NDVI Livestock Pasture-Index Feasibility Study
Ministry of Livestock, Crops and Fisheries of Uruguay (MGAP)
In 2011 The World Bank Group (WBG) launched a feasibility study on developing an Index Insurance pilot in Uruguay, funded by the Government of Japan through the Global Index Insurance Facility (GIIF). The outputs of this technical and financial assistance has allowed the government to start pilot testing an innovative Normalized Difference Vegetation Index (NDVI) index insurance to cover small scale cattle producers meat producers in two regions against damage caused to permanent pasture by drought. The unique quality of this insurance is its ability to prevent extensive damage: quick claims payments allow herders to buy fodder to make up for missing pasture, thereby preventing livestock loss or quality impairment.
The Office of Programming and Policy for Agriculture and Livestock within the Ministry of Livestock, Agriculture and Fisheries of Uruguay, the Insurance Supervisor; the insurance industry; the National Direction of Meteorology (DNM); the Laboratory for Regional Analysis and Remote Sensing, Faculty of Agronomy, University of Buenos Aires National Commission for Rural Development.
World Bank group
Tel: + 1 202 473 6160