Insurance Of Crops In Developing Countries

Author : Richard A. J. Roberts
Publisher : Food & Agriculture Org.
Page : 100 pages
File Size : 44,6 Mb
Release : 2005
Category : Business & Economics
ISBN : 9251052999

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Insurance of Crops in Developing Countries by Richard A. J. Roberts Pdf

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.

Author : Richard A. J. Roberts
Publisher : Food & Agriculture Org.
Page : 140 pages
File Size : 43,9 Mb
Release : 2007
Category : Business & Economics
ISBN : 9251056757

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Livestock and Aquaculture Insurance in Developing Countries by Richard A. J. Roberts Pdf

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.

Author : Olivier Mahul,Charles J. Stutley
Publisher : World Bank Publications
Page : 246 pages
File Size : 40,9 Mb
Release : 2010-03-08
Category : Business & Economics
ISBN : 0821382195

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Government Support to Agricultural Insurance by Olivier Mahul,Charles J. Stutley Pdf

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.

Author : Ghosh, Ranjan Kumar,Gupta, Shweta,Singh, Vartika,Ward, Patrick S.
Publisher : Intl Food Policy Res Inst
Page : 43 pages
File Size : 45,7 Mb
Release : 2019-03-29
Category : Political Science
ISBN : 8210379456XXX

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Is there a market for multi-peril crop insurance in developing countries moving beyond subsidies? Evidence from India by Ghosh, Ranjan Kumar,Gupta, Shweta,Singh, Vartika,Ward, Patrick S. Pdf

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.

Author : P. K. Ray
Publisher : Unknown
Page : 188 pages
File Size : 45,6 Mb
Release : 1998
Category : Crop insurance
ISBN : CORNELL:31924081057535

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A Practical Guide to Multi-risk Crop Insurance for Developing Countries by P. K. Ray Pdf

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.

Author : P. K. Ray
Publisher : Elsevier
Page : 448 pages
File Size : 40,8 Mb
Release : 2013-10-22
Category : Business & Economics
ISBN : 9781483285764

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Agricultural Insurance by P. K. Ray Pdf

This book, which deals comprehensively with agricultural insurance, is the second edition of a book that was published in 1967. The book first deals with the nature of agricultural risks and their insurability. The second part describes the principles and practices of the main types of insurance currently applied to agriculture in different countries. The third and last part is a critical examination of the applicability of the techniques of crop and livestock insurance so far evolved in developed countries to developing countries, and also the possibilities of international reinsurance of national crop insurance systems.

Author : P. K. Ray
Publisher : Elsevier
Page : 344 pages
File Size : 40,8 Mb
Release : 2013-10-22
Category : Business & Economics
ISBN : 9781483190570

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Agricultural Insurance by P. K. Ray Pdf

Agricultural Insurance: Principles and Organization and Application to Developing Countries states that agriculture is subject to special elements of uncertainty. The risk inherent in agriculture has been exhaustively discussed in the text. Risks in agriculture can be characterized as property risk and personal risk. Natural risk such as storms, plant diseases, and insect pests is another topic covered in the book. A type of risk that is identified as drought, inundation, frost and freeze, hail, and tornado is called meteorological risk. The book also discusses another form of risk, which is named social risk. Occurrence such as fire, theft or burglary, embezzlement, and technological change belongs to this type of risk. A chapter of the book is devoted to the ways on how to remedy the risks enumerated. Another section of the book defines the term insurance. This section introduces such topic as probability, uncertainty, and the law of large numbers. The book notes that in order for agricultural risk to be insurable, it must satisfy some parameters. The text will provide valuable insight for farmers, financial planners, statisticians, students, and researchers in the field of risk management.

