Community gathering in Africa

The Washington Post featured Cornell's index-based livestock insurance program, created by Chris Barrett (AEM) with former AEM students 

U.S. Climate Aid Reaches across Globe

December 4, 2012

Community gathering in Africa

The Washington Post featured Cornell's index-based livestock insurance program, created by Chris Barrett (AEM) with former AEM students.

Chris BarrettChris Barrett (AEM)

USAID’s climate programs, which now make up a third of the agency’s budget, vary widely… The agency has funded research for a new program in Kenya and Ethiopia: Herders insure their livestock and are compensated when a certain percentage of local vegetation dries up.

Christopher B. Barrett, an economics and international agriculture professor at Cornell University who helped develop the herders’ insurance, said this financial backup is crucial as higher temperatures take their toll on African livestock. “If the intervals between droughts are shorter, it means you can still rebuild herds and remain viable,” he said. (Read the full article)