Climate Corporation: From Open Data to Risk and Farm Management Products for Farmers

From Open Data to Risk and Farm Management Products for Farmers

March 2014

Our Mission

2014 The Climate Corporation. All Rights Reserved.

The Climate Corporation’s mission is to help all the world’s people and businesses adapt to climate change. We aim to help farmers around the world protect and improve their farming operations & profitability.

Our Objective is to Help Farmers Protect their Revenue and Increase their Profitability


Insure risks the farmer cannot control

Provide weather-based insights

Minimize risk of revenue shocks

Improve farming profitability

Financial stability creates investment


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Optimize decisions the farmer can control





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Total Weather Insurance (TWI)


●  Customized: TWI coverage is tuned to your crop, location, soil type and local weather risks.

●  Field Level: TWI uses up to three weather stations near your field, not just one weather station that may be on the other side of the county.

●  Adaptive: TWI protects your crop when it matters, whether it is a hot, cool, wet, or dry season.

●  No Hassles: TWI policies have no claims process, no paperwork and no waiting for payment. If bad weather happens, you are paid automatically at the end of the policy period.

TWI is an index-based weather insurance product that is built using agronomy-based statistical models and hyper-local weather observations.

High-Resolution Weather Data is Key to Reducing Meteorological Basis Risk


Weather events can be highly localized and affect nearby regions very differently Recording weather conditions at a hyper-local scale matters to reduce meteorological basis risk Meteorological Basis Risk Any difference btw the weather experienced at a field compared to the weather used to compute weather losses for insurance or to provide recommendations for ag management decisions

Example: precipita.on on Feb 10, 2014, in Southern IN

Example: gridded temperature data tracked in 4 x 4 km resolu.on during May 2012 in Northern IA

Weather Impact on Crop is determined based on Field-Specific Conditions


Hyper local weather conditions are tracked for each field

Field specific soil moisture conditions are determined

Field specific growing progress is assessed

Weather Impact on Crop is determined based on Field-Specific Conditions for every Field


and for every field in the Unites States.

Weather losses are determined based on field-specific conditions uniquely tracked for all fields belonging to a farm operation

Open and Easily Accessible Data is Key


For our product offerings we are accessing and joining geographical and environmental data, agricultural produc.on data, and weather data at any loca.on in the US.

Current Pain Points with Open Data

(1) Finding and understanding data •  data descrip.on (metadata) •  documenta.on around collec.on method and process •  data cleaning process used (if applicable)




(2) Accessing data – lack of a unified interface •  sites designed for human querying are problema.c •  data format inconsistent across websites •  tapes vs database vs APIs




(2) Accessing data – lack of a unified interface •  sites designed for human querying are problema.c •  data format inconsistent across websites •  tapes vs database vs APIs

(3) Relying on data for products •  lack of consistency in repor.ng

–  file formats change without no.ce –  government shutdown


Sorry, we are temporarily not

able to access any public data

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Open Data Initiative – Next Steps For the private sector to build a business model that uses public data as a key input, data providers should …

(A) Open Data -‐ make exis.ng data available to public -‐ start collec.ng more data

(B) Document data – review data standards, technologies and best prac.ce for data sharing and documenta.on (C) Data maintenance -‐ consistently collect, update and report data under the same format (D) Iterate and Improve -‐ engage with end users


Thank you.

Climate Corporation: From Open Data to Risk and Farm Management Products for Farmers

Data & Analytics

Transcript of Climate Corporation: From Open Data to Risk and Farm Management Products for Farmers