Via journal online., Agriculture is inherently a risky enterprise because of its dependence on rainfall. To mitigate
risks, farmers diversify crops and enterprises, maintain stabilization account or resort to the sale of assets. Crop insurance is a complementary institutional mechanism that aids farmers to cope with risks better.Considering the importance of crop insurance in risk mitigation, this paper using data from a large-scale farmers’ survey we identify the factors that influence farmers’ decision to buy crop insurance and subsequently assess its impact on farm income, production expenses and productive investments in agriculture. Farmers’ adoption of crop insurance is low— 4.80% kharif season and 3.17% in the rabi season mainly on account of lack of awareness about insurance products. Nevertheless, the probability of adoption of insurance is higher for those who experience higher crop loss and have some formal training in agriculture. The subsidy on premium also positively influences crop insurance uptake decisions. On the other hand, the factors like the lower social status, tenant farming and exposure to deficit-rainfall in the previous year are negatively associated with the decision to insure. The results on the impact of insurance are not conclusive to prove that insured farmer subsumes higher risks compared to the uninsured.
Agricultural Communications Documentation Center, Funk Library, University of Illinois Box: 116 Document Number: C11996
Journal Title Details:
1 page
Notes:
RIRDC completed projects in 1997-98:human capital, communications and information systems, Rural Industries Research & Development Corporation (RIRDC), Barton, ACT, Australia, 1998
Foti, Richard (author), Nyakudya, Innocent (author), Moyo, Mack (author), Chikuvire, John (author), and Foti, Richard (author)
Format:
Paper
Publication Date:
2006-05-21
Published:
Zimbabwe
Location:
Agricultural Communications Documentation Center, Funk Library, University of Illinois Box: 151 Document Number: C24489
Notes:
Retrieved July 5, 2006, Conference sponsored by the International Association for Agricultural Information Specialists (IAALD) in Nairobi, Kenya, May 21-26, 2006. Via Livelihoods Connect. 10 pages., Conference theme: "Managing agricultural information for sustainable food security and improved livelihoods in Africa."
Agricultural Communications Documentation Center, Funk Library, University of Illinois Document Number: D02427
Notes:
Page 43 - Abstract of a paper presented at the International Conference of the Australasia Pacific Extension Network (APEN), Lincoln University, Christchurch, New Zealand, August 26-28, 2013. 100 pages.
Peru: University of Arkansas, Fayetteville, and Winrock International Institute for Agricultural Development
Location:
Agricultural Communications Documentation Center, Funk Library, University of Illinois Document Number: D00339
Notes:
Kerry Byrnes Collection, Pages 103-107 in Proceedings of the Farming Systems Research/Extension Symposium hosted by the University of Arkansas and Winrock International Institute for Agricultural Development, Fayetteville, Arkansas, October 9-12, 1988. Farming Systems Research Paper Series. Paper No. 17. 395 pages.
USA: University of Arkansas, Fayetteville, and Winrock International Institute for Agricultural Development
Location:
Agricultural Communications Documentation Center, Funk Library, University of Illinois Box: KerryByrnes1 Document Number: D01306
Notes:
Kerry J. Byrnes Collection, pages 103-107 in Proceedings of Farming Systems Research/Extension Symposium hosted by the University of Arkansas and Winrock International Institure for Agricultural Development, Fayetteville, Arkansas. Research Paper Series, Paper No. 17. 395 pages.
