The Climate Corporation

Named Peril

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Named Peril Drought for Grassland is designed to protect farmers and ranchers from financial losses that may result from drought on rangeland, pastureland or hayland.

Adaptive Coverage
Named Peril for Grassland features pays policyholders based on the severity of drought during the coverage period as measured by low field-level soil moisture values.

  • Coverage flexibility: Named Peril Drought for Grassland can be bought in rolling purchase windows, with only requirement that coverage must be bought by the 10th of the month before coverage will start. The buyer chooses length of coverage, between 30 and 180 days (limited availability to cover months where precipitation typically falls as snow).
  • Soil Moisture Tracker: Soil Moisture Tracker provides daily field-level assessments of yield-impacting excess moisture or drought conditions. An initial soil moisture value is set at the beginning of the growing season. Soil Moisture TrackerSM then calculates daily changes to the plant-available soil moisture based on the amount of water entering the soil through precipitation and the amount of water leaving the soil through evapotranspiration.

Precision Weather Measurement
Named Peril Drought for Grassland utilizes 2.5 x 2.5 mile grids for precipitation and temperature measurement to accurately capture the weather conditions on a grower’s farm:

  • Precision Rainfall Grids: Named Peril Drought for Grassland tracks precipitation nationwide using Precision Rainfall Grids powered by radar-based National Weather Service data. By using the 2.5 x 2.5 mile grid that includes the grower’s coverage location, Precision Rainfall Grids provide a more accurate precipitation measurement for the grower’s location than is available with traditional land-based weather stations.
  • Precision Temperature Grids: Named Peril Drought for Grassland tracks temperature values based on 2.5 x 2.5 mile Precision Temperature Grids. Each Precision Temperature Grid utilizes data from up to 3 nearby, on-the-ground weather stations — adjusted for grid-specific geographic characteristics such as elevation or proximity to bodies of water — to calculate daily temperature conditions. Precision Temperature Grids are designed to provide more precise temperature values for a grower’s location than is possible with point-based temperature reporting.

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