Access to Crop Insurance as a Vital Risk Management Tool in Indian Agriculture: Addressing Challenges and Ensuring Future Promise for Better Solution

2012 ◽  
Author(s):  
Sanjukta Bhattacharya
Keyword(s):  
Risk Management ◽  
Crop Insurance ◽  
Management Tool ◽  
Indian Agriculture

scholarly journals Farmers perception towards crop insurance as a risk management tool

2018 ◽  
Vol 13 (3) ◽  
pp. 370-372
Author(s):  
Rajeshwari M. Bhoyar ◽  
V.V. Gohad ◽  
G.S. Chachere
Keyword(s):  
Risk Management ◽  
Crop Insurance ◽  
Management Tool

Factors affecting the use of forage index insurance

2019 ◽  
Vol 79 (5) ◽  
pp. 565-581
Author(s):  
Mitchell Roznik ◽  
Milton Boyd ◽  
Lysa Porth ◽  
C. Brock Porth
Keyword(s):  
Risk Management ◽  
Crop Insurance ◽  
Effective Means ◽  
Management Tool ◽  
Extreme Weather Events ◽  
Index Insurance ◽  
Participation Rates ◽  
Basis Risk ◽  
Content Type ◽  
Factors Affecting

Purpose The purpose of this paper is to examine factors affecting the use of forage index insurance. Forage is a difficult crop to insure, and index insurance may be well suited for forage insurance and has been implemented in several countries, including Canada, the USA and France. Despite being a promising risk management tool, forage index insurance participation rates in Canada, and other countries are low relative to crop insurance participation rates for grain and oilseed producers. Design/methodology/approach A survey was conducted with 87 beef and cattle producers from Alberta and Saskatchewan, Canada. A probit regression model was used, and a number of variables were included to examine the use of forage index insurance. Findings In total, 6 of 11 variables in the model are found to be statistically significant in explaining forage producers’ use of forage index insurance. Results suggest that producers who maintain lower feed reserves are more likely to purchase forage index insurance. Also, producers with higher levels of knowledge of crop insurance and a more positive attitude toward forage insurance are more likely to use forage index insurance. Furthermore, producers are more likely to use forage index insurance if they perceive drought and weather risk as being of greater importance, and if they are younger. The importance of the variable forage index insurance premium price was statistically insignificant. This could be due to the effect of subsidization, reducing the importance of price for the decision to purchase. Similarly, the use of other subsidized risk management policies, including a whole-farm margin policy (e.g. the government program and AgriStability), did not reduce forage index insurance use. A possible explanation for this is that the subsidization of the policies may make it profitable to purchase both, despite the overlapping coverage. Practical implications These results may be useful for policy makers interested in increasing forage index insurance participation rates, as forage index insurance participation rates have historically been low relative to grain and oilseed producers. Originality/value This study is believed to be one of the first studies regarding the use of forage index insurance by forage producers. Producers can be exposed to catastrophic risks such as drought or other extreme weather events, and forage index insurance may be an effective means to manage these risks. Index insurance determines payments using an index that is correlated to producers’ actual yields. A downside of this method is basis risk, which is the mismatch between the insured index and the producer’s actual yield. Research has focused on basis risk and developing improved methods to reduce basis risk. However, less research has investigated the other important factors that may contribute to forage index insurance use. Producers may have a different risk management environment regarding forage production compared to other farm activities, and these differences have largely not been examined.

scholarly journals AGRICULTURAL INSURANCE IN ESTONIA – CURRENT SITUATION AND FARMERS’ WILLINGNESS TO USE CROP INSURANCE

2016 ◽  
Vol 10 (1) ◽  
pp. 122-128 ◽  
Author(s):  
Maire Nurmet ◽  
Katrin Lemsalu ◽  
Anne Põder
Keyword(s):  
Risk Management ◽  
Risk Sharing ◽  
Crop Insurance ◽  
Insurance Companies ◽  
Management Tool ◽  
Agricultural Risk ◽  
Agricultural Insurance ◽  
Production Risk ◽  
Farm Survey ◽  
Willingness To Use

Farmers are strongly exposed to agricultural risks and have to adapt their strategies to the new uncertainties resulting from the changes in the EU agricultural policy. So far, risk sharing strategies in the context of production risk management have received little attention in Estonia. The aim of the paper is to examine the current availability of agricultural insurance in Estonia and the farmers’ attitudes towards insurance as a risk management tool. The analysis is based on a farm survey conducted in 2015. At first, an overview on available insurance products is given. Secondly, farmers’ interest towards insurance and the connection between farm characteristics and the interest, is studied. The results show that availability of agricultural risk management instruments is limited in Estonia. Agricultural insurance includes protection against livestock production risks provided by two insurance companies, and there are no instruments for crop insurance available. The results of farm survey show that farmers’ interest towards crop-yield and crop income insurance is relatively limited. The main reasons cited by the farmers are too high insurance premiums and the lack of trust in the insurance provider honouring the insurance claim. Younger farmers were more interested in insurance.

RETRACTED: Crop insurance as a risk management tool in agriculture: The case of silk farmers in northern Iran

2017 ◽  
Vol 64 ◽  
pp. 225-232 ◽  
Author(s):  
Majid Farzaneh ◽  
Mohammad S. Allahyari ◽  
Christos A. Damalas ◽  
Alireza Seidavi
Keyword(s):  
Risk Management ◽  
Crop Insurance ◽  
Management Tool ◽  
Northern Iran

Parameter framework - a risk management tool to improve the safety of tailings facilities

2007 ◽  
Vol 15 (2) ◽  
pp. 223-233 ◽  
Author(s):  
J. Engels ◽  
D. Dixon-Hardy ◽  
C. McDonald ◽  
K. Kreft-Burman
Keyword(s):  
Risk Management ◽  
Management Tool
Sign in / Sign up

Export Citation Format

Share Document