16 Sep 2024
Mercy Corps Ventures Insights on Tackling Water Scarcity in Mexico

Daniel Block, Partner at Mercy Corps Ventures will lead a panel discussion on tackling water scarcity with smart irrigation solutions and drought-resilient crops at the first ever World Agri-Tech Innovation Summit in Mexico City on Tuesday October 29. In this article, Daniel reveals the biggest challenge facing agriculture in the country: Water Scarcity. The drought plaguing Mexico this year has affected most of the country: from nearly exhausting potable water for Mexico City’s 20 million to over 100 wildfire breakouts burning more than 5 million hectares, to loss of agriculture output in key crops such as maize, wheat, and coffee. It is not the first but by some counts the most severe Mexican drought in recent memory. According to Conagua, over half the country was experiencing drought in June and 76% of the territory is facing the effects of water shortage. At Mercy Corps Ventures (MCV), we invest in and pilot climate adaptation and resilience technologies for the underserved mass market in Latin America and Africa, with a portfolio of more than 50 companies. The issue of water scarcity and drought is one that we know intimately. Our portfolio includes solutions like:
- Stable Foods: makes irrigation accessible via a networked pay-as-you-go system for smallholder farmers in Kenya
- Satellites on Fire: monitors 35 million hectares of land in Latin America to provide real-time wildfire alerts to over 26,000 users in 15 countries
- Seabex: offers sensorless irrigation advisory to optimize water usage in agriculture
- Ignitia: provides hyperlocal weather forecasting with actionable recommendations for farmers in tropical regions of Africa and Latin America
- Floodbase: whose risk mapping aids response to extreme flooding events which are often present after droughts end. (Kenya had the worst drought in 40 years and this gave way to severe flooding this year).