Preparing for a growing number of floods and droughts is clearly a first priority. Planting the right crops and managing them with new digital tools for precision farming are further essential measures for farmers to implement.

To establish climate-resilient operations, farmers in Central America and the Caribbean need access to new tools, seeds and other input materials. And this requires support from governments, multilateral donor organisations, NGOs and the private sector.

Governments will not be able to shoulder the financial burden of adopting new resilient practices without additional support, however. Investors must be attracted, and this is where the insurance industry can play a key role. Insurers pay out in the event of a lost harvest, for example, and thus assure lenders that their clients will remain solvent even if disaster strikes. This makes it easier for investors to finance the sector.

Preparing for a growing number of floods and droughts is clearly a first priority. Planting the right crops and managing them with new digital tools for precision farming are further essential measures for farmers to implement.

To establish climate-resilient operations, farmers in Central America and the Caribbean need access to new tools, seeds and other input materials. And this requires support from governments, multilateral donor organisations, NGOs and the private sector.

Governments will not be able to shoulder the financial burden of adopting new resilient practices without additional support, however. Investors must be attracted, and this is where the insurance industry can play a key role. Insurers pay out in the event of a lost harvest, for example, and thus assure lenders that their clients will remain solvent even if disaster strikes. This makes it easier for investors to finance the sector.

A resilient farming sector will help to diversify economies and make them more resilient against external shocks. It will also provide employment for many. This is especially important in countries with growing populations.

Insurers, governments, NGOs, international organisations and other players in the sector have the risk management expertise to educate farmers on how to manage their operations in the future. We can all grow in this together – agriculture, insurance, finance and suppliers – making society as a whole more resilient not only with regard to food security but also in economic terms.

Call us to discuss how we can collaborate to make the key economic pillar of farming in the Caribbean and Central America resilient for generations to come.

… to Honduras, Guatemala or El Salvador in 2014, nor was there any rain until March 2016.1 It was the worst drought in decades, stretching out over two consecutive years and leaving parched fields and empty reservoirs. Day labourers, subsistence farmers and the poorer population in general were hit particularly hard as food prices soared. Almost one in ten people were dependent on aid.

The drought was hardly over in 2016 when Hurricane Otto travelled straight across Central America from the Atlantic to the Pacific.2 This was remarkable as no hurricane had managed to cross Central America from one ocean to the next since Hurricane Cesar-Douglas3 in 1996. Hurricane Otto left a trail of destruction as it made its way along the border of Nicaragua and Costa Rica, claiming many lives, triggering mudslides and floods and causing havoc to the infrastructure in both countries. In Panama, the hurricane brought devastation to the agricultural and livestock industry.

Preparing for a growing number of floods and droughts is clearly a first priority. Planting the right crops and managing them with new digital tools for precision farming are further essential measures for farmers to implement.

To establish climate-resilient operations, farmers in Central America and the Caribbean need access to new tools, seeds and other input materials. And this requires support from governments, multilateral donor organisations, NGOs and the private sector.

Governments will not be able to shoulder the financial burden of adopting new resilient practices without additional support, however. Investors must be attracted, and this is where the insurance industry can play a key role. Insurers pay out in the event of a lost harvest, for example, and thus assure lenders that their clients will remain solvent even if disaster strikes. This makes it easier for investors to finance the sector.

A resilient farming sector will help to diversify economies and make them more resilient against external shocks. It will also provide employment for many. This is especially important in countries with growing populations.

Insurers, governments, NGOs, international organisations and other players in the sector have the risk management expertise to educate farmers on how to manage their operations in the future. We can all grow in this together – agriculture, insurance, finance and suppliers – making society as a whole more resilient not only with regard to food security but also in economic terms.

Call us to discuss how we can collaborate to make the key economic pillar of farming in the Caribbean and Central America resilient for generations to come.

Preparing for a growing number of floods and droughts is clearly a first priority. Planting the right crops and managing them with new digital tools for precision farming are further essential measures for farmers to implement.

To establish climate-resilient operations, farmers in Central America and the Caribbean need access to new tools, seeds and other input materials. And this requires support from governments, multilateral donor organisations, NGOs and the private sector.

Governments will not be able to shoulder the financial burden of adopting new resilient practices without additional support, however. Investors must be attracted, and this is where the insurance industry can play a key role. Insurers pay out in the event of a lost harvest, for example, and thus assure lenders that their clients will remain solvent even if disaster strikes. This makes it easier for investors to finance the sector.

A resilient farming sector will help to diversify economies and make them more resilient against external shocks. It will also provide employment for many. This is especially important in countries with growing populations.

Insurers, governments, NGOs, international organisations and other players in the sector have the risk management expertise to educate farmers on how to manage their operations in the future. We can all grow in this together – agriculture, insurance, finance and suppliers – making society as a whole more resilient not only with regard to food security but also in economic terms.

Call us to discuss how we can collaborate to make the key economic pillar of farming in the Caribbean and Central America resilient for generations to come.

Preparing for a growing number of floods and droughts is clearly a first priority. Planting the right crops and managing them with new digital tools for precision farming are further essential measures for farmers to implement.

To establish climate-resilient operations, farmers in Central America and the Caribbean need access to new tools, seeds and other input materials. And this requires support from governments, multilateral donor organisations, NGOs and the private sector.

Governments will not be able to shoulder the financial burden of adopting new resilient practices without additional support, however. Investors must be attracted, and this is where the insurance industry can play a key role. Insurers pay out in the event of a lost harvest, for example, and thus assure lenders that their clients will remain solvent even if disaster strikes. This makes it easier for investors to finance the sector.

Preparing for a growing number of floods and droughts is clearly a first priority. Planting the right crops and managing them with new digital tools for precision farming are further essential measures for farmers to implement.

To establish climate-resilient operations, farmers in Central America and the Caribbean need access to new tools, seeds and other input materials. And this requires support from governments, multilateral donor organisations, NGOs and the private sector.