Author : Darrell L. Hueth,William H. Furtan
Publisher : Springer Science & Business Media
Page : 385 pages
File Size : 40,5 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9789401113861

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Economics of Agricultural Crop Insurance: Theory and Evidence by Darrell L. Hueth,William H. Furtan Pdf

Government subsidized crop insurance has been used by a number of developed countries as a mechanism to reduce farm income instability by reducing yield risks. This book provides an in-depth analysis and evaluation of government provided crop insurance in developed countries. The book is organized into three sections: Part one presents background material on crop insurance programs in the U.S., Canada and selected other countries. Part two provides some analytical models of multiple peril crop insurance which suggest the possibility of modification of design which could improve performance and which explores theoretical linkages between crop insurance decisions and other producer decisions previously not analyzed. The main part of the book is Part three, where the results of a series of empirical studies using databases particularly designed to answer crop insurance questions are presented. This part of the book tests a number of the hypotheses which were raised in Parts one and two regarding reasons for the view widely held by economists that crop insurance has not functioned well.

Author : Ranjan Kumar Ghosh,Shweta Gupta,Vartika Singh,Patrick Ward
Publisher : Unknown
Page : 128 pages
File Size : 42,9 Mb
Release : 2019
Category : Electronic
ISBN : OCLC:1176172591

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Is There a Market for Multi-peril Crop Insurance in Developing Countries Moving Beyond Subsidies? by Ranjan Kumar Ghosh,Shweta Gupta,Vartika Singh,Patrick Ward Pdf

Author : Ruth Vargas Hill,Maximo Torero
Publisher : Intl Food Policy Res Inst
Page : 40 pages
File Size : 47,7 Mb
Release : 2010-01-22
Category : Social Science
ISBN : 8210379456XXX

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Innovations in Insuring the Poor by Ruth Vargas Hill,Maximo Torero Pdf

Risk and poverty are inextricably linked. Susceptibility to risk is a defining feature of what it means to be poor. Poor people often live in environments characterized by high weather and disease risk, and it is poor households that have the fewest tools to deal with drought, floods, and disease when they occur. Breaking the link between risk and poverty by insuring poor people both lessens the affliction of poverty and allows poor people to participate in income growth. This set of briefs considers how to increase the tools available to poor households to manage agricultural and health risks. The focus is how to develop insurance markets, along with other financial instruments such as credit, savings, and social protection policies. The series does not document the proven impact of insurance markets for the welfare of poor people; rather, it brings together briefs written by businesspeople, policymakers, and researchers that document innovations, lessons learned, and areas of future work and action.

Author : P. B. R. Hazell,Carlos Pomareda,Alberto Valdés
Publisher : IICA Biblioteca Venezuela
Page : 368 pages
File Size : 49,8 Mb
Release : 1986
Category : Agricultural credit
ISBN : 080182673X

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Crop Insurance for Agricultural Development by P. B. R. Hazell,Carlos Pomareda,Alberto Valdés Pdf

Compilation, conference papers, research reports on crop insurance for agricultural development in developed countries and developing countries - considers farmers' and banks' demand as well as state aid for agricultural insurance; discusses practical experiences in Brazil, Japan and the USA. Bibliography, graphs, statistical tables.

Author : Richard A. J. Roberts,W. M. Gudger,D. Gilboa
Publisher : Food & Agriculture Org.
Page : 62 pages
File Size : 48,5 Mb
Release : 1989
Category : Business & Economics
ISBN : 9251028214

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Crop Insurance by Richard A. J. Roberts,W. M. Gudger,D. Gilboa Pdf

Author : United Nations Conference On Trade And Development Staff
Publisher : Unknown
Page : 26 pages
File Size : 51,8 Mb
Release : 1981-08
Category : Electronic
ISBN : 0119068656

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Crop Insurance for Developing Countries by United Nations Conference On Trade And Development Staff Pdf

Author : Nirmal, Rajalakshmi,Babu, Suresh Chandra
Publisher : Intl Food Policy Res Inst
Page : 27 pages
File Size : 50,9 Mb
Release : 2021-04-06
Category : Political Science
ISBN : 8210379456XXX

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When implementation goes wrong: Lessons from crop insurance in India by Nirmal, Rajalakshmi,Babu, Suresh Chandra Pdf

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.

Author : P. K. Ray
Publisher : Unknown
Page : 102 pages
File Size : 40,7 Mb
Release : 1974
Category : Crop insurance
ISBN : RUTGERS:39030032012975

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A Manual on Crop Insurance for Developing Countries by P. K. Ray Pdf