more than 55 participants: four ministries (Finance, Agriculture, Economy and Livestock), ten local and international insurance companies, eight local and regional banks and microfinance institutions, a national research institute in agriculture, inputs providers, farmers’ cooperatives, Sodeocoton (a parastatal cotton producer), and development partners including the African Development Bank (AfDB) and the German Development Cooperation (GIZ).
The workshop also served as a forum for stakeholders to discuss opportunities and challenges for the development of an agricultural insurance market in Cameroon. Their inputs are critical to the pilot implementation of index insurance products for cotton, maize, sorghum, and livestock which will begin in 2017. The benefits of the pilot are expected to reach over 70,000 farmers and pastoralists by 2019. To ensure the pilot’s success, GIIF is committed to raising awareness on index insurance, providing financial support to lower the cost of agriculture insurance, developing data infrastructure, and building capacity of the local stakeholders.
Sunday, 15 January 2017
1st Asian Conference on "Water and Land Management for Food and Livelihood Security"- WLMFLS-2017
Dates:
01/20/2017 to 01/22/2017
Country: India
City: Raipur(link is external)
Categories: Natural Resources, Earth and Environment
Thirteenth International Conference on Environmental, Cultural, Economic & Social Sustainability
Dates:
01/19/2017 to 01/20/2017
Country: Brazil
Categories: Farms and Farming Systems;
Economics, Business and Industry; Health and Pathology; Rural and Agricultural
Sociology
Thirteenth International Conference on Environmental, Cultural, Economic & Social Sustainability
Dates:
01/19/2017 to 01/20/2017
Country: Brazil
Categories: Farms and Farming Systems;
Economics, Business and Industry; Health and Pathology; Rural and Agricultural
Sociology
Thirteenth International Conference on Environmental, Cultural, Economic & Social Sustainability
Dates:
01/19/2017 to 01/20/2017
Country: Brazil
Categories: Farms and Farming Systems;
Economics, Business and Industry; Health and Pathology; Rural and Agricultural
Sociology
Monday, 26 December 2016
Poultry nutritional health to combat food borne pathogens
Poultry nutritional
health to combat food borne pathogens
According to global nutritional
health company Diamond V, reducing the pathogens in the gastro-intestinal
tracts of their chickens and turkeys can help reduce the risk of pathogens in
food processing and food products
Pathogenic
bacteria such as Salmonella, Campylobacter and Escherichia coli are among the
major pathogens causing foodborne illness worldwide. On the poultry farm,
conventional approaches like increased bio-security, better hygiene, changes to
management and husbandry and improved feed microbial security can help control
pathogens. Going forward, however, major improvements in pathogen risk reduction
require new tools — innovative nutritional health solutions — to assure greater
food safety.
According to research published by Diamond V , effective
pre-harvest food safety intervention against foodborne pathogens in poultry and
other food animals requires proven reduction in prevalence, number, virulence
and antibiotic resistance, which is a measure of the ability to survive,
reproduce and cause disease despite antibiotic therapy that had controlled such
infection in the past – reducing antibiotic resistance therefore increases the
likelihood that someone who is infected will respond to therapy.
When poultry farmers reduce pathogens such as Salmonella,
Campylobacter and E. coli in their birds, they are helping to reduce the
pathogen load entering the processing facility. Reduced pathogen load in
processing can result in lower costs and improved regulatory compliance for the
food processor. Reduced pathogen load also helps reduce the risk of product
recall, which helps maintain brand integrity and consumer confidence.
Nutritional health research published by Diamond V focuses on
immunity, digestive health, performance, and pre-harvest food safety. The
company will present its pre-harvest food safety research and expertise to the
EuroTier international agricultural trade show in Hanover, Germany during 15-18
November. Dr Wael Abdelrahman, poultry technical service & business
development manager for Diamond V in Europe and other experts from the company
will be available at the event to discuss nutritional health technology to
promote poultry product safety.
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