Tag: Daniel Stevens
Agricultural insurance – mitigating climate change impact on seasonal crop production
The agriculture sector is vital for economic growth. It contributes 3% to GDP, supports 941,000 jobs, and generated US$13.2 billion in export revenue in 2023 – South Africa produces 10% of the global citrus production. But climate-induced changing weather patterns threaten the outlook for certain crop yields in 2024.
Agriculture insurance has a role in stemming tide of food insecurity
The 2023 Agricultural Insurance Pulse Report indicates global hunger and food insecurity is on the rise with the number of undernourished people estimated to have increased up to 828 million in 2021. Africa, unfortunately, makes up a large percentage with 57.9% of the population exposed to moderate or severe food insecurity.
Crop insurance – maintaining sustainable food production
Risks such as heavy rain, flooding, hail, frost, drought and fire are by no means new to the South African agricultural sector, but due to the effects of climate change, they are increasing in frequency and severity. These risks are also becoming more unpredictable amid changing weather patterns, which complicates risk management efforts for farmers.
