scholarly journals Risk Mitigation for Rice Production Through Agricultural Insurance: Farmer’s Perspectives

2018 ◽  
Author(s):  
I Gusti Agung Ayu Ambarawati ◽  
I Made Anom Sutrisna Wijaya ◽  
I Wayan Budiasa
Keyword(s):  
Risk Mitigation ◽  
Rice Production ◽  
Agricultural Insurance

scholarly journals Analysis of the Brazilian Program of Subsidies for Rural Insurance Premium: Evolution from 2005 to 2014

2016 ◽  
Vol 10 (7) ◽  
pp. 87
Author(s):  
Pedro Loyola ◽  
Vilmar Rodrigues Moreira ◽  
Claudimar Pereira Da Veiga
Keyword(s):  
Risk Mitigation ◽  
Supply And Demand ◽  
Insurance Coverage ◽  
Descriptive Analysis ◽  
Insurance Premium ◽  
Growth Potential ◽  
Agricultural Policies ◽  
Agricultural Insurance ◽  
Brazilian Government ◽  
General Data

<p>Rural insurance is inserted in the field of agricultural policies to mitigate risks that farmers face. It was an innovation for the Brazilian government from the implementation standpoint, despite the existence of similar programs in other countries. The purpose of this paper is to assess the recent evolution of the Brazilian Rural Insurance Premium Subsidy Program (PSR) and its main variables: amount insured area, policies, average area, benefiting producers, total premiums involved and total subsidy. The study examined in detail the PSR representation by region and farming. In order to evaluate the results of this program on agricultural policy, an exploratory and descriptive analysis was performed with the objective of studying the evolution of the Brazilian rural insurance in the context of PSR, using the information available in the Ministry of Agriculture, Livestock and Supply (MAPA) about the program. The information and data were collected between July and August 2015. The study was based on data collected from 2005 to 2013 with some general data of 2014 program included in the study. Even though the focus of the analysis was on the most recent years, 2009-2013. Data analysis revealed that the increased supply and demand for rural insurance is in the South and in the agricultural modalities for grains and fruits, with growth potential in other sectors and other regions in the country. PSR, as public policy, was responsible for the expansion of the rural insurance market in Brazil, encouraging and providing the access of producers to agricultural insurance by subsidizing the premium fee. Although this expansion has been slow and gradual, Brazil had in 2013 about 13.8% of the agricultural area with rural insurance coverage. This reveals the need for expanding the program to popularize this important risk mitigation tool.</p>

scholarly journals How Drought Affects Agricultural Insurance Policies: The Case of Italy

2018 ◽  
Vol 11 (2) ◽  
pp. 1 ◽  
Author(s):  
Giulio Fusco ◽  
Pier Paolo Miglietta ◽  
Donatella Porrini
Keyword(s):  
Risk Mitigation ◽  
Drought Risk ◽  
Agricultural Insurance ◽  
Weather Events ◽  
Adverse Weather ◽  
Negative Effect ◽  
Precipitation Variable ◽  
Agriculture Risk ◽  
Insurance Data ◽  
Italian Province

Despite their growing intensity and the enormous costs, adverse meteorological events are still perceived as “exceptional”. Among the adverse weather events, the management of drought risk plays a key role due to the more pressing problem of the scarcity of water resources. In this context, agricultural insurance can represent a financial and risk mitigation tool for farmers. In this perspective, the aims of this study are: (1) to analyze, through a systematic review, the main findings of the scientific literature focused on the empirical and theoretical approach to the relation between adverse weather events in agriculture, risk and insurance; (2) to collect agroclimatic and insurance data for each Italian province for the period 2004-2011, (3) to measure the influence of climatic agroclimatic variables on insurance variables, i.e. Total Premiums, Insured Value and Certificates.The results of the analysis show the significance of the precipitation variable and its negative effect with each insurance dependent variable. The same result can be observed focusing on the effect of minimum temperature on two insurance variables, i.e. Total Premiums and Certificates. Models tested explain a range between 44% and 51% of the variation in our insurance dependent variables.

scholarly journals Determining Agricultural Premium Insurance in Malang City using Black Scholes Model

2021 ◽  
Vol 2 (2) ◽  
pp. 80-87
Author(s):  
Herlia Widi ◽  
Dea Nisa Rahma Lani ◽  
Faridatul Hasanah
Keyword(s):  
Secondary Data ◽  
Insurance Premium ◽  
Rice Production ◽  
Strongly Correlated ◽  
Literature Study ◽  
Agricultural Insurance ◽  
Black Scholes Model ◽  
Black Scholes ◽  
Premium Price

This study examines the determination of rainfall-based agricultural insurance premium prices using the Black-Scholes model. The Black-Scholes model was originally used to determine the price of European-type options. The research method used is a literature study with secondary data collection. The data used in this study are rainfall data and rice production results in the city of Malang from 2015 to 2020. Based on the results and discussion, rainfall which is strongly correlated with rice production results is in quarter 2. The premium results obtained are different according to the desired percentile. In addition to percentiles, taking R_0 also affects the premium price. When R_0=322, the premium price tends to be cheaper than R_0=271.

scholarly journals Evaluation of Economic Damages on Rice Production under Extreme Climate and Agricultural Insurance for Adaptation Measures in Northeast Thailand

2019 ◽  
Vol 23 (6) ◽  
pp. 451-460
Author(s):  
Koshi Yoshida ◽  
Mallika Srisutham ◽  
Supranee Sritumboon ◽  
Desell Suanburi ◽  
Naruekamon Janjirauttikul ◽  
...  
Keyword(s):  
Rice Production ◽  
Northeast Thailand ◽  
Agricultural Insurance ◽  
Adaptation Measures ◽  
Extreme Climate ◽  
Economic Damages

scholarly journals The Impacts of Flood and Drought on Food Security in Central Java

