The Climate Corporation aims to assist farmers in adapting to climate change by providing weather-based insights and minimizing revenue risks through customized, field-level weather insurance products. Their Total Weather Insurance (TWI) uses hyper-local weather data to ensure farmers are compensated automatically without the hassles of claims processes. The company highlights challenges related to accessing and understanding open data, advocating for improved data sharing and maintenance practices to support agricultural management and products.

1. From Open Data
to Risk and Farm Management
Products for Farmers
March 2014

2. Our Mission
2014 The Climate Corporation. All Rights Reserved.
The Climate Corporation’s mission is to
help all the world’s people and businesses
adapt to climate change.
We aim to help farmers around the world
protect and improve their farming
operations & profitability.

3. Our Objective is to Help Farmers Protect their
Revenue and Increase their Profitability
2014 The Climate Corporation. All Rights Reserved.
Insure risks the farmer
cannot control
Provide weather-based
insights
Minimize risk of revenue
shocks
Improve farming
profitability
Financial stability creates
investment
Our Objective is to Help Farmers Protect their
Revenue and Increase their Profitability
!
!
2014 The Climate Corporation. All Rights Reserved.
Insure risks the farmer
cannot control
Optimize decisions the
farmer can control
Minimize risk of revenue
shocks
Improve farming
profitability
Financial stability creates
investment
Revenue and Increase their Profitability
!
!
2014 The Climate Corporation. All Rights Reserved.
Insure risks the farmer
cannot control
Optimize decisions the
farmer can control
Minimize risk of revenue
shocks
Improve farming
profitability
Financial stability creates
investment
Optimize decisions the
farmer can control

4. Total Weather Insurance (TWI)
2014 The Climate Corporation. All Rights Reserved.
● Customized: TWI coverage is tuned to
your crop, location, soil type and local
weather risks.
● Field Level: TWI uses up to three weather
stations near your field, not just one
weather station that may be on the other
side of the county.
● Adaptive: TWI protects your crop when it
matters, whether it is a hot, cool, wet, or
dry season.
● No Hassles: TWI policies have no claims
process, no paperwork and no waiting for
payment. If bad weather happens, you
are paid automatically at the end of the
policy period.
TWI is an index-based weather insurance product that is built using
agronomy-based statistical models and hyper-local weather
observations.

5. High-Resolution Weather Data is Key to Reducing
Meteorological Basis Risk
2014 The Climate Corporation. All Rights Reserved.
Weather events can be highly
localized and affect nearby
regions very differently
Recording weather conditions at a
hyper-local scale matters to
reduce meteorological basis risk
Meteorological Basis Risk
Any difference btw the weather
experienced at a field compared
to the weather used to compute
weather losses for insurance or to
provide recommendations for ag
management decisions
Example:
precipita.on
on
Feb
10,
2014,
in
Southern
IN
Example:
gridded
temperature
data
tracked
in
4
x
4
km
resolu.on
during
May
2012
in
Northern
IA

6. Weather Impact on Crop is determined based on Field-
Specific Conditions
2014 The Climate Corporation. All Rights Reserved.
Hyper local weather conditions
are tracked for each field
Field specific soil moisture
conditions are determined
Field specific growing progress
is assessed

7. Weather Impact on Crop is determined based on Field-
Specific Conditions for every Field
2014 The Climate Corporation. All Rights Reserved.
and for every field
in the Unites
States.
Weather losses are determined based on
field-specific conditions
uniquely tracked for all fields
belonging to a farm operation

8. Open and Easily Accessible Data is Key
2014 The Climate Corporation. All Rights Reserved.
For
our
product
offerings
we
are
accessing
and
joining
geographical
and
environmental
data,
agricultural
produc.on
data,
and
weather
data
at
any
loca.on
in
the
US.

9. Current Pain Points with Open Data
(1)
Finding
and
understanding
data
• data
descrip.on
(metadata)
• documenta.on
around
collec.on
method
and
process
• data
cleaning
process
used
(if
applicable)
2014 The Climate Corporation. All Rights Reserved.

10. Current Pain Points with Open Data
(1)
Finding
and
understanding
data
• data
descrip.on
(metadata)
• documenta.on
around
collec.on
method
and
process
• data
cleaning
process
used
(if
applicable)
(2)
Accessing
data
–
lack
of
a
unified
interface
• sites
designed
for
human
querying
are
problema.c
• data
format
inconsistent
across
websites
• tapes
vs
database
vs
APIs
2014 The Climate Corporation. All Rights Reserved.

11. Current Pain Points with Open Data
(1)
Finding
and
understanding
data
• data
descrip.on
(metadata)
• documenta.on
around
collec.on
method
and
process
• data
cleaning
process
used
(if
applicable)
(2)
Accessing
data
–
lack
of
a
unified
interface
• sites
designed
for
human
querying
are
problema.c
• data
format
inconsistent
across
websites
• tapes
vs
database
vs
APIs
(3)
Relying
on
data
for
products
• lack
of
consistency
in
repor.ng
–
file
formats
change
without
no.ce
– government
shutdown
2014 The Climate Corporation. All Rights Reserved.
Sorry, we are
temporarily not
able to access
any public data
…

12. Open Data Initiative – Next Steps
For
the
private
sector
to
build
a
business
model
that
uses
public
data
as
a
key
input,
data
providers
should
…
(A)
Open
Data
-­‐
make
exis.ng
data
available
to
public
-­‐
start
collec.ng
more
data
(B)
Document
data
–
review
data
standards,
technologies
and
best
prac.ce
for
data
sharing
and
documenta.on
(C)
Data
maintenance
-­‐
consistently
collect,
update
and
report
data
under
the
same
format
(D)
Iterate
and
Improve
-­‐
engage
with
end
users
2014 The Climate Corporation. All Rights Reserved.

13. Thank you.