The Grassland Production Index (GPI) is a service allowing insurers to cover cattle breeders against shortages in forage yield. It features a reliable and continuous estimation of grass growth over the entire territory of France.
Month after month, the indicator is compared to the historical average, the maximum and minimum record years in grassland production, at a local (yet not individual) scale.
When the index drops below an agreed threshold, the insurers compensate all insured breeders in the impacted local province, (within the conditions defined in their respective contracts), without any paperwork or on-site expert inspection.
GPI is currently the unique index validated by the French government and French Agricultural Insurance Scheme, after a complete, detailed ground-based validation campaign (grass cut and weight). It has also been approved by the breeders unions and today, remains the sole index that is subsidised by the European Union.
Each year in November, we submit the Index to a committee of independent experts* under the Ministry of Agriculture and the Ministry of Budget, in order to validate its use for
*Experts: CNES, Météo France, INRA, IDELE, ISFA Lyon
Continuous grass growth monitoring every 10 days
Avoid moral hazards while remaining consistent with local events
Comparison to a thorough, consistent historical reference
Comprehensive wide-area coverage
The forage shortages estimated is 100% based on objective data and satellite imagery.
The processing of the estimation is the same everywhere and for everyone.
No ground expertise required, the financial compensation is accelerated and the administration effort reduced.
"There was no way to insure cattle growers against fodder shortage with traditional insurance, as classic on-site inspections cannot be applied on
Bruno Lepoivre,
Deputy Director of the Agriculture and Prevention Market,
Crédit Agricole
Pacifica decided to provide a transparent, robust insurance contract to cover farms against variations in grass production caused by climatic events. The Group came to Airbus to develop an index-based insurance policy, based on an unbiased index estimating losses.
Constellation Brochure
