New Delhi, May 21 -- The impact of climate change on agriculture is becoming increasingly direct and severe, leaving farmers to battle this crisis largely on their own.

It's not just developing countries that are struggling with insurance issues- developed nations are also facing serious challenges.

In Europe, seasonal disasters such as annual droughts, floods and hailstorms are causing significant losses to both crops and livestock. The unfortunate reality is that farmers are left alone to bear around 70 per cent of these losses - meaning they have neither insurance coverage nor compensation.

A joint report by the European Investment Bank (EIB) and the European Commission has warned that if agriculture is to be protected from climate...