Subsidizing Agricultural Insurance in sub-Saharan Africa
Agriculture policy
African farmers reliant on rainfed agriculture are profoundly vulnerable to the effects of climate change, especially climate shocks like severe drought or flooding. A single season of extreme weather can erase years of assets and cause a backslide into poverty, especially affecting children and girls.
- Agricultural insurance can provide a safety net, but requires subsidization to be accessible and effective. Such subsidies are already the norm for farmers worldwide – yet in rural Africa, where subsidized crop insurance is most needed, it is least available. As a result, 97% of African farmers lack coverage.
- One Acre Fund has the farmer network, track record of impact, and insurance expertise to fill this market gap and provide subsidized crop insurance to smallholders across Africa.