In 2016, there was more than 290 million acres of farmland enrolled in and covered by the federal crop insurance program. Crop insurance is an important tool that allows farmers to manage the many extraordinary risks of farming, including the weather.
ICYMI: Washington Wheat Farmers Oppose Proposed Trump Budget Cuts to Crop Insurance
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With the compensation to farmers often getting delayed, the Pradhan Mantri Fasal Bima Yojana (PMFBY), although a much better conceived crop insurance scheme than its predecessors, isn’t as effective as it could be. The use of mobile-based technology and drones, could, according to agriculture economist, Ashok Gulati, make a big difference to the scheme’s efficiency in terms of smartly assessing the yield of the crop.