Storm Exchange

Last updated
Storm Exchange, Inc
Type Private
Industry Publisher
Founded2006
Headquarters,
Key people
David Riker; Dennis Reaves; John A. Dutton, PhD; Jordan Rizzuto; Jan Dutton PhD; Jeremy Ross PhD; John Adams; Gail Martell; Bradley Gambling; Richard James PhD
ProductsStormX (stormx.com)

Storm Exchange, Inc. was a weather risk management company which existed from 2006 to 2009. The Company created weather-indexed derivative products and also published financial indexes with a primary focus on agriculture. The Company was headquartered in New York City and operated a weather research center in State College, PA.

Storm Exchange published the StormX website which provided information related to the impact of weather on business decisions, including information tailored to the agriculture, retail and energy communities. The Company’s agriculture website featured daily articles on wheat, corn, and soy by leading Agriculture analyst Gail Martell as well as USDA NASS crop progress and condition charts, yield forecasts and other weather intelligence related to United States crop yield, planting, production and harvest.

Storm Exchange’s StormX news and daily analysis was also published on AgWeb (Farm Journal) website and the Bloomberg L.P. terminal.

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Dust Bowl 1930s period of severe dust storms in North America

The Dust Bowl was a period of severe dust storms that greatly damaged the ecology and agriculture of the American and Canadian prairies during the 1930s; severe drought and a failure to apply dryland farming methods to prevent the aeolian processes caused the phenomenon. The drought came in three waves: 1934, 1936, and 1939–1940, but some regions of the High Plains experienced drought conditions for as many as eight years.

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Soil salinity is the salt content in the soil; the process of increasing the salt content is known as salinization. Salts occur naturally within soils and water. Salination can be caused by natural processes such as mineral weathering or by the gradual withdrawal of an ocean. It can also come about through artificial processes such as irrigation and road salt.

Organic farming Method of agriculture meant to be environmentally friendly

Organic farming is an agricultural system that uses fertilizers of organic origin such as compost manure, green manure, and bone meal and places emphasis on techniques such as crop rotation and companion planting. It originated early in the 20th century in reaction to rapidly changing farming practices. Certified organic agriculture accounts for 70 million hectares globally, with over half of that total in Australia. Organic farming continues to be developed by various organizations today. Biological pest control, mixed cropping and the fostering of insect predators are encouraged. Organic standards are designed to allow the use of naturally-occurring substances while prohibiting or strictly limiting synthetic substances. For instance, naturally-occurring pesticides such as pyrethrin and rotenone are permitted, while synthetic fertilizers and pesticides are generally prohibited. Synthetic substances that are allowed include, for example, copper sulfate, elemental sulfur and Ivermectin. Genetically modified organisms, nanomaterials, human sewage sludge, plant growth regulators, hormones, and antibiotic use in livestock husbandry are prohibited. Organic farming advocates claim advantages in sustainability, openness, self-sufficiency, autonomy and independence, health, food security, and food safety.

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Agriculture in Kenya dominates Kenya's economy. 15–17 percent of Kenya's total land area has sufficient fertility and rainfall to be farmed, and 7–8 percent can be classified as first-class land. In 2006, almost 75 percent of working Kenyans made their living by farming, compared with 80 percent in 1980. About one-half of Kenya's total agricultural output is non-marketed subsistence production.

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Effects of climate change on agriculture Climate changes effects on agriculture

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