Viability of Weather-based Index Insurance Among Smallholder Crop Farmers in Nigeria

Viability of Weather-based Index Insurance Among Smallholder Crop Farmers in Nigeria PDF Author: Chioma Doris Dimoha
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

Get Book Here

Book Description


Weather Index Insurance for Smallholder Farmers in Africa

Weather Index Insurance for Smallholder Farmers in Africa PDF Author: Ephias Makaudze
Publisher: AFRICAN SUN MeDIA
ISBN: 191998545X
Category : Technology & Engineering
Languages : en
Pages : 146

Get Book Here

Book Description
ÿThe international conference on ?Weather index insurance in Africa: lessons learnt and goals for the future? was organised by the Department of Economics, University of the Western Cape, in collaboration with its international partners. The conference attracted over 40 participants drawn from academic and research institutions, insurance practitioners, reinsurers, government policy makers, bankers, agricultural producers, and representatives of non-governmental organisations. The presenters highlighted experiences, challenges and opportunities based on current pilot projects on weather index insurance in many parts of Africa.

Overcoming challenges to deliver agricultural weather-index insurance

Overcoming challenges to deliver agricultural weather-index insurance PDF Author: Erena, Getaneh
Publisher: CTA
ISBN:
Category : Technology & Engineering
Languages : en
Pages : 8

Get Book Here

Book Description
This brief identifies and addresses key issues facing weather-index-based agricultural insurance. Drawing on diverse experiences from Africa and Central America, it zooms in on key challenges such as affordability, quality of weather data and models, raising awareness and trust in the benefits of insurance products and policy and regulatory frameworks. To have real impact, scale is the first requirement. Scaling strategies require reliable products, access to the rural areas, increased awareness about insurance and cost-effective delivery channels.

Weather Index Insurance for Smallholder Farmers in Africa

Weather Index Insurance for Smallholder Farmers in Africa PDF Author: Ephias Makaudze
Publisher:
ISBN: 9781919985466
Category : Agricultural insurance
Languages : en
Pages :

Get Book Here

Book Description


Economics of Weather Index-based Insurance: Analysis of Smallholder Farmers' Preferences and the Impact of Insurance on Productivity in Kenya

Economics of Weather Index-based Insurance: Analysis of Smallholder Farmers' Preferences and the Impact of Insurance on Productivity in Kenya PDF Author: Kenneth Waluse Sibiko
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

Get Book Here

Book Description
Climatic risks are a major challenge for rural communities, especially those whose livelihoods directly depend on agriculture. Weather extremes affect crop productivity not only through the direct relationship between weather variables and yields, but also through the negative effects of such shocks on farmers' investment behavior. In particular, smallholder farmers are vulnerable partly because they are predominantly located in the tropics where exposure to climate variability is high, but also because they lack the resources and the capacity to properly cope with risks. Agricultural insur...

Government Support to Agricultural Insurance

Government Support to Agricultural Insurance PDF Author: Olivier Mahul
Publisher: World Bank Publications
ISBN: 0821382195
Category : Business & Economics
Languages : en
Pages : 250

Get Book Here

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.

Renewing Local Planning to Face Climate Change in the Tropics

Renewing Local Planning to Face Climate Change in the Tropics PDF Author: Maurizio Tiepolo
Publisher: Springer
ISBN: 3319590960
Category : Technology & Engineering
Languages : en
Pages : 375

Get Book Here

Book Description
This book is open access under a CC BY 4.0 license. This book aims to inspire decision makers and practitioners to change their approach to climate planning in the tropics through the application of modern technologies for characterizing local climate and tracking vulnerability and risk, and using decision-making tools. Drawing on 16 case studies conducted mainly in the Caribbean, Central America, Western and Eastern Africa, and South East Asia it is shown how successful integration of traditional and modern knowledge can enhance disaster risk reduction and adaptation to climate change in the tropics. The case studies encompass both rural and urban settings and cover different scales: rural communities, cities, and regions. In addition, the book looks to the future of planning by addressing topics of major importance, including residual risk integration in local development plans, damage insurance and the potential role of climate vulnerability reduction credits. In many regions of the tropics, climate planning is growing but has still very low quality. This book identifies the weaknesses and proposes effective solutions.

