Cargill, the leading agricultural commodities firm, will use Climavision’s commodity risk management technology to help with its agricultural operations. High-resolution radar and satellites are used by the company to fill in coverage gaps and substantially increase the accuracy of weather forecasting.
The company’s unique forecasting technique will aid in determining the amount of risk to agriculture across the world. Cargill will be able to better comprehend the impact of weather variations with Climavision’s unique forecasting solution. Large storms, floods, and droughts all can be forecasted using the technique.
“Traditional commodity weather forecasting has long played a critical role for companies like Cargill, but climate change now demands a higher level of forecasting detail and immediacy,” said Climavision Co-Founder and CEO Chris Goode. “Severe weather events are happening more frequently and require a change in approach in how agricultural companies manage risk. Climavision’s ability to provide highly skilled forecasting models on a real-time basis around the world will enable Cargill to better manage risk in an increasingly volatile weather landscape.”
“Climavision’s global modeling capabilities for agriculture were a key factor for Cargill in choosing to partner with them,” said James Weed, vice president, Trading Data & Analytics Lead, Cargill. “Their approach to proprietary data and forecasting will play a critical role for Cargill’s agricultural businesses. We look forward to expanding our partnership with Climavision as they continue pushing the bleeding edge of weather technology.”
With advanced forecasting technologies, the agriculture sector can improve much better. The sector can improve its performance by analyzing the weather and will be able to reduce agricultural risk. Apart from the agriculture sector, Climavision also assists other businesses like logistics, media, transportation, and other sectors by anticipating weather situations and climate disasters.
