WorldCover (YC W16): Peer-To-Peer Funded Crop Insurance in the Developing World(blog.ycombinator.com) |
WorldCover (YC W16): Peer-To-Peer Funded Crop Insurance in the Developing World(blog.ycombinator.com) |
> 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.