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IFPRI - CSISA - Diversification and Financial Risk Management Services and Products - David Dror


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IFPRI- CSISA organized a one day high level policy roundtable on Sustainable Intensification in India’s Risk-Prone Ecologies: Investment strategies for productivity growth, resource conservation, and climate risk management” on May 19, 2014 in New Delhi.

This roundtable, brings together a high-level small group of individuals from the corporate, government, and research sectors to address one of India’s most urgent challenges to food security and economic growth—how to encourage private sector investment in accelerating productivity growth in India’s risk-prone ecologies while simultaneously conserving the environment.

There are solutions already in farmers’ fields and rural markets that respond to these challenges, and this Roundtable will highlight recent advances, for example: innovative financial products and information services for small-scale farmers; diagnostic tools for managing water and soil nutrient scarcity; custom-hired resource-conserving machinery for small farms; crop diversification and high-value marketing strategies; and stress-resistant wheat and rice varieties. But the search for solutions is far from complete. This Roundtable is meant to engage participants in a rapid-fire discussion of recent technical solutions in Indian agriculture, the prospects for policy change, and corporate outlooks for the next five years. The purpose is to help public and private sector players to identify common investment strategies, forge partnerships, and chalk out collaborative efforts to effect technological, market, and policy improvements in India’s risk prone ecologies.

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IFPRI - CSISA - Diversification and Financial Risk Management Services and Products - David Dror

  1. 1. Intensification of Investment in Climate Risk Management Prof. David M. Dror Chairman and Managing Director Micro Insurance Academy/1
  2. 2. Climate Cost of Cultivation (CCC) 19 September 2013 3 Rainfall Min Temp Rel Humidity Wind Speed Solar Radiation Max Temp Daily Soil Water Balance Modelling Crop Water Requirement Modelling Max Temp - Crop Yield Loss Factor Analysis Irrigation Requirement Drainage Requirement Irrigation Cost (A) Drainage Cost (B) Groundwater (Pumping Pipe Depth) Topography (Waterlogged Areas) Soil Properties Max Temp Yield Loss (C) Climate Cost of Cultivation (A+B+C-D) CO2 Increasing CO2 - Crop Yield Gain Factor Analysis Increasing CO2 Yield Gain (D) Climatic Inputs Bio-Physical Inputs CCC a method to quantify climate change impacts on crops considering both climatic and biophysical parameters.
  3. 3. Climate Cost of Cultivation (CCC) Findings for Maize & Wheat in Vaishali District, Bihar 19 September 2013 4
  4. 4. CCC led Agriculture Risk Profiles for Maize & Wheat in Vaishali District, Bihar 19 September 2013 5 Spatially, agriculture risk profiles for both maize and wheat crop were found similar for both of the considered time periods.
  5. 5. Application of CCC • Indicator for customized crop insurance schemes • Indicator for localized climate change agriculture adaptation management practices 19 September 2013 6
  6. 6. Overcomes Social Challenges
  7. 7. Opportunities for Synergies 9 • MIA has developed the “Climate Cost of Cultivation (CCC)” index for quantifying climate variability impacts on crops. CCC index was developed for Wheat and Maize in Bihar; however it can be adapted for any other cereal crops in any location. • The CCC index is also a tool to classify areas into low/medium/high risk classes. Such classification is instrumental for adapting agri solutions to risk profiles. May 19th 2014 Piloting CCC index in Wheat & Maize in Indo-Gangetic Plains Piloting livestock index insurance • MIA has identified the need to develop a similar index covering all of the required essential parameters for milk yield and livestock. • MIA is keen to team up with partners to develop that index.