Author: James A. RoumassetPublisher:
ISBN:
Category : Agriculture
Languages : en
Pages : 22
Book Description
The Case Against Crop Insurance in Developing Countries
Author: James A. RoumassetPublisher:
ISBN:
Category : Agriculture
Languages : en
Pages : 22
Book Description
"The Case Against Crop Insurance in Developing Countries" and a Critique
Author: Is there a market for multi-peril crop insurance in developing countries moving beyond subsidies? Evidence from India
Author: Ghosh, Ranjan KumarPublisher: Intl Food Policy Res Inst
ISBN:
Category : Political Science
Languages : en
Pages : 43
Book Description
Researchers and policymakers have long understood the benefits of crop insurance but have been consistently disappointed by the poor performance of these programs. Rarely have programs seen sizeable take-up rates without support through large government subsidies, and in many countries, demand has been meager even at prices well below fair-market rates. Experiences from India have largely followed this trend, despite a number of large policy initiatives. Limited demand stems from low perceived value, arguably because the existing insurance products are unsuited to farmers’ needs. The present study fills an important gap in rural development by improving upon existing insurance policy design by incorporating product characteristics better suited to farmers’ preferences. To do so, we conducted a discrete choice experiment with agricultural households in four states in India. While farmers seem to like several of the features of policies offered under existing programs, our results suggest they would generally be willing to pay more than the highly subsidized rate they currently pay and are also clearly dissatisfied with delayed and uncertain indemnity payments and would be willing to pay a significant premium for more assured and timely payment delivery.
Insurance of Crops in Developing Countries
Author: Richard A. J. RobertsPublisher: Food & Agriculture Org.
ISBN: 9789251052990
Category : Business & Economics
Languages : en
Pages : 100
Book Description
This publication is primarily concerned with risks to arable and horticultural crops, and the applicability of insurance to managing these risks. Its purpose is to provide an introductory overview of crop and forestry insurance. It begins by defining the boundaries for these types of insurance products in order to assist those interested in exploring and exploiting this financial mechanism. It then outlines how to proceed with planning for crop insurance within the established boundaries. While recognizing that classic, damage-based and yield-based insurance products account for the bulk of all crop insurance written globally, the booklet also points out the dynamism of research and development into new insurance mechanisms. It presents two fairly new insurance products: the first based on insuring a level of crop revenue, and the second where insurable damage is determined on the basis of an index derived from data external to the insured farm. While some of the example material is taken from agriculture and forestry in developed countries, the basic target group of readers is expected to be those concerned with crop and forest risk management in developing parts of the world. This publication will be of interest to farmer unions, producer/commodity groups, processors, marketing firms and others contracting with farmer producers, officials of Ministries of Agriculture, Planning and Commerce, and bankers and insurers with farming and forestry clients.
Government Support to Agricultural Insurance
Author: Olivier MahulPublisher: World Bank Publications
ISBN: 0821382195
Category : Business & Economics
Languages : en
Pages : 250
Book Description
Governments in developing countries have been increasingly involved in the support of agricultural (crop and livestock) insurance programs in recent years. In their attempts to design and implement agricultural insurance, they have sought technical and financial assistance from the international community and particularly from the World Bank. One of the recurrent requests from governments regards international experience with agricultural insurance, not only in developed countries, where in some cases agricultural insurance has been offered for more than a century, but also in middleand low-income countries. Governments are particularly interested in the technical, operational, financial, and institutional aspects of public support to agricultural insurance. 'Government Support to Agricultural Insurance' informs public and private decision makers involved in agricultural insurance about recent developments, with a particular focus on middle- and low-income countries. It presents an updated picture of the spectrum of institutional frameworks and experiences with agricultural insurance, ranging from countries in which the public sector provides no support to those in which governments heavily subsidize agricultural insurance. This analysis is based on a survey conducted by the World Bank s agricultural insurance team in 2008 in 65 developed and developing countries. Drawing on the survey results, the book identifies some key roles governments can play to support the development of sustainable, affordable, and cost-effective agricultural insurance programs.
Livestock and Aquaculture Insurance in Developing Countries
Author: Richard A. J. RobertsPublisher: Food & Agriculture Org.
ISBN: 9789251056752
Category : Business & Economics
Languages : en
Pages : 140
Book Description
A brief introduction to the role of insurance as a risk management mechanism in livestock and aquaculture enterprises, exploring some of the complexities involved in the financial mechanism for risk sharing.
A Practical Guide to Multi-risk Crop Insurance for Developing Countries
Author: P. K. RayPublisher:
ISBN:
Category : Crop insurance
Languages : en
Pages : 188
Book Description
This guide for university departments and research institutes explores multi-risk crop insurance for developing countries. It covers the needs and benefits of crop insurance, how to approach it, problems and difficulties, and more.
When implementation goes wrong: Lessons from crop insurance in India
Author: Nirmal, RajalakshmiPublisher: Intl Food Policy Res Inst
ISBN:
Category : Political Science
Languages : en
Pages : 27
Book Description
Based on experiments to bring about comprehensive crop insurance coverage over the last 50 years, the Indian government introduced a new crop insurance program, called Pradhan Mantri Fasal Bima Yojana (PMFBY), in April 2016. Coming after two successive years of drought, the scheme aimed at reducing the burden of smallholders who borrow at high rates of interest but remain at the mercy of the “weather god” to reap optimal returns. Although this new program filled many gaps in the previous crop insurance interventions, it still could not attract smallholder and marginal farmers to fully subscribe to it. It also faced its own set of challenges. It earned farmers’ wrath because of lack of transparency in crop loss assessments and delayed settlement of claims. The government of India had to make the program voluntary under pressure from farmers’ associations, although it was designed as mandatory for famers seeking institutional credit. This paper’s focus is identifying the reasons for failure of PMFBY in most of the states despite its improved features, and comparing these states with a state where it has been relatively successful. It does this through evidence collected from a field study in Marathwada—a drought-prone region in western India, with the nation’s highest rate of farmer suicides. It takes learnings from stakeholder interviews in Marathwada to design implementation strategies for PMFBY’s success and win back the confidence of farmers. The state of Karnataka, in contrast to Marathwada, is an outlier among states in India, with a record of successful implementation of the PMFBY program. This paper studies PMFBY program implementation in Karnataka through a positive deviance case study approach. Though Karnataka hasn’t yet seen full success in terms of penetration achieved in crop insurance, its model can help develop best practices for implementation of PMFBY. The paper argues that getting buy-in from all stakeholders, adopting remote sensing technologies, strengthening infrastructure and institutional capacity, conducting outcome evaluation, and putting in place a monitoring system could be effective mechanisms to mainstream the program among smallholder farmers.
CROP INSURANCE FOR DEVELOPING COUNTRIES : STUDY BY THE UNCTAD SECRETARIAT.
Author: A Manual on Crop Insurance for Developing Countries
Author: P. K. RayPublisher:
ISBN:
Category : Crop insurance
Languages : en
Pages : 110
Book Description