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Agroclimatica is a risk assessment platform built for climate-smart agriculture.
The company caters to financial institutions and farmers alike. Banks, micro finance institutes, etc. can use the tool to quantify risks in their agricultural portfolios, allowing for improved risk management practices and fund allocation. Farmers are able to improve crop yields with the support of agroclimatic information and rotate to farming climate-smart crops. Agroclimatica’s platform currently provides risk ratings related to agricultural production for agricultural credits, investments and insurance, covering more than 70 crops and 600 varieties of crops.
- Roskilde, Denmark
- Countries of operation
- Nicaragua, Denmark, El Salvador, Ecuador, Costa Rica, Guatemala, Honduras, Kenya, Netherlands
- Year Founded
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- Climate Related Hazards
- Temperature variability
- Human and Managed Systems
- Reduced agricultural productivity and food security
- Physical and Biological Systems
- Heat Stress, Water Stress
Markets and Customers Served
Ingemann provides its Agroclimatica risk scoring platform to local financial institutions to support credit underwriting and portfiolio management for agricultural assets.
In addition to risk scorings, Ingemann also offers other analytical tools: climate smart crop identifier, a management module for analyzing and optimizing agricultural portfolios, social performance indicators, harvest predictors, design services for climate smart financial products, agricultural investment analysis and risk quantification, risk scorings for aquaculture and for the use of solar panels, CO2 calculator, and technical assistance.
Climate Vulnerabilities Addressed
Increased supply oscillations due to increasing climate shocks (water scarcity and/or extreme rainfall)
Lower farmers’ income and value chain profitability also due to increasing climate shocks (water scarcity and/or extreme rainfall)
Decreasing farmers’ outputs due to prolonged heat waves
Ingemann offers its agroclimatic risk scorings to local financial institutions as a supplement to standard financial risk analysis of agricultural producers. The revenue model is based on either a pay-per-use basis or a subscription model for the Agroclimatica product and invoices per risk scoring. As Agroclimatica’s risk scorings support financial institutions in diminishing risk and operational costs, as well as increasing their agricultural loan portfolios, the platform can become a core part of financial institutions’ credit underwriting processes and eventually has the potential to become a required tool for the future of green finance and climate smart agriculture.
How Agroclimatica's Products and Services Are Building Climate Resilience
Better and transparent agroclimatic information allows financial institutions to make climate-intelligent risk underwriting decisions, thereby reducing potential adverse impacts on agricultural investment portfolios from climate impacts to agricultural production. For farmers, Agroclimatica’s risk scoring and analytical tools directly recommend climate-resilient agricultural practices, crops, and tools to incorporate in the field, thereby improving productivity and increasing farmer access to financing and agricultural insurance.
Agroclimatica’s platform also enables financial institutions to allocate credits to small-holder farmers who are incentivized to improve their productivity though technification opportunities and recommendations of climate resilient products. Furthermore, Ingemann aims generally to contribute to building awareness and the knowledge of financial institutions and farmers of how to adapt to climate change.
Ultimately, Agroclimatica aims to tackle multiple issues by contributing to the digitalization of agricultural financial processes, while addressing agroclimatic risks facilitating accessibility to funding, lowering operating costs, promoting green growth and climate resilience, increasing food security and financial inclusion.
Relevant Sustainable Development Goals (SDGs)
Opportunities to scale and for technical assistance
Technical assistance such as market feasibility studies and piloting programs represents an essential and much-required support in the market entry phase into new geographies. As every country is characterized by their own cultural, climatic and socioeconomic complexity, it can be challenging and costly to adapt existing products to local needs and to guarantee commercial success. T echnical assistance in defining preliminary phases through market feasibility studies, piloting programs, and support of the deployment of its products and services in new countries, can accelerate the introduction of Agroclimatica’s risk analytics into new geographies.
Potential Impact Metrics
- Amount of loans, credits, insurance coverage deployed to farmers using Agroclimatica – to quantify the increase in access to finance for small-holder farmers
- Financial metrics (e.g., income, opex, etc.) – to monitor the financial benefits of implementing climate smart agricultural practices
- Crop and livestock yield – to measure productivity benefits from implementing climate smart agricultural practices
- Number of farmers receiving financing or financial products (e.g., insurance) issued using Agroclimatica’s risk scoring platform – to quantify the increase in financial inclusion and improved access to agricultural insurance.
- Company stage
Last updated: April 19, 2021