An international award for developing a form of livestock insurance has been awarded to a Cornell development economist and his partners in the USAID-funded BASIS Assets and Market Access Innovation Lab. The insurance could help hundreds of thousands of African herders stave off poverty in times of drought. Index based insurance aids pastoralists affected by drought by giving them the resources to buy feed and needed supplies before they acquire losses in both wealth and productive assets.
The United States Agency for International Development’s (USAID) Board for International Food and Agricultural Development (BIFAD) has given its 2016 Award for Scientific Excellence to Chris Barrett, the Stephen B. and Janice G. Ashley Professor of Applied Economics and Management at the Charles H. Dyson School of Applied Economics and Management; Andrew Mude, PhD 2006, principal economist at the International Livestock Research Institute (ILRI); and Michael Carter, professor of agricultural and resource economics at the University of California, Davis (UC Davis). The award was presented 12 Oct 2016 at the 2016 World Food Prize international symposium in Des Moines, Iowa.
We are proud to work with ILRI to increase awareness of the vital role livestock plays in agriculture and its contribution to the Sustainable Development Goals.
Learn more about this award here.