Seeds of Change

How a small innovation put crop insurance within reach for poor farmers

Correction Appended October 24, 2012

The Tigray region in the Rockstrewn highlands of northern Ethiopia isn't the type of place where you'd expect to find an innovative financial product. Its residents are mostly farmers, poor and vulnerable to crop failure resulting from persistent droughts. That's precisely why the region has been chosen to serve as a test range for a new kind of insurance that could help poor countries cope with climate change.

The idea is simple. Instead of relying on food aid to help farmers after drought has hit, aid agencies can sign them up for crop insurance before...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!