Rose Wambua, a former senior banker at the Cooperative Bank of Kenya, has advised livestock farmers to have farm insurance covers for their cattle.
Wambua said the move ensures farmers who lose their animals due to drought receive compensation to either allow them to restock faster or invest in other productive activities.
“Livestock insurance aims to help protect pastoralists against the full impact of drought -related losses,” she said.
The former banker said livestock insurance is one of the ways to manage weather related agricultural risks and that insurance products represent a promising and exciting market based option for managing climate related risks.
She also asked the government to start building dams in arid and semi-arid lands to reduce the death of animals and perennial food and water shortages in such regions.
“This will ensure the hunger-stricken locals and animals stop relying on rain-fed agriculture and food aid.” She concluded.
By Gastone Valusi
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