Reuters reported on the Risk-Contingent Credit (RCC), an insurance scheme that provides security for a farmer’s loan by paying it down if the harvest is damaged by extreme weather. Senior Research Fellow Liangzhi You, a scientist with tIFPRI, which co-led and designed the RCC project explained, “If the droughts come, it takes much more resources to deal with than building resilience which is economical and cheaper.” Republished in Malaysia News/World Time News.
Real-time insurance for farm credit helps Kenyans weather drought (Reuters)
October 23, 2019