What:
SCOR, IRB, ESSOR, and AgroBrasil partner with Airbus Defense and Space to bring “Pastagem Protegida – Índice” (Secured Pasture – Index), a satellite-based pasture insurance tool, to all Brazilian livestock farmers and protect them from production losses caused by climate events.
Why:
In 2020, Brazil was struck by droughts affecting large areas of agricultural land, including pasture used to feed livestock. The consequences were severe for the Brazilian agricultural industry and revealed that livestock farmers had no insurance solutions covering production losses due to damaged pasture.
How:
- Pastagem Protegida – Índice is based on the Airbus Grassland Production Index (GPI).
- The tool combines remote-sensing technology with weather data to regularly monitor production areas and provide an objective estimate of production losses caused by climate events such as drought.
- Based on this data, AgroBrasil can offer appropriate compensation to farmers with production losses to buy forage to feed their livestock.
- The coverage also enables farmers to increase their production per hectare while using no additional land for grazing.
- Accessible via an online platform provided by AGRITASK, Pastagem Protegida – Índice is suitable for all farms.