By:John Alugodhi
The Namibian Agriculture Sector highly relies on rainfed and supports over 70% of the population who directly depend on it (Livestock and Crops) for their daily livelihood.
However, the sector faces challenges of ever-changing climate patterns in the forms of extreme temperatures, frequent droughts, and floods, hence the need to adopt a risk transformative tool in the form of Agriculture insurance to mitigate climate change risks, enhance resilience, sustainable Agriculture production and food security in the country.
It is against this backdrop that the country is contemplating on its Namibia Agriculture Insurance Scheme (NAIS), which will soon roll out its Agriculture climate change risk insurance solution to the sector.
It is a tool aimed at proactively preserving farmers’ wealth, promoting recovery and rebuilding toward sustainable Agricultural production.
In essence, NASRIA is committed to championing the lead through its Weather Indexed Based Insurance that will provide protection, particularly to the vulnerable segment (communal farmers) of the population which is less resilient and always the most and hardest hit by these extreme weather events.
Conclusively, farmers irrespective of scale are encouraged to invest in Agriculture Insurance as part of risk mitigation strategies to safeguard their farming enterprises.