2020 ◽  
Vol 6 (1) ◽  
pp. 69
Author(s):  
Endita Prima Ari Pratiwi ◽  
Eka Laily Ramadhani ◽  
Fatchan Nurrochmad ◽  
Djoko Legono
Keyword(s):  
Food Security ◽  
Crop Production ◽  
Rice Production ◽  
Paddy Fields ◽  
Annual Rainfall ◽  
Agricultural Insurance ◽  
Drought Impact ◽  
Small Water ◽  
Central Java ◽  
The Right

To achieve food security, water must be available at the right place, at the right time, in the right quantity, and be of the right quality. Water-related disasters will negatively affect agricultural areas and crop production, which can threaten food security. Nevertheless, flood and drought strike Central Java, one of the rice production centres in Indonesia, every year, and climate change has been worsening the condition because extreme events occur more frequently. This study reviews the impacts of flood and drought on paddy fields in Central Java from 2014 to 2018. A set of historical documents, including reports on flood and drought, rainfall records, and rice production, were collected from government institutions. Quantitative analysis was conducted using statistics and geographic information system tools. The results showed that the 2014 flood event reflected badly on 94,306 hectares (ha) paddy fields. Four severely affected regencies were Pati (25,460 ha), Demak (13,560 ha), Jepara (13,281 ha), and Kudus (12,203 ha). Meanwhile, drought in 2015 affected 82,324 ha paddy field. The areas severely damaged by drought were Blora (12,335 ha), Cilacap (11,503 ha), Grobogan (10,514 ha), and Pemalang (10,134 ha). Pearson’s correlation analysis results indicated that the correlation between annual rainfall and drought impact (r = −0.865, p = 0.058) is more significant than that between annual rainfall and drought impact (r = 0.794, p = 0.108). The stakeholders have adopted some strategies to minimise losses, such as establishing a 1,000 small water reservoirs program, preparing temporary pump irrigation, and providing agricultural insurance. Nevertheless, more efforts are still necessary to fight against food insecurity.

scholarly journals Agricultural insurance access and acceptability: examining the case of smallholder farmers in Ghana

2021 ◽  
Vol 10 (1) ◽  
Author(s):  
Daniel Adu Ankrah ◽  
Nana Afranaa Kwapong ◽  
Dennis Eghan ◽  
Francis Adarkwah ◽  
Dominic Boateng-Gyambiby
Keyword(s):  
Risk Mitigation ◽  
Smallholder Farmers ◽  
Insurance Companies ◽  
Cross Sectional Survey ◽  
Agricultural Insurance ◽  
Cross Sectional ◽  
Qualitative Approaches ◽  
Multi Stage ◽  
The Face ◽  
The Government

Abstract Background Weather-related risks thwart agricultural productivity gains especially in the face of climate change. Agricultural insurance serves as a reliable risk mitigation instrument for coping with climate-related hazards. This notwithstanding, agricultural insurance penetration among smallholder farmers in the global south remains low. This study investigated the access and acceptability of agricultural insurance among smallholder food crop farmers in Ghana. Method The study employed a mixed-methods approach involving both quantitative and qualitative approaches. The study was carried out in the Northern, Volta and Western regions involving 7 communities in 5 districts. A total of 200 farmers were sampled through a multi-stage purposive sampling and interviewed. A cross-sectional survey involved 100 respondents under the quantitative approach whilst the qualitative study engaged additional 100 farmers. Results The results show that smallholder farmers’ access and acceptability of agricultural insurance is low (14%) and scarce but ironically considered useful by many (90%) as an effective tool to deal with agricultural risks. Inadequate knowledge about agricultural insurance products constituted the most stated reason (64%) for the scarce adoption rate, followed (23%) by the unavailability of insurance products in areas needed but absent. A few (5%) reported insurance to be expensive. Acceptability and accessibility of agricultural insurance are further influenced by gender, educational level, low knowledge, information asymmetry and wrong perception concerning agricultural insurance products. Sense of security and reduced impact of climate variabilities constituted important benefits guaranteed by agricultural insurance. Conclusions Agricultural insurance access and acceptability is constrained by limited knowledge of agricultural insurance products. It is recommended that more insurance companies be incentivized to augment already existing efforts by Ghana Agricultural Insurance Pool (GAIP) to enroll more smallholder farmers. The government can consider bundling existing insurance products with credit or inputs under the Planting for Food and Jobs Programme (PFJ) to improve uptake and accessibility of agricultural insurance.

Risk Management on Information Security in ABC Company

2017 ◽  
Vol 4 (1) ◽  
pp. 62-66
Author(s):  
Luyen Ha Nam
Keyword(s):  
Risk Management ◽  
Information Security ◽  
Data Management ◽  
Management System ◽  
Risk Mitigation ◽  
Data Management System ◽  
Data Centre ◽  
Long Time ◽  
Mitigation Action ◽  
Better Than

From long, long time ago until nowadays information still takes a serious position for all aspect of life, fromindividual to organization. In ABC company information is somewhat very sensitive, very important. But how wekeep our information safe, well we have many ways to do that: in hard drive, removable disc etc. with otherorganizations they even have data centre to save their information. The objective of information security is to keep information safe from unwanted access. We applied Risk Mitigation Action framework on our data management system and after several months we have a result far better than before we use it: information more secure, quickly detect incidents, improve internal and external collaboration etc.

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