Agriculture and Climate Change
How will agriculture adapt to a changing climate to keep their production and their businesses thriving? That’s the question the team over at Climate.ai are asking. Here’s Co-Founder and CEO Himanshu Gupta.
Gupta… “We started this company with a mission that how do we create technologies and business models to incentivize private sector to fund adaptation or climate resilience for growers.”
The young company started with a project at Stanford, which lead to funding from the university. The team hopes to use data to understand the long term risks so that farmers and others along the ag value chain can adapt accordingly.
Gupta… “All farmers are entrepreneurs, so if they are making an investment, it's for like 10 years, 20 or 30 years and 40 at timeframe. And in those timeframes, if we were to tell you that there'll be at least six years out of 10 or seven years out of 10 when the chill in California will be insufficient for growing this specific variety of pistachios. That's so you can do the calculation. You can do the math as to what would that mean for input costs, on your side or the production variability. And what does that mean for the ROI on your investments?”
The team works with food companies and other stakeholders to analyze data and build models for future impacts of climate change. Their clients then can share those insights to help their farmer suppliers prepare. This approach enables farmers to decide how they wish to adapt rather than being forced by restrictive laws and regulations. The company also launched a new podcast called “Agriculture Adapts”.