Smallholder farmers and lenders with smallholder lending portfolios ( which according to CGAP currently account for about USD 50 billion globally) are highly vulnerable to climate change impacts. mfarmPay, a novel parametric lending solution driving financing to African farmers, offers innovative data-driven solution to reducing climate risk in lending portfolios and incentivising the adoption of climate-smart farming approaches by smallholder food producers.
Remote sensing & GIS
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According to this article, analyses of in situ station data and satellite observations of precipitation have identified another problematic trend: main growing-season rainfall receipts have diminished by 15% in food-insecure countries clustered along the western rim of the Indian Ocean. Occurring during the main growing seasons in poor countries that depend on rain-fed agriculture, these declines are societally dangerous.