Tag: basis risk

25,000 Insured Ethiopian Farmers Receive Payments for El Niño Droughts

By Daniel Osgood More than 25,000 insured farming families in Ethiopia have received payments for crop loss and damages after a year of devastating drought caused in large part by the 2015 El Niño. The farmers purchased the insurance through the R4 Rural Resilience Initiative [latest report], run by the World Food Program and Oxfam America. […]