Bundling Weather Index Insurance with Microfinance

Bundling Weather Index Insurance with Microfinance PDF Author: Dorcas Stella Shumba
Publisher:
ISBN:
Category : Electronic books
Languages : en
Pages : 0

Get Book Here

Book Description
Food production in sub-Saharan Africa (SSA) is exposed to climatic variations and weather-related shocks which affect agricultural output beyond the manageable limits of smallholder farmers. To manage food production uncertainties, weather index insurance (WII) pilot projects have been launched across SSA since the early 2000s. Due to low adoption rates among smallholder farmers, insurance providers have partnered with risk aggregators such as microfinance institutions to foster the demand for and uptake of WII. Despite this, demand for WWI remains low. This chapter seeks to explore the gap between the assertion, that WII is a promising risk transfer mechanism for smallholder farmers in SSA and the realisation that, even where microfinance is made available, subscription rates among smallholder farmers rarely rise. The practice of linking insurance with credit is considered to be important because, in principle, when smallholder farmers have access to insurance, they pose less risk to creditors. In this sense, insurance can crowd-in credit, the lack of which has long been identified as a major, if not the main, constraint for smallholders in developing countries.

Weather risks and insurance opportunities for the rural poor

Weather risks and insurance opportunities for the rural poor PDF Author: Ceballos, Francisco
Publisher: Intl Food Policy Res Inst
ISBN:
Category : Social Science
Languages : en
Pages : 4

Get Book Here

Book Description
As climate variability gains prominence in the international policy agenda, public and private sectors alike are increasingly considering strategies to cope with its economic and social consequences. In turn, the general public—faced with a growing number of extreme weather events and natural hazards—is beginning to demand concrete action. One sector where climate variability and its associated risk have the most damaging impact is the rural economy, in particular smallholder farmers. This brief outlines some of the adverse effects that climate variability has on the rural economy and describes how different insurance mechanisms can contribute to reducing vulnerability and increasing resilience to weather risks.

CGIAR research on agricultural insurance: Past achievements and future research priorities

CGIAR research on agricultural insurance: Past achievements and future research priorities PDF Author: Kramer, Berber
Publisher: Intl Food Policy Res Inst
ISBN:
Category : Political Science
Languages : en
Pages : 7

Get Book Here

Book Description
KEY MESSAGES • A recent external review of IFPRI’s research on agricultural insurance found that, since 2009, IFPRI has made important contributions to the literature on factors constraining farmers’ demand for agricultural insurance and on gender inclusiveness of insurance and, since 2015, has focused more specifically on developing new forms of insurance that can reduce basis risk at the farm level and make insurance more attractive to farmers. • IFPRI’s work on flexible insurance contracts, picture-based insurance, and bundling agricultural insurance with credit, seeds, and other agricultural services shows that well-designed insurance can significantly improve on standard index products, increase demand among smallholders, and lead to greater use of bundled inputs like improved seeds and climate-smart farming practices. • ILRI’s long-term success with its index-based livestock insurance (IBLI) product illustrates that an action-oriented approach aimed at working with strong implementing partners on the ground ensures that, when a product is successful, it has the potential to scale up quickly, leading to significant development impacts. • Important knowledge gaps that warrant further CGIAR research include: 1) segmenting product design and marketing strategies for different target groups, such as sustainable commercial insurance and inclusive insurance; 2) the value and optimal design of programs and policies to remove tail-end catastrophic risks, and of insurance more broadly within a more holistic risk management framework; and 3) cost-benefit analyses around the net social benefits of insurance subsidies, and how these subsidies can best be designed and targeted to achieve their purposes.