WorldCover (YC W16): Peer-To-Peer Funded Crop Insurance in the Developing World
blog.ycombinator.comThis is awesome. One more way the world is getting benefits from being connected.
> there is little to no social safety net to fall back on when the rains don’t come.
My uncle farmed a moderate-sized farm in Indiana. I was surprised to find out he had a million dollars in the bank even though he lived modestly driving around in a beat-up pickup. It turns out he needed that because there were years he lost money and needed the buffer.
Cool anecdote! I'm one of the co-founders. We'd love to do this in the US eventually. The gap is widest in the developing world, and the reliance is greatest on agriculture there for a family's food and income.