Crop insurance- an idea worth seeding?
In 1984, Kenya had to live through the year of the Goro Goro and the worst drought in living memory. A Goro Goro is a jug used to measure two kilograms of maize flour at the local market and that year the entire maize harvest could fit into a single jug.
A successful crop is dependent on good rainfall but the rain also needs to fall at the right time – but what if farmers could buy insurance against inadequate rainfall? Micro-insurance could be one solution to help the agricultural sector fight future drought and famine…
Listen to the TED talk with micro-insurer Rose Goslinga.